Sotheby’s Hong Kong Auction Results In Magnificent Sale Of A Pink Diamond

On October 7, 2019, Sotheby’s successfully sold the 10.64 carat, Fancy Vivid Purplish Pink Diamond with an Internally Flawless clarity. It was valued between $19.1 million to $25.5 million or $1.8 million per carat to $2.4 million per carat. It ended up selling for $19,862,219 or $1.867 million per carat. This was at the low end of the valuation, but considering the overall market in the diamond industry, this is considered a success. 

This 10.64 carat, Fancy Vivid Purplish Pink diamond took in 51.8% of total sale that day. Sotheby’s sold a total of HKD 300,781,500 compared to HKD 315,247,000 last year, a 4.6% decrease.

The second highest sold item was a 100.02 carat, Fancy Intense Yellow diamond and Internally set in a necklace. it was valued at $5.1 million to $6.4 million and was sold for $5,780,056 or $57.8k per carat; in the mid-range of the valuation. This item took in 15.1% of total sale. It was designed by the famous designer, Anna Hu.

Out of 207 items offered,  these two Fancy Color Diamonds took in just under 67% or two thirds of the total sale, while the other 205 took in the rest. There was only one more item sold for above a million dollars and that was a colourless diamond necklace that was sold for $1.17 million.

Let’s see how Sotheby’s does in Geneva next month…