Rare Red Diamond Leads Christie’s December Auction
Just in time for the holiday season, Christie’s is headlined their Magnificent Jewels sale on December 10th with red and green colors. Everyone’s eyes will be on a 3.15 carat round brilliant fancy reddish orange diamond, estimated at $700,000 – $1.2 million.
True red diamonds are the crème de la crème of diamonds – the least naturally occurring color, which means it demands a very high premium. To give an idea of how rare these are: only about 50 polished red diamonds exist in the world, with few being over one carat. The largest known is the Moussaieff Red, a trilliant cut fancy red weighing in at 5.11 carats.
Although the diamond is not classified as red but orange, it is still made very valuable by its strong red overtones. At 3.15 carats, it is the largest reddish orange diamond to be graded at the Gemological Institute of America laboratory.
The most expensive estimate lot will be a 50 carat D color and internally flawless clarity diamond ring. The rectangular cut diamond is flanked by two baguette cut diamonds on either side, set in platinum and is expected to fetch around $7 to $10 million.
Another notable lot to look for is an exceptional three-stone Columbian emerald ring mounted with an 8.51 carat cushion-cut center and matching sides of3.94 and 4.04 carats. It carries an estimate of $475,000 – $550,000.
At Secret Sapphire Luxury Jewelry, we carry some unconventional pieces as well as classic pieces. A trio of custom-made orange diamond rings can be seen in our showcases, as well as a custom diamond and emerald stone ring. Monica Tsao, Graduate Gemologist has had plenty of experience sourcing colored stones and diamonds for jewelry she designs. If you are looking for something a little out of the ordinary, visit us at 493 Davie St., Vancouver BC.
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