RAPAPORT... Christie’s New York will hold its Magnificent Jewels sale on October 18, offering 340 lots that together carry a presale estimate of $35 million. The October sale in New York marks the official opening of Christie's fall season globally, which includes major sales of important jewels in Geneva, Paris, London and Hong Kong, before returning to New York for the grand finale auction of the season: The collection of Elizabeth Taylor in December.
''As we meet with collectors and dealers around the world in the run-up to this autumn season, it is clear that demand for rare and important jewelry remains as strong as ever,” said Rahul Kadakia, the head of jewelry for Christie's Americas. ''Recent top prices for colored and colorless diamonds and gemstones have helped bring some spectacular jewels into the marketplace, including top-quality D-color diamonds and some truly exceptional fancy colored diamonds in shades of yellow, pink, blue and green.''
The top lot of the New York sale is a 32.77-carat, vivid yellow diamond, pictured, with a golden yellow hue so intense and so deep that the Gemological Institute of America (GIA) ranks it amongst the rarest of gemstones in its class. It carries a presale estimate of $6 million to $8 million.
The sale also features fancy colored diamonds in shades of pink, blue and green, including a 3.21-carat, pear-shaped, fancy vivid blue diamond ring, flanked by side diamonds, and it has a presale estimate of $2.5 million to $3 million. The sale includes an 8.20- carat, pear-shaped fancy purplish-pink diamond ring by Tiffany & Co. with a presale estimate of $1.25 million to $1.8 million.
Christie's offers six large D-color diamonds along with a broad assortment of fine diamond necklaces, earrings, brooches and bracelets. The largest of the D-color diamonds is a 25.74-carat, oval-cut diamond ring by Graff that is estimated at $3.5 million to $5 million.