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29-Carat Diamond Sells for $2.12M to Set Online Auction Record

It drew bidders from 27 countries and five continents.

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Christie's diamond This nearly 29-carat diamond sold for $2.12 million in a Christie’s auction.

NEW YORK – A 28.86-carat D-color diamond sold for $2.12 million via Christie’s, setting a record for a jewel sold in an online auction.

The auction house’s Jewels Online ran June 16-30, with sales totaling $4.16 million. It drew bidders from 27 countries and five continents.

“The spectacular 28.86 carat D color diamond received immediate attention upon its announcement,” said Rahul Kadakia, international head of jewelry at Christie’s. “The stone possesses a transparency and purity which can only be found in the world’s finest diamonds. The sale of this exceptional stone established the record for a jewel sold in an online-only auction, demonstrating greater client confidence in Christie’s digital ability and online sale platform. We now look forward to the beginning of our live auction season for jewelry spanning all major Christie’s global sale sites led by a US$8m Fancy Intense Blue IF Diamond of 12.11 carats offered in Hong Kong on July 9.”

The diamond received 31 bids from four countries. Estimated at $1 million to $2 million, it was the highest valued lot ever offered in a Christie’s online sale.

Christie’s Jewels sales calendar for July 2020 includes live and online auctions in Geneva, Hong Kong, London, New York and Paris. The global sales will collectively feature over 1,000 jewels, including colorless diamonds, colored diamonds and rare gemstones, along with signed creations by Belperron, Bulgari, Cartier, Graff, Harry Winston, JAR, Tiffany & Co., Van Cleef & Arpels and Verdura, with estimates ranging from $5,000 to $8 million.

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at [email protected].

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