Sotheby’s Sells 8.41Ct IF Fancy Vivid Purple-Pink For Record $17.8M

(IDEX Online News) – Sotheby’s announced a world auction record for a fancy vivid pink diamond with the sale of an 8.41-carat Internally Flawless Fancy Vivid Purple-Pink Diamond for $17.77 million at a Magnificent Jewels and Jadeite Sale in Hong Kong on Tuesday. The pre-sale estimate was $13 million to $15.5 million.

Sotheby’s also said it achieved a world auction record price per carat for any sapphire at $236,404 per carat with the sale of a 17.16-carat Kashmir sapphire and diamond ring for $4.06 million.

The entire sale raised $75 million.

Quek Chin Yeow, Deputy Chairman and Head of Jewellery Department, Sotheby’s Asia, said, “Tonight we were thrilled to achieve consecutive per-carat price records for Kashmir sapphire first with the Cartier sapphire ring at $193,975 per carat then again with a sapphire and diamond ring at $236,404 per carat.

"The top lot of the night, a vivid purple-pink diamond ring mounted by Sotheby’s Diamonds, attracted keen competition before fetching a wonderful price and setting a world auction record for a fancy vivid pink diamond. Also notable is a very fine icy multi-colored jadeite ‘Guan Yin’ ornament and figures among the top 10 lots of the sale. The highly anticipated Ballerina Butterfly brooch co-designed by Cindy Chao and Sarah Jessica Parker to benefit the New York City Ballet achieved HK$9.4 million.”