3.12.09

CHRISTIE'S, HONG KONG, SELLS VIVID PINK DIAMOND FOR $10.8 MILLION


THE VIVID PINK, A FIVE CARAT POTENTIALLY FLAWLESS PINK DIAMOND, GARNERED $10.8 MILLION, OR A RECORD $2.1 MILLION PER CARAT, AT AUCTION THIS WEEK AT CHRISTIE'S HONK KONG. THE LARGEST FANCY VIVID PINK DIAMOND EVER OFFERED FOR SALE AT AUCTION WAS THE TOP LOT AT CHRISTIE'S FALL 2009 SALE OF MAGNIFICENT JEWELS, WHICH ENDED LAST NIGHT AND FETCHED A TOTAL OF $48 MILLION WITH 89% SOLD BY LOT AND 92% SOLD BY VALUE. 'THE VIVID PINK WAS THE GLITTERING STAR OF CHRISTIE'S HONG KONG, WHERE RECORD PRICES WERE ACHIEVED ACROSS ALL CATEGORIES THROUGHOUT THE WEEK. $2.1 MILLION PER CARAT IS BY FAR THE HIGHEST PRICE ACHIEVED FOR ANY DIAMOND WORLDWIDE', SAID A SPOKESPERSON FOR CHRISTIE'S THE STUNNING GEM, SET BY LONDON-BASED LUXURY JEWELER GRAFF DIAMONDS, WAS SOLD TO AN UNIDENTIFIED ASIAN BUYER. TEH PREVIOUS PER-CARAT RECORD FOR A DIAMOND WAS SET AT SOTHEBY'S IN GENEVA ON 12.MAY, WHEN HONG KONG BILLIONAIRE REAL INVESTOR JOSEPH LAU SCOOPED UP A 7.03 CARAT INTERNALLY FLAWLESS FANCY VIVID BLUE THAT HE NAMED THE STAR OF JOSEPHINE FOR $9.48 MILLION.

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