When it Comes to Price Per Carat – This Diamond Sets New Records!
While we were paying attention to the New York auction, another diamond set a record-breaking $239,352 price per carat at auction this week in Hong Kong! This round brilliant diamond was originally expected to sell for as much as $5.8 million, but at auction it reached $6.9 million, topping all expectations. Why do diamonds sell for so much in the auction houses? Because diamonds remain one of the world’s most precious products, they have artistic, romantic and financial value, and at these ever-increasing price per carat ranges, you can see they are a terrific investment as well!
How big is a 75 carat diamond? Imagine holding a large egg in your hand. Then imagine being the Diamond Polisher or Master Diamond Cutter who is responsible for removing layer after layer of the rough stone to create a beautifully faceted pear!
I’m just grateful that the world is full of such beautiful things. I’ll keep you posted on what happens in New York!
In most cases, if one wants to see the world’s most magnificent diamonds at auction, one has to travel to Europe or Asia to attend (as I did in October ’12 when I traveled to Geneva for the Archduke Joseph Diamond auction http://jewelryactivist.com/archduke-joseph-diamond-auction/
). But on April 17th, Sotheby’s will offer the most important white diamond ever to appear at auction in the Americas. This 74.79 carat pear-shaped diamond – one of very few pear-shaped diamonds over 70 carats – is a beautiful D color. Sotheby’s is predicting a sale of $9 – $12 million!
The Archduke Joseph Diamond Auction at Christie’s is Almost Here
The most exciting diamond auction in decades – the Archduke Joseph Diamond – is about to take place, and of course I’ll be there. I couldn’t miss it! On November 13 – right after my interview on CNNE – I’ll be catching a flight for Geneva to take part in this historic event.
Christie’s beautifully prepared auction catalog details the history and pedigree of the amazing Archduke Joseph Diamond. It is very well-written and the photography is lush. Here’s a link so you can enjoy it too.
I can’t wait to get there, to see the Archduke Joseph Diamond again, and to share my experiences with you!
Notwithstanding the number of hotel getaway packages, the multitude of bundled bedroom toys and just about anything in every merchandise category that is marketed with reference to Fifty Shades of Grey …I have an unreasonable obsession with all things white. While my husband carefully strategizes how he can suggest some new bold color additions to our bedroom, I am usually busy studying the nuances of the new available shades of white. Perhaps I should clarify that I am really only talking about color …and BTW, white is more than the absence of color.
For those of you that are still with me, you already know that I detest all covert and hidden color enhancements and treatments when it comes to marketing color diamonds and gemstones. That does not mean I don’t like color. I’ve spent many hours mesmerized by the optical properties of Natural Color Diamonds. BUT, OH THE ALLURE OF WHITE! Gilbert Keith Chesterton, a British journalist and novelist, best articulates my feeling: “White is not a mere absence of color; it is a shining and affirmative thing, as fierce as red, as definite as black.”
Sometimes I crave the comfort of a warm white or demand the sophistication of grey museum white. Today I may be in search of some living-room flowers with feelings of creamy antique white, soft white or snow white. Tomorrow, I could be looking for a white-on-white blouse…that will highlight (I mean soften) some of my curves. My obsession with shades of white is endless. Science has taught us that all colors are just waves of light and some colors may not even exist scientifically. So, it is our brains, our eyes and our emotions that all come together with language to enhance our color experience.
It is unfortunate that so many people get pulled into the gemological hype of rarity over beauty…which results in huge investments into colorlessness. Even the tiniest tinges of color (or warm shade of white) will result in the gemological down-grading of a diamond. However, I recently read somewhere (it must have been in “Discover Magazine”) that scientists are studying and searching for people with brain components that allow them to see colors, which the vast majority of us cannot see. We cannot even imagine what they might see in the world!
It is time for all of us to trust our eyes and our unique power of comparison! Any subtle color that attracts you is worthy of being pursued and enjoyed! And remember, any diamond grading certificate prepared by a gemological grading lab, offers only a color-grading opinion based on rarity…not beauty.
Hope you all have a beautiful weekend!