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Sunday, November 24, 2013

Golconda Diamond on Sale

Auction sale is the event where apart from exquisite lots, wealthy customers and skilled experts the records are set. We mean the record prices for diamond jewelry are set. The customers elegantly 'fight' for the right to own the lot on sale by raising the price to the amount other customers are incapable to pay. Christie's and Sotheby's auctions are world-known and most prestigious where apart from various pieces of art diamond jewelry is on sale, too. This is Christie's auction to take place on December 10 and this is Golconda diamond that is the star of the event.

Golconda diamond is a 52.58-carat rectangular-cut diamond of D color. It's graded as internally flawless diamond of premium polish and luminance, superior luster and exquisite brilliance. It expects to fetch between $9.5 million and $12.5 million. The historic sale of most rare diamonds seems to continue. This year it started with 'The Princie Diamond'(aka 'The Pink Star') in New York, then 'The Orange' picked up the baton and now it's Golconda's turn to shine in the limelight.

The presale estimation of 'The Orange' run between $17 million to $20 million but it sold for $36 million, a record for an orange diamond. Then 'The Pink Star' set another record at Sotheby's having been sold for $83 million – a record for any gemstone sold at auction! Let us remind, that it was supposed to fetch not more than $60 million.

As the tendency shows there are the collectors who would take any opportunity to participate in a sale for the sake of a sought-after gem.

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