Christie’s New York is having its Magnificent Jewels sale, providing 340 lots that collectively total up to a presale estimate of $35 million. The Magnificent Jewels marks the official opening of Christie’s fall season around the world, with major sales for important jewelry occuring in Geneva, Paris, London and Hong Kong and returning full circle to New York for the grand finale auction: The Elizabeth Taylor jewelry collection in December.

Belle of the Ball: 32.77 carat, vivid yellow diamond, with such a uniquely intense yellow hue that the GIA ranked it one of the rarest Gemstones in its class.
“As we meet with collectors and dealers around the world in the run-up to this autumn season, it is clear that demand for rare and important jewelry remains as strong as ever,” said Rahul Kadakia, head of jewelry for Christie’s Americas.
“Recent top prices for colored and colorless diamonds and gemstones have helped bring some spectacular jewels into the marketplace, including top-quality D-color diamonds and some truly exceptional fancy colored diamonds in shades of yellow, pink, blue, and green.”
The main attraction of the Magnificent Jewels sale is a 32.77 carat, vivid yellow diamond, ranked by the Gemological Institute of America (GIA) as one of the rarest gemstones in its class. This large diamond has a presale estimate of $6 million to $8 million.
The New York sale has in its lots fancy colored diamonds in shades of pink, blue, and green, including a 3.21 carat, pear-shaped fancy vivid blue diamond ring with side diamonds at an estimated presale cost of $2.5 million to $3 million. Also included in the sale is an 8.20 carat, pear-shaped fancy purple-pink diamond ring by Tiffany & Co., with a presale estimate of $1.25 million to $1.8 million.
Christie’s has six large D-color diamonds as well as an assortment of fine diamond necklaces, earrings, brooches, and bracelets. The largest of the D-color diamonds is a 25.74 carat, oval-cut diamond ring by Graff, estimated at $3.5 million to $5 million.
Source: Rapaport
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