Fancy Colour Diamonds Fascinate Jewellery Trade
Fancy colour diamonds are taking pride of place in the jewellery and gemstone industry, with rare and highly coveted pinks, blues and yellows dominating international auctions and commanding record-breaking prices.
In May, Christie’s Hong Kong sold a 15.81-carat pink diamond for HK$226.27 million (US$29.28 million), which became the largest purple-pink flawless diamond ever auctioned.
Aptly named “Sakura Diamond,” the internally flawless Type IIA diamond fetched a per-carat price of US$1.85 million at the Magnificent Jewels sale on May 23. Another pink diamond spectacle – a 4.19-carat fancy vivid pink diamond named The Sweet Heart – was snapped up for HK$50.65 million (around US$6.6 million) at the event.
In April, Christie’s sold “The Perfect Palette,” a trio of fancy colour diamonds for a collective amount of US$8.37 million. Each stone surpassed initial estimates with the fancy vivid purplish pink diamond ring of 2.17 carats selling for US$3.51 million; the fancy vivid blue diamond ring of 2.13 carats realising US$2.67 million; and the fancy vivid orange diamond ring of 2.34 carats achieving US$2.19 million.
A set of fancy blue diamond earrings and pendant/ring with diamond accents meanwhile is headlining Phillips’ Jewels and Jadeite Spring Auction scheduled for June 5 in Hong Kong.
The pair of earrings and the pendant/ring adorned with VVS to VS sky-blue diamonds, to be sold as separate lots, are expected to fetch HK$4 million to HK$6 million (around US$500,000 to US$780,000) each, according to the auction house.