TIFFANY BLUE DIAMOND RING RAKES IN $1.6 MILLION AT AUCTION

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.

Tags: Diamonds News, Jewelry News, Diamond Jewelry News