Diamonds Score Big at Christie’s New York Auction

Diamonds commanded top prices at the June 12 Christie’s Important Jewels sale in New York City.

The auction’s highlight was a rectangular-cut E color 22.46 ct. diamond ring by David Webb, which sold for $1.87 million ($83,500 a carat), just over its $1.2 million–$1.8 million estimate.

Other top sales included a 14.82 ct. pear-shape E color VVS2 diamond, which sold for $1.59 million ($157,000 a carat). A 15.56 ct. circular-cut F color VS1 diamond sold for almost $1.54 million ($98,300 a carat).

The total sale took in $14.5 million, with items sold 89 percent by lot and 92 percent by value.

“Diamonds have been the flavor of the season, with top prices achieved in Geneva, Hong Kong and New York through spring 2012 as seasoned collectors and new economies went head to head for the best,” Rahul Kadakia, head of jewelry for Christie’s America, said in a statement. 

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