Sotheby’s ended up selling a total of HK $304,298,920 that night compared to HK $300,781,500 last year. On top of this, Sotheby’s has offered and sold the 102.39 carat, Oval Shape, D color, Flawless clarity for HK $121,562,000 only 2 days earlier, so we will consider this as part of the overall sale for a grand total of HK $425,860,920. This oval diamond also happens to be the highest sold Colorless diamond during this year. Up to now, we have had a report published every two years called Wealth Concentration Index (WCI) from 2003 and until 2019. We will be publishing Another report by the end of this year, which will review the Even Years to see if the results will be different.
The top Fancy Color Diamond lot sold was the 5.22 carat, Fancy Intense Blue Diamond with Internally Flawless clarity (GIA 2205424972). it was valued between $3.23 million and $3.87 million. it ended up selling for $4.47 million or $856.8k per carat. This is a good acquisition price taking into account the size, color intensity and clarity of the diamond.
The second top selling Fancy Color Diamond was the 8.88 carat, Fancy Vivid Yellow Diamond with a VS2 clarity (GIA 2205965096). it was valued between $606k and $774k and ended up selling for $1.084 million or $122.1k per carat, joining a select few Vivid Yellows that sell for above $100k per carat, usually reserved for Zimmi Diamonds.
The 7.33 carat Light Pink with VS2 clarity (GIA 6203319725) was estimated between $374k and $490k was sold for $471.5k or $64.3k per carat.
The 1.01 carat Fancy Intense Green with a VS2 clarity (GIA 6335883328) was valued between $64.5k to $103.2k and ended up selling for $81.3k or $80.5k per carat, within estimates.
There are many Fancy Color diamonds that went unsold. some were rare others less, but we need to report them to you.
The unique pair of 1.95 carat and the 1.63 carat round brilliant Fancy Intense Blue Diamonds with a VVS1 and VS1 clarities (GIA 1112845814 and 2193503399) were offered between $3.61 million and $4.51 million went unsold. This was not a surprise. There is a limit to what is reasonable to pay even for rarity such as this. This does not mean that at a future point in time they will be not be worth this price, but investors weigh in current and future potential and what they can achieve in both time frames.
The 18.68 carat Fancy Light Purplish Pink with an SI2 clarity (GIA 2171737594) also went unsold after a $96.7k to $117.4k per carat valuation.
The 2.08 carat, Fancy Vivid Purplish Pink Diamond with an SI2 clarity (GIA 5202928233) also failed to sell after it was valued between $682k to $930k per carat. this means that the color was not strong enough and closer the a Fancy Intense Pink.
The 3.88 carat Fancy Dark Grey-Blue diamond with a VS1 clarity (GIA 2191383781) went unsold after it was valued between $233k to $299k per carat.
The 3.64 carat, Fancy Pink diamond with IF clarity (GIA 1162587333) went unsold as predicted. The color was weak and did not justify a valuation between $195k to $248k per carat.
Feel free to contact us for any type of consultation on Fancy Color Diamonds and how to go about investing and diversifying your overall investment portfolio.
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