The Christina Onassis Diamond (38 carats)
This pear-shaped diamond was once owned by Christina Onassis. It sold at International Auction in London for $7.1 million in June, 2008. Auction sold over forty pieces of jewelry owned by the Onassis family at the auction, with sales totaling about $13.5 million.
A model displays a jadeite cabochon and diamond ring with an estimated price of 5.6 to 8 million HK dollars (about 0.7 to 1 million U.S. dollars) during Auction Hong Kong Autumn Auction preview in Hong Kong, Oct. 16, 2006. Auction Hong Kong autumn auction of jadeite jewellery and watches will be staged on Nov. 29-30, 2006 in Hong Kong.
A model displays two diamond rings during Auction Hong Kong Autumn Auction preview in Hong Kong, Oct. 16, 2006. The left one has the estimated price of 6.4 to 9.5 million HK dollars (about 0.8 to 1.2 million U.S. dollars) and the right one 6 to 8 million HK dollars (0.7 to 1 million U.S. dollars).
A model displays 37.52 carat sugarloaf Burmese ruby with an estimated price of 7.8 to 12 million HK dollars (about 1 to 1.5 million U.S. dollars) during Christie's Hong Kong Autumn Auction preview in Hong Kong, Oct. 16, 2006.
A model displays a diamond ring with an estimated price of 2.6 to 3.8 million HK dollars (about 0.3 to 0.5 million U.S. dollars) during Auction Hong Kong Autumn Auction preview in Hong Kong, Oct. 16, 2006.
An Auction employee displays three important diamond rings during a press preview in Geneva, Switzerland, February 12, 2007. A fancy vivid yellow cushion-shaped diamond ring (top) which is estimated to sell 1,000,000-1,500,000 US dollars, a fancy intense purple cushion-shaped pink diamond ring (middle) which is estimated to sell 2,500,000-3,000,000 US dollars and a fancy vivid blue pear-shaped diamond ring (bottom) which is estimated to sell 1,300,000-1,600,000 US dollars.
A fancy vivid yellow cushion-shaped diamond ring, weighing 20.02 carats is presented by a Auction employee during a press preview in Geneva, Switzerland, February 12, 2007. This fancy vivid yellow cushion-shaped diamond ring is estimated to sell 1,000,000-1,500,000 US dollars.
A fancy vivid blue pear-shaped diamond ring weighing 3.45 carats is presented by Auction employee during a press preview in Geneva, Switzerland, February 12, 2007. This fancy vivid blue pear-shaped diamond ring is estimated to sell 1,300,000-1,600,000 US dollars.
Auction sets new record for ruby
On February 15, 2006, this 8.62-carat Burmese ruby set a new world record at Auction St. Moritz, selling for $425,000 per carat. Photo courtesy Auction.
Auction shattered the per carat world record for ruby at their February 15, 2006 auction in St. Moritz. The final hammer price of $3.6 million for the 8.62-carat gemstone yielded a staggering $425,000 per carat, nearly double the previous record of $275,000 per carat set less than a year before. This continues the upward price trend of the past few years for fine quality untreated colored gemstones.
The following description of this record-setting piece is taken from the Christie's auction catalog: Rubies universal appeal seems to lie in their unique red colour, which enjoys favourable connotations across many different cultures. The best stones have high colour intensity. According to Richard W. Hughes [of the AGTA GTC], 'this results from a mixture of the slightly bluish red body colour and the purer red fluorescent emission. It is this red fluorescence which is the key, for it tends to cover up the dark areas of the stone. The best Burmese stones actually glow red and appear as though Mother Nature brushed a broad swath of fluorescent red paint across the face of the stone' (Ruby and Sapphire, 1997, p. 331)…
The present ruby for sale is a truly exceptional gem as it combines the highly sought-after 'pigeon's-blood red' typical of old Burmese material and with a high degree of transparency, which is rather rare in rubies. Their great scarcity is underlined by the fact that most rubies on the market have undergone certain enhancement, such as heating. The 8.62 carats ruby for sale, on the other hand, does not show indications of heating and is a unique stone in all its aspects.
Laurence Graff, a London jeweler, paid $3.6 million for the 8.62-carat gemstone at a Christie's sale that netted $16.7 million. "The price-per-carat was high, but the cut and spread of color is the finest I've ever seen," Graff told one journalist. He said he will call the cushion-cut Burmese ruby the Graff Ruby and may remount it in a new ring for a client. Graff is not a newcomer to the fine ruby market. The long-standing ruby record of years-gone-by was held by a 15.97-carat piece also sold by Graff.
"History was created at Christie’s in St. Moritz" said Eric Valdieu, Head of Jewelry and Vice-President of Christie's Switzerland. "This is the most important sale ever organized by Christie's in St. Moritz and, as with fine and decorative arts, the jewelry market continues to show tremendous strength, especially for diamonds and rare colored stones."
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Whilst the 16 April auction would count an array of atypical shaded gemstones, diamonds and jewelry from eminent American collections counting pieces possessed by the novelist Danielle Steel and a flawless 39.34 carat diamond. The highlights of the preview of the “Auction Rare Jewels and Gemstones: The Eye of a Connoisseur” include a pair of sugarloaf cobachon emerald ear clips, weigh up about 17.38 and 17.39 carats, within a graduated marquise and pear-shaped diamond foliate surround, mounted in platinum and is expected to fetch $800,000 on 16 April.
A 14.23 carat rectangular-cut pink diamond ring with a pre-estimate of $15 million to be sold on 15 April.
A rectangular-cut, D color, absolutely flawless diamond ring of 27.91 carats (top), and its identical copy designed using simulated diamonds, both mounted by Harry Winston, will fetch $3 million on 16 April.
Handful of jewelry that belonged to Christina Onassis would also be available for auction. Onassis is the daughter of Greek shipping tycoon Aristotle Onassis who made efforts to find bliss regardless of her family’s prosperity.
The RĂ©gente, a large historic pearl from the French Crown Jewels, sold recently at Christie's Geneva for $2.5 million. This pearl measures 17.6 x 20.8 x 28.5 mm and weighs approximately 302.68 grains (75.67 carats). Photo by Denis Hayone – Diode SA; courtesy Christie's; used with permission.
Christie's Sets New Auction Records
At the recent Christie's Magnificent Jewels sale in Geneva, Switzerland, several new records were set. Foremost among these was a crown set with 1,000 carats of white and yellow diamonds and pearls. It sold for SFr.7,972,000 (US$6,138,440), the highest price for a piece of jewelry sold this year, as well as the most expensive crown ever sold at auction in the world.
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