The $7m Pair of Pink Diamond Earrings

A pair of pear-shaped fancy pink pendant diamond earrings, weighing 11.17 carats and 10.85 carats, are to be sold at Sotheby’s Hong Kong.

The estimate is $5.48m to $7.01m. Both diamonds are GIA-certified as Fancy Pink, Natural Color, VVS1 Clarity.

The pink diamonds are set in platinum and yellow gold suspended from a pear, marquise-shaped and brilliant-cut diamond surmount weighing a total of approximately 6.5-7.5cts, mostly F-H color, average VS-SI clarity.

The lead tomorrow’s Magnificent Jewels I. The sale also includes a Harry Winston diamond fringe necklace with nine pear-shaped diamonds weighing 14.93 to 2.04 carats (estimate $4.46m to $6.37m) and a 5.49-carat fancy intense blue diamond ring (estimate $4.84m to $6.37m).

Source: IDEX

Fancy Pink Diamonds Have Soared 116% in Value over the Past 10 Years

pink diamond appreciation

FANCY PINK DIAMONDS soared 116% in value over the past decade, outpacing blues (81%) and yellows (21%), according to a report by the Fancy Color Research Foundation (FCRF), an Israel-based group that tracks diamond pricing data in the global trading centers of Hong Kong, New York and Tel Aviv.

While the overall index for fancy-color diamonds — across all their brilliant hues — increased by 77% from 2009 to 2019, it was the pink diamond category that stood out in the report.

Market watchers believe that the strength of the pink-diamond segment is attributed to the expected closure this year of the Argyle Diamond Mine, which has been operating in Western Australia for the past 37 years.

“Rio Tinto’s Argyle mine is the first and only ongoing source of rare pink diamonds in history,” said Rio Tinto Copper & Diamonds chief executive Arnaud Soirat in 2019. “With the lifecycle of this extraordinary mine approaching its end, we have seen, and continue to see, unstoppable demand for these truly limited-edition diamonds and strong value appreciation.”

Back in April of 2017, The Pink Star, a 59.6-carat, flawless, fancy vivid pink diamond, shattered the world record for the highest price ever paid for any gem at auction. The hammer price of $71.2 million at Sotheby’s Magnificent Jewels and Jadeite sale in Hong Kong easily surpassed the $57.5 million achieved in May of 2016 by the previous record-holder, the 14.62-carat Oppenheimer Blue diamond.

In November of 2018, the 18.96-carat Pink Legacy was purchased for $50.3 million at Christie’s Geneva, establishing a record per-carat price of $2.7 million for a fancy vivid pink diamond. The previous record holder was the 14.93-carat Pink Promise, which sold at auction for $2.2 million per carat in 2017.

FCRF advisory board member Jim Pounds explained why prices for fancy-color diamonds should remain strong: “From the mining perspective, we are currently experiencing a shortage in high-quality fancy-color rough and we therefore feel quite optimistic about the future.”

Source: instoremag

Phillips to Sell Rare Pink Diamond Collection

Argyle pink diamond earrings.

Rare pink diamonds from Rio Tinto’s Argyle mine in Australia will lead the upcoming Hong Kong Jewels and Jadeite auction at Phillips next month.

The collection comprises 16 jewelry pieces, each incorporating stones from the Argyle deposit, which is the only known source of pink diamonds and is due to close next year. Chief among these will be a ring that can be converted into a pair of ear studs. The piece, which features two heart-shaped, fancy-intense-purplish-pink diamonds, has a presale estimate of HKD 5.8 million to HKD 6.8 million ($739,860 to $867,423).

Other items include a pair of fancy pink diamond, seed pearl and white diamond earrings designed by London-based jeweler Sarah Ho, which is expected to fetch HKD 110,000 to HKD 150,000 ($14,031 to $19,134). A ring by Singapore-based gemologist Paige Parker, featuring pink, yellow and white diamonds, has a presale estimate of HKD 260,000 to HKD 320,000 ($33,166 to $40,820). Another ring by Hong Kong jewelry designer Karen Suen, in which pink and white diamonds are set around a conch pearl, is meanwhile valued at up to HKD 620,000 ($79,087).

Two further items from the collection, also up for auction, feature Columbian Muzo emeralds alongside Argyle pink diamonds. A necklace, expected to garner up to HKD 2.2 million ($280, 640), will go under the hammer alongside a pair of emerald, white and pink diamond pendant earrings with a presale estimate of up to HKD 630,000 ($80,367).

Additional pieces, outside of the pink diamond collection, include a jadeite bead and diamond necklace, which is expected to fetch between HKD 8.5 million and HKD 11 million ($1.1 million to $1.4 million). A rare Van Cleef & Arpels zip necklace, including diamonds, sapphires and lapis lazuli, is expected to net up to HKD 4.5 million ($574,042).

The auction will take place at the JW Marriott in Hong Kong on November 25. It will be preceded by a three-day public exhibition at the same location.