Christie’s New York Magnificent Jewels auction in December will be featuring some very interesting fancy color diamonds among its usual array of diamonds and gemstones. For the picks at this particular auction, mostly diamond collectors will be attracted rather than diamond investors. Collectors will appreciate their unique hues and the subsequent value that these diamonds should be worth when they go under the hammer. However, as all diamond collectors know, bidding can take a very interesting turn if enough people are seriously interested in a particular stone! Some of the diamonds at this auction may even draw out such behavior.
One of the most unique diamonds of the evening is one whose color and size together make it rare. It is a 54.36 carat Fancy Deep Brownish Pinkish Orange VVS2 pear shaped diamond that is being valued at $2 million to $3 million, or $37k to $55k per carat. This would be a unique collector piece to add to any collection. On the other hand, a more careful inspection of the internal physical aspect of the diamond may indicate that the diamond has further potential as an investment grade diamond. We will have to see at the auction whether the attendees view it the same way.
The 54.36 carat Fancy Deep Brownish Pinkish Orange VVS2 pear shaped diamond ring Image credit: Christie’s
Our next fancy color diamond spotlight is on the 12.88 carat Fancy Intense Orangy Pink VS2 diamond ring. It set in a ring designed by Harry Winston, and is valued between $3.5 million to $4.5 million, or $272k to $349k per carat. The diamond is mostly what is commanding its high estimate, but the Harry Winston brand also adds certain value and appeal which will help it even more to sell, as we have previously discussed in our analysis of how a brand name affects the value of diamonds. This is currently the second largest of its color to ever be offered at auction. The largest is a 13.32 carat Fancy Intense Orangy Pink which was sold on November 15, 2001. However, the current record total price paid for such a color was $4.951 million paid for a 12.85 carat sold on November 26, 2013
The 12.88 carat Fancy Intense Orangy Pink VS2 Harry Winston diamond ring Image credit: Christie’s
Another especially remarkable diamond is the beautiful 6.94 carat Fancy Vivid Yellowish Orange oval shaped diamond ring. It is valued at a final price from $800k to $1.2 million, or $115k to $173k per carat. The color is quite unique and rare considering its size.
The 6.94 carat Fancy Vivid Yellowish Orange oval shaped diamond ring Image credit: Christie’s
A very popular color for collectors of fancy color diamonds is gray, which is extremely rare and barely ever seen for sale. In addition to the appeal of its color, it has an astounding Internally Flawless clarity. Such a high clarity is hardly ever seen in fancy color diamonds so when it is seen, It instantly adds important value to the stone. Therefore, the presence of this 3.03 carat Fancy Violet Gray IF diamond will be very welcome that evening. It is estimated to sell at a price between $300k – $500k but it could very well break its highest estimates due to its unique and balanced color combination.
The 3.03 carat Fancy Violet Gray IF diamond double halo ring Image credit: Christie’s
Our final important collector’s diamond of the evening is a yellow diamond. Yellow diamonds are controversial in the diamond investments world, as they are not typically chosen for their high yields or ROI. Usually, a yellow diamond needs to be extraordinary in order to be classified as an investment piece, which will be the case if it has extremely vivid color, an enormous size, a unique shape, or a perfect clarity. However, for collectors the subject of yellow diamonds is an entirely different story. Collectors are inspired by the magic of the stone, and although the potential gains are important, to them the beauty of the stone trumps all else. For this reason, we have chosen to focus on this incredible yellow diamond. Although several yellow diamonds will be auctioned the very same evening, this one clearly stood out to us because of its incredible color relative to its size. It is a 34.56 carat Fancy Intense Yellow VS1 diamond and it is estimated to sell at a price between $700k – $1 million.
The 34.56 carat Fancy Intense Yellow VS1 diamond Image credit: Christie’s
What do you think of these very interesting and unique diamonds? Are they worthy of diamond collectors or investors? Tell us in the comments!
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