52 Carat D Flawless Golconda Diamond Garners $10.9 Million at Christie’s

On Dec. 10, the 52.58 D color internally flawless Golconda diamond garnered an impressive $10.9 million at an auction at Christie’s New York. 

The $207,600 per carat price was in line with its $9.5 million–$12.5 million estimate. The buyer was anonymous.

The mines of Goldconda, India, are known for producing some of the world’s most famous gems, including the Hope, the Koh-i-Noor, and the Regent.

The 495-lot sale overall took in $65.7 million, with 86 percent sold by lot and 92 percent sold by value. Christie’s New York has sold $193.8 million worth of jewelry this year. 

Other auction highlights:

– What Christie’s described as a “superb collection” of diamond jewelry by Leviev fetched $10.2 million. The first lot—a 26.72 ct. D color internally flawless cushion-cut—sold for $4.3 million ($161,200 per carat); a diamond necklace suspending a D color VVS1 22.12 ct. pear-shape sold for $2.79 million ($126,400 per carat) to an Asian private buyer; a pair of pear-shape 10.31 and 9.94 ct. D color VVS1 and VVS2 diamond ear pendants (pictured below) sold for $2.3 million ($117,200 per carat) to an anonymous buyer; and a platinum and 18k white gold diamond bracelet, with 88 rectangular-cut diamonds, weighing approximately 90.81 cts. total, sold for $725,000.

– An Art Deco diamond, jadeite, and gem-set Tutti Frutti bracelet (pictured below) by Cartier sold for $2.045 million. That set a world auction record for an Art Deco Tutti Frutti bracelet by Cartier.

“Beginning with the historic sale of the Princie Diamond this April and culminating with the 52.58 carat D-color internally flawless Golconda diamond sold today, 2013 has been a stellar year for jewelry at Christie’s New York,” Rahul Kadakia, head of jewelry for Christie’s Americas and Switzerland, said in a statement. “From start to finish, prices for superb diamonds, natural pearls, and rare jewels have soared beyond their estimates, driven by intense competition from collectors worldwide.” 

(Photos courtesy Christie’s Images Ltd.)

JCK News Director