Appetite for jewels remains strong

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A D colour, internally flawless 52.58 carat Golconda diamond ring was the top lot in the final jewellery sale of the year at Christie’s New York on December 10, fetching $10.9 million – comfortably within its estimated price range of $9.5 – 12.5 million.

“2013 has proven to be a record-breaking year for jewellery auctions globally,” said Rahul Kadakia, head of jewellery for Christie’s Americas and Switzerland. “Beginning with the historic sale of the Princie Diamond in New York in April to The Orange in Geneva this November, collectors worldwide paid record prices to acquire the rarest and finest gemstones that appeared on the auction block.”

The diamond ring was just one of 500 lots in the day-long auction at Christie’s Rockerfeller Center, which featured important coloured and colourless diamonds, rare gemstones, signed jewels and natural pearls. The auction achieved a total of $65.8 million.