Fancy Vivid Purple-Pink Sells for $1 Million Per Carat

A 10.91 carats pear-shaped fancy intense pinkish- orange diamond ring that fetched $218,000 p/c

(IDEX Online News) - A modified rectangular-cut fancy vivid purple-pink diamond of 6.89 carats was sold for $6,914,500 at Christie’s New York Jewels auction yesterday (Tuesday). The auction total, $22.1 million, brought Christie’s New York jewelry sales total to $131 million for the year the highest total ever for the U.S. jewelry auction market.

The anonymous buyer paid $1 million per carat for the diamond, in what can be described as a sizzling market. Demand for large and fancy color diamonds is pushing prices to record breaking levels.

Recently Christie’s sold a pink diamond for a record-breaking $23.1 million. In November, Sotheby’s sold a 24.78 carat diamond for $46.2 million, setting a world record for an auctioned diamond or jewel.

Other interesting lots sold at Christie’s yesterday include a 10.91 carats pear-shaped fancy intense pinkish-orange diamond ring that fetched $218,000 p/c, a 7.30 carats modified rectangular-cut fancy purple-pink diamond ring by Taffin that sold for $124,000 p/c and a 22.79 carats cushion-cut D / VS2 diamond ring that brought $124,000 p/c.