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Sunday, 10 April 2011

Record breaking COLOURED DIAMONDS

Christie's NY will be auctioning this week an impressive number of coloured diamonds of extraordinary value. I was really lucky last friday when I was in NY and they invited me to a private viewing of the auction. I could listen to an explanation of who the prospective buyers are, that I can't resist putting it here: " the multi-million coloured diamonds will probably go to Asia; chinese and indian investors prefer small stones but of the finest quality, while russian and middle eastern investors prefer larger stones with less focus on quality". Funny how the world has changed... only a few years ago, large diamonds were for north americans and small but flawless were for europeans, none were mentioned.
Of all the magnificent diamonds that Christie's will be auctioning, I have chosen two: the "small" 3.25 carat fancy vivid blue diamond, internally flawless that comes at an estimate of $2-3M which would be my favourite. And the "large" 10.05 carat fancy purple-pink SI1 clarity that has an estimate of $10-12M. It will be very interesting to watch the result of the auction!