Leibish Buys 16 Diamonds at 2020 Argyle Pink Diamonds Tender

Phillips’ New York Jewels auction, held on December 9, brought some strong results for diamond jewellery. The sale was led by a Tiffany & Co. Fancy Intense blue diamond and platinum ring which was sold for $1.64 million, beating its low pre-sale estimate of $1.5 million.
The 3.02-carat diamond is a fancy intense, cut-cornered square modified brilliant-cut gem. Phillips previously said that Tiffany has re-cut the diamond to its highest quality, and that the mounted blue diamond has “optimum brilliance, fire and scintillation”.
The sale, which brought in a total of $5.4 million, included some other notable lots: A stunning necklace made of diamonds and gold, featuring a pear modified brilliant-cut fancy blue-gray diamond weighing 3.01 carats and round brilliant-cut and fancy-shaped colored diamonds, was sold for $500,000, beating its high pre-sale estimate of $450,000. A cut-cornered square step-cut fancy intense yellow diamond weighing 16.23 carats went for $275,000. Another notable lot – a diamond ring by Harry Winston, featuring an emerald-cut diamond weighing 11.34 carats and triangle-shaped diamonds totaling 1.45 carats – was estimated to sell for $500,000-$800,000, but failed to find a buyer.