Rare Gemstones, Art Deco Jewels Highlight $35 Million Jewelry Sale

A Pear-Shaped Fancy Vivid Blue Diamond Ring of 3.21 carats, flanked by white side diamonds. Estimate: $2.5 million - $3 million.

An Oval-Cut D-color Diamond Ring of 25.74 carats by Graff. Estimate: $3.5 million - $5 million.

Pear-Shaped Fancy Purplish Pink Diamond Ring of 8.20 carats, by Tiffany & Co. Estimate: $1.25 million - $1.8 million.

NEW YORK – More than 340 items of jewelry—from sparkling white diamond rings to the finest colored diamonds—will be up for auction in the $35 million sale of Magnificent Jewels at Christie’s on Oct. 18. As is now tradition at Christie’s, the October sale in New York marks the official opening of the fall season globally, which includes major sales of important jewels in Geneva, Paris, London and Hong Kong before returning to New York for the grand finale auction of the season: the highly anticipated Collection of Elizabeth Taylor in December.

The Vivid Yellow diamond, a super-saturated Fancy Vivid pear-shaped diamond of 32.77 carats.

“As we meet with collectors and dealers around the world in the run-up to this autumn season, it is clear that demand for rare and important jewelry remains as strong as ever,” said Rahul Kadakia, head of Jewelry for Christie’s Americas. “Recent top prices for colored and colorless diamonds and gemstones have helped bring some spectacular jewels into the marketplace, including top-quality D-color diamonds and some truly exceptional fancy colored diamonds in shades of yellow, pink, blue and green.”

The top lot of the October sale is The Vivid Yellow diamond, a super-saturated Fancy Vivid pear-shaped diamond of 32.77 carats (estimated to sell for between $6 and $8 million). With a golden yellow hue so intense and so deep that the Gemological Institute of America (GIA) ranks it amongst the rarest of gemstones in its class, The Vivid Yellow made a splash in the industry circles when it was announced earlier this summer, and is set to dazzle all comers at the sale next month.

The sale also features fancy colored diamonds in highly-desirable shades of pink, blue and green, including a pear-shaped Fancy Vivid blue diamond ring of 3.21 carats flanked by white side diamonds (estimate: $2.5-$3 million) and a marquise-cut Fancy Intense blue diamond ring of 2.28 carats (estimate: $600,000-$800,000).

For the many collectors now competing for top pink diamonds, the sale also includes a pear-shaped Fancy purplish-pink diamond ring of 8.20 carats by Tiffany & Co. (estimate: $1.25-$1.8 million) and an oval-cut Fancy Pink diamond of 5.23 carats (estimate: US$600,000-$800,000). Among the more unusual colored diamonds is a rare Fancy yellow-green diamond. The cushion-cut stone of 17.88 carats forms the centerpiece of an elegant choker necklace by BVLGARI that may be converted to a brooch (estimate: $500,000-$800,000).

A “Tutti Frutti” bracelet of diamonds and carved sapphires, rubies and emeralds.

Per-carat prices for top-quality white diamonds remain strong, and the upcoming sale offers six large D-color diamonds—the whitest shade possible—along with a broad assortment of fine diamond necklaces, earrings, brooches and bracelets. The largest of the D-color diamonds is a stunning oval-cut diamond ring of 25.74 carats by the celebrated jeweler Graff that is estimated at US$3.5-$5 million. Also featured is a rectangular-cut D-color diamond ring of 20.43 carats by Cartier (estimate: $1.5-$2.5 million) and a pear-shaped D-color diamond pendant of 11.05 carats (estimate: $1-$1.5 million).

Art Deco jewels remain a favorite category for collectors who prize the era’s bold geometric forms and exceptional craftsmanship. A highlight of the upcoming sale is a highly-coveted example of Art Deco inspiration by Cartier—a full size “Tutti Frutti” bracelet of diamonds and carved sapphires, rubies and emeralds (estimate: $600,000-$800,000).

At three inches in width, the piece is the largest of the limited-edition Tutti Frutti bracelets to have come to auction at Christie’s since November of 2005. Superior examples of this iconic style are among the most desirable signed jewels in the auction market currently; earlier this year, Christie’s London set a new world auction record of $1.88 million for a Tutti Frutti bracelet when it sold a slimmer version of the signature style for nearly four times the low estimate.

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