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8.77-carat intense pink diamond, with a pre-sale estimate of between $5.5 million and $6.5 million. (Photo Credit: Christie's)


3.81-carat vivid blue diamond ring, with a pre-sale estimate of between $2.5 million and $3.5 million. (Photo Credit: Christie's)


The sapphire, colored diamond and diamond Argentine flag brooch, by Van Cleef & Arpels, which formerly belonged to Eva Peron.
  8.77-carat intense pink diamond headlines Christie's New York sale in October


September 16, 2013


A trio of colored diamonds will go on the block at Christie's Magnificent Jewels sale in New York on October 15, with the star of the show likely to be a rectangular-cut fancy intense pink diamond ring of 8.77 carats, which has a pre-sale estimate of between $5.5 million and $6.5 million.

The other two featured colored diamonds in the sale are a cushion-cut fancy vivid blue diamond ring of 3.81 carats, with a pre-sale estimate of between $2.5 million and $3.5 million, and a square-cut fancy vivid yellow diamond ring of 5.13 carats, which is expected to bring in between $200,000 and $300,000.

The two-session sale at Christie's Rockefeller Center saleroom comprises 400 lots, and is expected to achieve in excess of $40 million.

Rahul Kadakia, head of Jewelry for Christie's Americas and Switzerland, was upbeat about the prospects for the collection of fancy colored diamonds on sale, especially in light of what happened earlier in the year. "It was an unprecedented season for Christie's this spring, having achieved three world record breaking diamond sales in New York, Geneva and Hong Kong," he said.

At Christie's spring sale in New York this past march, the Princie Diamond, a 34.65-carat fancy intense pink cushion-cut gemstone, sold for more than $39.3 million. It set a new record for any jewel sold at Christie's, surpassing the previous house record of $24.3 million set in December 2008 with the sale of the Wittelsbach Diamond.

Another item that is likely to draw interest is a historic "mystery-set" sapphire, colored diamond and white diamond Argentine flag brooch, by Van Cleef & Arpels, which formerly was the property of the Argentine first lady, Eva Peron. It features two sections of blue sapphires, bordering a white diamond center section, enhanced by a single and old European-cut yellow diamond. It has a pre-sale estimate of $400,000 to $500,000.

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