Spring is the season of
hope, love and ... sales. The diamond market has all these
components. It won't take long for Sotheby's New York auction to take
the baton from the Osenat sale in Fontainebleau, France. There are a
couple of days left till April 17, the day when more than 400 lots
will go under the hammer. There is hardly an auction without diamonds
on offer, but among many there is always a special jewel and the
Sotheby's action has the one now– exceptional 74.79-carat
potentially flawless diamond.
The highlight of the sale,
a colorless pear-shaped diamond, only “exemplifies the strength of
the white diamond market over the last decade” said Lisa Hubbard,
the chairman of North and South America at Sotheby's International
jewelry division. This is a VVS1, type IIa diamond that is about to
fetch between $9 million and $12 million. In 2001 it was purchased by
its current owner for $4.3 million, what is approximately $57,500 per
carat. Hubbard also said that they are sure that both diamond
industry and private collectors will show interest toward such an
exquisite showpiece.
The other lots are now
been shown off at the Hong Kong Convention & Exhibition Center
and will be brought to New York in a couple of days before the sale.
But where there are the
fans of colorless diamonds, there are the backers of colored gems,
too. They won't be bored during the auction as well. Beautiful pink
diamond earclips cut in a pear-shaped form have already been sold at
Sotheby's in 1987, now they are back again to fetch not less than
$3.5 million.
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