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2 posts from September 2015

Sotheby’s to sell 12-carat blue diamond

12.03 Cushion Vivid Blue Moon-bigThis fall, the largest cushion-shaped fancy vivid blue diamond ever to appear at auction will go up on the block at Sotheby’s, with a chance of setting a new auction record.

The 12.03-carat diamond, named the “Blue Moon” because of its rarity, will lead Sotheby’s Magnificent Jewels and Noble Jewels sale scheduled to take place Nov. 11 in Geneva. 

The cushion-shaped, brilliant-cut stone boasts an exceptional clarity, declared internally flawless by the Gemological Institute of America.

It comes to market with an estimate of between $35 million and $55 million. If it sells at the high end of that range, the stone could become the most expensive diamond in auction history.

The current record is held by the Graff Pink, a 24.78-carat fancy intense that went for $46.2 million at Sotheby’s Geneva in November 2010.  (Sotheby’s actually topped the Graff Pink sale in November 2013 when it sold the 59.6-carat “Pink Star” for $83.2 million, but the record didn’t hold as the buyer couldn’t pay for it, requiring Sotheby’s to acquire the stone itself.)

Scientists from the National Gem and Mineral Collection at the Smithsonian Institution were able to study the Blue Moon diamond, noting that the color of the blue diamond is “true and saturated” throughout, with no other colors present.

The polished stone was cut from a 29.62-carat piece of rough unearthed at Petra Diamonds’ Cullinan mine in South Africa in January. A month later, Cora International NY purchased it for $25.6 million, or $862,780 per carat.

RELATED CONTENT: Nearly 30-carat blue diamond found in S. Africa

Sotheby’s also currently holds the world auction record for a blue diamond. This was set by the Zoe diamond, a 9.75-carat fancy vivid blue diamond that sold for $32.6 million in November 2014 during its sale of the late “Bunny” Mellon’s jewelry.

“Weighing in at 12.03 carats, the Blue Moon diamond is a simply sensational stone of perfect color and purity, combined with a superb cushion shape,” said David Bennett, worldwide chairman of Sotheby’s International Jewellery Division. “Blue, for me, is the most mysterious and magical of all the colors of diamond, and the Blue Moon will now take its place among the most famous gems in the world.”

via www.nationaljeweler.com


Rio Tinto’s Argyle Pink Diamonds Tender


Rio Tinto once again has four fancy reds in its annual tender of special stones from the Argyle in Western Australia, the mine that produces the vast majority of the world’s pink and red diamonds.

Including the four fancy reds, there are total of 65 diamonds in this year’s Argyle Pink Diamonds Tender, up from 55 last year.

There also are five “hero” stones this year, top-quality diamonds to which Rio Tinto assigns a name.

This year, Rio Tinto’s partnership with The Australian Ballet inspired the names assigned to the hero stones.

-- Argyle Prima, a 1.20-carat pear-shaped fancy red

1.20 pear red Argyle Prima

-- Argyle Aurora, a 1.47-carat fancy red oval shape named for the princess in Sleeping Beauty

1.47 oval red Argyle Aurora

--Argyle Allegro, a 0.79-carat fancy red radiant-shaped diamond, named after the brisk and lively movement in ballet

0.79 radiant red Argyle Allegro

--Argyle Spectre, a 1.93-carat fancy-vivid purplish-pink shield-shaped diamond that takes its name from the ballet Le Spectre de la rose

1.93 shield red Argyle Spectre

--Argyle Élevé, a 1.44-carat fancy-intense pink emerald shape inspired by a movement in ballet

1.44 emerald intense pink Argyle Eleve

Viewings of the Argyle Pink Diamonds Tender in Hong Kong are by invitation only. Following the viewings there, Rio Tinto will bring the diamonds to New York and then back to Australia.

Tender bids are scheduled to close Oct. 21.

via www.nationaljeweler.com