Rare Coloured Diamonds | Maybe, good things come in threes, and it seems so looking at the dazzling diamonds presented at Christie’s. Yes, a trio of astounding colored diamonds is leading the latest sales event at the auction house.
Christie’s is conducting The Magnificent Jewels Sale this April that will feature a total of 217 lots. However, it includes multimillion-pound diamonds and ultra-rare gemstones. Now:
What’s leading the sales event is “The Perfect Palette,” which consists of three large diamonds. Interestingly, Christie’s will auction each stone separately as rings, and they expect them to fetch a flattering sum of nearly £5.85 million altogether.
Generally, diamonds are perhaps the most expensive gemstones globally, and they do have resale value. Many people often own loose diamonds that they choose to sell for cash.
Moreover, you might already know that diamonds are women’s favorite gemstones. Thus, the three eye-popping diamonds that are up for auction at Christie’s upcoming sales event will lure women’s attention. So continue reading to explore more.
A Trio of Rare Coloured Diamonds at Christie’s
So, leading Christie’s Magnificent Jewels sale is “The Perfect Palate,” consisting of three seven-figure gemstones. Each will be auctioned individually as rings. However, the most precious of the three stones are the fancy bright blue diamond ring.
This blue diamond weighs 2.13 carats, and the auction house estimated it to fetch between £1.46 million and £2.19 million. The next stone out of the three is a fancy bright orange diamond ring, weighing 2.34 carats. Christie’s expects this orange diamond to sell between £1.10 million and £1.83 million.
And the final stone of the three is a fancy bright purplish-pink diamond ring with 2.17 carats weight. Interestingly, the auction house estimated the same sum for these purplish-pink diamonds as the vivid orange-colored one.
Other Attractions of Christie’s Magnificent Jewels Sale
The Magnificent Jewels sale at Christie’s will also feature dazzling white diamonds that you cannot upstage. You won’t be able to take your eyes off a spectacular ring featuring a pear-shaped diamond at the center. The brilliant-cut pear-shaped diamond is of D color grade and type IIa stone. Christie’s estimated that this pear-shaped diamond ring could bring between £1.83 million and £2.6 million.
However, there is a lot more to boost your interest in Christie’s upcoming auction event that will take place in April. The sale will also present several signed luxury items of renowned jewelers, including Cartier, Bulgari, Van Cleef&Arpels, Harry Winston, Verdura, David Webb, and Belperron.
Nonetheless, a Cartier’s Panthere brooch stands out from the rest. The clip is embellished with onyx, emeralds, and diamonds, and the auction house expects it to fetch between £146,190 and £219,285.
The auction house will also present personal collections on sale that include a curated collection of high jewelry items. For example, the Estate of Jacqueline Leeds will offer over 38 jewels and ruby and diamond items of Van Cleef&Arpels.
On the other hand, the Property of an Elegant Midwestern Collector represents a pair of diamond, sapphire, and pink sapphire earrings. Christie’s expects it to fetch nearly between £58,432 and £87,648.
Another highlight of Christie’s Magnificent Jewels sale is an exquisite and opulent BulgariSerpenti watch. Bulgari has designed and adorned this piece with onyx and diamonds. However, this jewelry piece is historically significant as it pays tribute to the renowned activist and actress Elizabeth Taylor, who was also a passionate jewelry collector.
Bulgari donated this Serpenti wristwatch, and the auctioned amount will go to the Elizabeth Taylor AIDS Foundation (ETAF). Well, Christie’s Magnificent Jewels auction will take place on April 13 and run simultaneously with the ‘Jewels Online’ sale starting from April 8. Moreover, an exhibition by appointment will take place from April 9 at Christie’s New York.
Diamond’s Resale Value
Whether it is a pair of diamond earrings or the center stone of a solitaire engagement ring, every diamond has a resale value. However, keep note that a diamond’s resale value is always substantially less than its retail price. Many factors are responsible for it, including the stone’s retail markup and the difficulty of selling a second-hand diamond.
Like those in many other industries, jewelry retailers buy items wholesale and mark them up. And this, unfortunately, signifies that a diamond’s innate worth and, eventually, the resale value will be lesser than the price your fiancé or you paid to purchase it new. However, Rare Coloured Diamonds are often the exception.