Fancy Color Diamonds on the Rise
As a company that deals with fancy color natural diamonds, it is our pleasure to note that color diamonds are the hottest objects at auction market right now. The most prominent example was in November 2010, when Sotheby’s Geneva set a world auction record for any diamond and any jewel, with the sale of the 24.78-Ct. Graff Pink for $46.15 million.
“I do not remember the market for colored diamonds to have ever been as strong as it is today,” said David Bennett, chairman of Sotheby’s Jewelry Department for Europe and the Middle East.
In recent years we have seen a rise in popularity and the prices of fancy color diamonds at auctions, especially Red, Blue and Pink colors, due to their rarity. Diamond lovers have discovered that besides their beauty they seem to be a great long term investment.
Two other recent auctions of fancy diamonds have raised the bar again in terms of prices. Last month a unique 3.18 Ct., Marquise shape, natural fancy vivid blue diamond and flawless in clarity was sold for an amazing $3.2million by Sotheby’s. The diamond was set in a unique flower shaped ring.
Last week, a 10.99 Ct. Emerald shape, natural fancy pink diamond and VS1 in clarity, was auctioned by Sotheby’s Geneva at the amazing price of $10.9 million.The stone, the size of a SIM card, was privately owned, and had not been seen on the market for more than 30 years.
The 3.18 Carat fancy vivid diamond that was sold last month by Sotheby’s.