Filed under: Jewelry
Another case of big stones, big money. Prices on small diamonds continue to stagnate but the big stones are selling at auction at the high end of their estimates. The stunning pear-shaped 39-carat, D color Evening Star diamond brought in $5.4 million at Christie's this week, just below the high-end of the $3.6 million to $5.5 million estimate. This stone is a type IIa diamond the type which was found in India's famous ancient Golconda mines. It is certified to be VVS1 clarity and is accompanied by a working diagram indicating that the clarity may be potentially internally flawless.
The stone was part of a small sale of ten pieces from one collector, the "Magnificent Jewels from a Distinguished Private Collector" sale held on Thursday at Christie's New York. The name of the stone came from the owner's habit of wearing the stone to evening galas. A matching pair of diamond ear pendants with two pear-shaped, D-color diamonds of 10.21 and 10.51 carats, also type IIa stones were estimated to bring in $1.7 million to $2.5 million and sold for nearly $2.1 million.