Christie’s Holds 2 Sales Despite Cyberattack

Geneva Christie’s went ahead with two of its Geneva auctions, one for jewelry and one for watches, despite the fact that its website has been down since late last week following a cyberattack.

“The Yellow Rose” diamond, pictured above, was the top lot in its “Magnificent Jewels” sale in Geneva.

The 202 ct. Yellow Rose diamond sold for $6.7 million at Christie’s Magnificent Jewels sale in Geneva on Wednesday.

On Tuesday, a smaller but historically significant yellow diamond the 101.29 ct. fancy vivid Allnatt was pulled from Sotheby’s Magnificent Jewels auction at the last minute, despite carrying a $6.1 million to $7 million estimate.

6.70 ct Zimmi Yellow Diamond could Fetch $700,000

Zimmi Yellow Diamond

A rare 6.70-carat VS1 natural fancy deep yellow diamond from the famous Zimmi mine, in Sierra Leone, could fetch as much as $705,000 at auction.

Canary yellow diamonds from Zimmi can command double the price of other fancy yellows because of their uniquely high color saturation levels. Yellow Zimmi stones over five carats are extremely rare.

This gem will lead the Tiancheng International Jewellery and Jadeite Autumn Auction 2020 in Hong Kong on 28 November.

Also at the sale is a pair of Zimmi natural fancy deep yellow diamond earrings 3.03 carat and 3.01 carat with an estimate of up to $320,000.

The Zimmi mine is in the heart of the rainforest region of Sierra Leone where the Mano river marks the border with Liberia.

Yellow diamonds occur when a single nitrogen atom replaces a carbon atom, absorbing the violet and blue light.

Source: IDEX Online