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News, Pink Diamonds

Articles from DIAMONDS BY CUT - BRILLIANT (ROUND) (286 Articles), (PAID ONLY) DIAMONDS LOOSE - FANCY COLOR (134 Articles), (PAID ONLY) DIAMONDS LOOSE - FANCY CUT (123 Articles)

The figures indicate a substantial rise in Christie's jewellery sales for 2013.
The figures indicate a substantial rise in Christie's jewellery sales for 2013.
 









Christie’s breaks annual jewellery records

Global demand for gemstones appears to be at an all time high with Christie’s reporting its highest annual auction result ever for jewellery in 2013.

The international auction house announced a record breaking result for 2013 with annual jewellery sales of US$678.3 million (AU$776 m). This figure equated to an 18 per cent rise on the 2012 figures, and even exceeded the all-time record 2011 figures, which included The Collection of Elizabeth Taylor sales.
 
While Christie’s Geneva was the clear leader in the company’s annual sales with US$228.4 million (AU$261.3 m), each major sales region recorded significant auctions, indicating global strength in the gemstone market. 
 
François Curiel, Head of Christie
François Curiel, Head of Christie's jewellery department
More than 120 jewellery items posted sales in excess of US$1 million (AU$1.1 m), 14 lots sold above the US$5 million mark and five items achieved results above the US$10 million (AU$5.7 m) mark. In all, Christie’s sold six of the top 10 gemstones sold at auction in 2013.
 
These figures indicate a substantial rise in the sector, with international head of Christie's jewellery department, François Curiel, drawing comparisons to 20 years ago.
 
“In 1994, Christie’s worldwide jewellery sales totalled US$190 million, with Geneva, London, and New York as our most important centres, where top quality gemstones traded at US$80,000 per carat. In November 2013, at Christie’s Geneva, we sold The Orange for a world record price of US$35.5 million at US$2.4 million per carat and achieved US$125.3 million in one sale,” Curiel said.
 

Notable auction 1: The Princie Diamond

Setting the record as the most expensive diamond ever sold at Christie’s and in the United States, the 34.65 carat, VS2 type IIa cushion-cut fancy intense pink Golconda diamond sold in April for US$39.3 million (AU$45 m) to an anonymous buyer.
 
The stone can be traced back to the ancient mines of Golconda in south central India, and initially belonged to the royal family of Hyderabad.
 
 

NOTABLE AUCTION 2: The Orange DIAMOND

With a sale price of US$35.5 million (AU$40.5 m), the almond-shaped 14.82-carat diamond holds the record for any orange diamond ever sold at auction and also holds the mantle for the highest price per carat (at US$2.3 million). 
 
The November sale helped Christie’s to its record-breaking year and ensured Geneva was the company’s most decorated auction house.
 
 

NOTABLE AUCTION 3: The Star of China

Proving that demand is also strong in Asia, The D coloured internally flawless briolette diamond of 75.36 carats fetched a price of US$11.2 million (AU$12.8 m) at Christie’s Hong Kong in May. This new world auction record for a briolette diamond amounts to US$148,000 per carat.
 
Purchased by China Star Entertainment vice chairman, Tiffany Chen, the type IIa briolette stone has been named The Star of China after Chen’s company.
 
 

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