Auctions & Exhibits

NEW YORK AUCTIONS: THE BEST FOR THE MOST The spring auctions in New York City were good for the best quality colored diamonds, not so good for anything less Top-of-the-line colored diamonds hit world-record prices during the spring auctions at Sotheby's and Christie's in New York City. But the market was shaky for diamonds and colored stones that were anything less than the absolute best. At Sotheby's April 10 sale, Sam Abram, an agent for Siba Rare Jewelers of Hong Kong, paid $2.1 million for a 4.92-ct. pink diamond, a record per-carat price of $425,305 for that color. On the other hand, the 21.3-ct. pink diamond offered up as the auction finale failed to attract a bidder. At Christie's sale on April 12, Middle Eastern dealer Ahmed H. Fitaihi paid more than $7.5 million for a 13.49-ct. rectangular-cut blue diamond, a record per-carat price of $550,000 for that color. But, as at
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