Sotheby’s Geneva set a world auction record for any diamond and any jewel today when it sold An Exceptionally Rare and Truly Magnificent Fancy Intense Pink Diamond of the Purest, Vibrant Hue, Weighing 24.78 Carats for $46,158,674
, well above the pre-sale estimate of $27/38 million.
Four bidders competed for the gem, one of the most important and beautiful stones ever to come up for auction that was last on the market 60 years ago. The diamond was finally bought by Patti Wong, Sotheby’s Chairman in Asia , bidding on behalf of Laurence Graff. Shortly after the sale, Laurence Graff named the diamond “The Graff Pink” and made the following statement: “It is the most fabulous diamond I’ve seen in the history of my career and I’m delighted to have bought it.”
Today’s record sale of Magnificent Jewels concluded with an exceptional total of $105,051,728, a figure well above pre-sale expectations and the highest total for any jewelry auction ever held. Bidders from all corners of the world were out in force, bringing overall sell-through rates of 82% by lot and 94% by value. Top prices were achieved for important white diamonds, rare colored stones, jewels with important provenance and exceptional signed pieces.
Images: Sotheby’s New York.