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At the most recent jewellery auction at Christie’s in New York, a pink diamond ring was the star of the show, comfortably surpassing its pre-sale estimate. | Source: Pixelrz & Christie's

Passion for pink diamonds on show in New York

Posted June 17, 2024 | By Samuel Ord

At the most recent jewellery auction at Christie’s in New York, a pink diamond ring was the star of the show, comfortably surpassing its pre-sale estimate.

Known as the Eden Rose, the ring features a 10-carat fancy intense pink diamond surrounded by eight pear-shaped brilliant-cut diamonds and two additional marquise brilliant-cut stones.

The pre-sale estimate at the 11 June Magnificent Jewels sale was $USD9 million ($AUD13.59 milion).; however, the piece was sold for $USD13.3 million ($AUD20.08 million).

The auction generated $USD44.4 million ($AUD67.03 million), with 90 per cent of items finding buyers. Rahul Kadakia, international head of jewellery, said it was a pleasing outcome.

“Collectors participated actively in all areas of the sale, paying strong prices for rare coloured gemstones and natural pearls in particular,” he said.

Other items of note included a necklace featuring a cushion-modified brilliant-cut, 84-carat, fancy, intense yellow diamond that was sold for $USD 2.2 million ($AUD3.32 million).

Set in a ring, a heart-modified brilliant-cut, 2.28-carat, fancy vivid blue diamond surrounded by yellow and white diamonds was sold for $USD2.1 million ($AUD3.17 million).

Buyers also paid attention to jewellery from designers such as Bulgari, Cartier, Tiffany & Co., and Van Cleef & Arpels.

The Eden Rose ring, featuring a 10-carat fancy intense pink diamond surrounded by eight pear-shaped brilliant-cut diamonds and two additional marquise brilliant-cut stones.