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Diamond renamed 'Juno' after fetching nearly $13 million

A 101.41-carat diamond has set another auction record after fetching $US13 million ($AU18.74 million) at the Sotheby’s New York Magnificent Jewels tender.

The diamond was previously known as “Juno”, named after the Roman goddess of fertility and light, and comfortably surpassed the pre-sale estimate. The new owner has renamed the pear-shaped, internally flawless, type IIA diamond “Claire” in honour of his wife.

The diamond is well-known for its impressive size, similar to that of a small egg, and had a pre-sale estimate of $US10 million.

Quig Bruning, head of jewellery, Sotheby’s America said, “Just a handful of diamonds over 100 carats have ever been offered at auction. The fact that we have two in one sale is rare beyond rare.”

Quig Bruning
Quig Bruning
“We are thrilled to see this exceptional diamond achieve such a strong result, it’s confirmation that there’s ongoing demand from collectors at the highest levels of the market.”
Quig Bruning, Sotheby's

The Claire G is one of just 12 D-colour diamonds to have been sold at auction since 1990. Sotheby's has sold seven of those.

“We are thrilled to see this exceptional diamond achieve such a strong result, it’s confirmation that there’s ongoing demand from collectors at the highest levels of the market,” Bruning added.

Another pear-shaped diamond weighing 111.59 carats known as “Earth Star” performed below expectations when it was sold for $US693,000 ($AU993,027), despite a pre-sale low estimate of around $US1.5 million.

The fancy deep orange-brown diamond was originally cut from a 248.9-carat rough diamond discovered in South Africa in 1967 and set on a pendant created by jewellery designer David Webb.

The Earth Star was listed in the book “Famous Diamonds” by Lord Ian Balfour and is reputed to be the second-largest diamond of the same cut, size and colour to be auctioned.

43-carat fancy colour beauty

Meanwhile, a 43.15-carat fancy yellow diamond ring took centre stage at the Phillips New York Jewels tender.

The round brilliant-cut VS2-clarity yellow diamond ring set in brilliant, single and baguette-cut smaller white diamonds fetched $US816,500 ($AU1.17 million) during the tender.

The auction returned sales totalling $US5.2 million ($AU7.45 million).

While the auction sold around 75 per cent of the lots, it failed to sell several pieces that were expected to attract buyers.

Among them, a 17.62-carat VVS1-clarity diamond ring with an estimated value of $US1.3 million and a cushion-shaped mixed-cut Kashmir sapphire and diamond ring valued at $US800,000.

More reading
Legendary 100-carats diamonds highlight Sotheby’s auction
Sotheby’s to auction 555.55-carat “extraterrestrial” black diamond
Cartier ‘Tutti Frutti’ bracelet sold in record-breaking online auction











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