101.36-carat Diamond Sells for $4.98 Million at Christie’s Auction

//101.36-carat Diamond Sells for $4.98 Million at Christie’s Auction

101.36-carat Diamond Sells for $4.98 Million at Christie’s Auction

By | 2014-10-24T01:09:41+00:00 October 24th, 2014|Business|0 Comments

Forbes reported that the top lot at Christie’s Important Jewels auction, held in New York on Wednesday, was a 101.36-carat, cushion-cut, L-color, VS2 diamond. It sold for $4.98 million, or $49,100 per carat.

As quoted in the market news:

The diamond, worn as a necklace, is suspended by a black silk cord with pavé-set diamonds mounted in platinum.

All totaled, the sale of 347 lots fetched $33.7 million, with 75 percent sold by lot and 77 percent sold by value.

‘Fine quality colorless diamonds achieved strong prices with international bidding,’ said Rahul Kadakia, International Head of Christie’s Jewelry. ‘Collectors also bid competitively for natural pearls and special jeweled objects such as the Art Deco fish bowl clock, by Black, Starr, and Frost, which realized $137,000 against a pre-sale estimate of $15,000.’

Click here to read the full Forbes report.