No Golconda Blue, but Christie’s still Raises $72m

Golconda Blue diamond

Christie’s Geneva sold 100 per cent of lots at its Magnificent Jewels yesterday (14 May) and raised $72.3m – despite the withdrawal of the sale’s main attraction, the 23.24-carat Golconda Blue.

It carried a $35m to $50m estimate and would have been the largest fancy vivid blue diamond ever offered at auction. But consignors pulled the gem with less than three weeks’ notice, saying it would be sold a family member instead.

The new top lot was another blue, an emerald-cut 6.24-carat fancy deep blue diamond (pictured) that was sold to London-based Moussaieff Jewellers for $12.7m. Christie’s said it set an auction record price per carat for a deep blue jewel.

A fancy, vivid blue oval-shaped diamond ring of 3.68 carats set by Graff, sold for $5.8m to Lawrence Graff.

And a private collection of 21 pieces by JAR (Joel Arthur Rosenthal) sold for $7.1m, with a diamond necklace selling for $2.8m, almost five times its pre-sale estimate.

Christie’s said the auction raised $72.3m, with 77 per cent of the 115 lots selling above their high estimate. By comparison, last year’s Magnificent Jewels auction raised $54.2m.

Source: IDEX

The Golconda Blue: The Largest Fancy Vivid Blue Diamond Ever Seen at Auction

Christie’s is preparing to showcase something truly extraordinary

Christie’s is preparing to showcase something truly extraordinary — The Golconda Blue, a 23.24 carat Fancy Vivid Blue diamond, set to headline the Magnificent Jewels auction in Geneva on 14 May. Held at the Four Seasons Hotel des Bergues, this remarkable stone carries an estimate of between $35 million and $50 million.

Mounted in a ring designed by the legendary JAR, The Golconda Blue is not only the largest Fancy Vivid Blue diamond ever offered at auction — it’s also one of the rarest and most historically significant diamonds in existence.

Its journey through history is as dazzling as the stone itself. Originally owned by Yeshwant Rao Holkar, the Maharaja of Indore — a prominent patron of art and fine jewellery in the 1920s and 1930s — the diamond was first set into a bracelet by Chaumet in 1923. A decade later, Mauboussin transformed it into a necklace worn by the Maharani, immortalised in a striking portrait by Bernard Boutet de Monvel.

In 1947, the diamond was acquired by none other than Harry Winston, who later sold it as a brooch to the Maharaja of Baroda. After years of being held privately, The Golconda Blue is now returning to the public eye for the first time in decades.

Rahul Kadakia, Christie’s international head of jewellery, called it “a once-in-a-lifetime opportunity,” noting the auction house’s long history with legendary Golconda diamonds such as the Archduke Joseph, the Princie, and the Wittelsbach.

The term Golconda itself refers to the legendary diamond mines of Eastern India, famous for producing some of the world’s most luminous, transparent, and pure gems. Among them are historic stones like the Koh-i-Noor, the Hope Diamond, and the Darya-i-Nur — and now, The Golconda Blue joins this rarefied list.

This sale is not just about a diamond. It’s about history, heritage, and the timeless allure of one of nature’s most breathtaking creations.

Rapper Drake’s Heavyweight Diamond Necklace

This is the latest heavyweight jewelry extravaganza from Canadian rapper Drake - a necklace fashioned from 6lbs of gold and 250 carats of flawless colored diamonds.

This is the latest heavyweight jewelry extravaganza from Canadian rapper Drake – a necklace fashioned from 6lbs of gold and 250 carats of flawless colored diamonds.

It depicts his alter ego, a cartoon character called Anita Max Wynn who he introduced to fans in 2023.

The piece was commissioned from celebrity jeweler Jason of Beverly Hills for an undisclosed price.

The pendant, a likeness of Anita Max Wynn, shows a girl sporting a blonde bob haircut, rosy cheeks and large spectacles. It is set with white, blue, green and pink diamonds.

A graphic on the reverse shows concert venues on Drake’s upcoming tour, together with a secret panel revealing a 3D skyline recreation of Toronto, his home town.

Drake is known for his extravagant and expensive jewelry collection, including a chain featuring 2,100 VVS diamonds totaling 74.9 carats, his Owl Chain, made of 1kg of gold and over 100 carats of Asscher cut diamonds and the $12.5m Previous Engagements necklace with 42 stones representing 42 potential engagements (total 351.38 carats).

Drake, aged 38 – real name Aubrey Drake Graham – showed off the necklace on Instagram ahead of a tour of Australia and New Zealand next month.

Source: IDEX