116-carat Diamond Necklace Sells for $6.3m

By John Jeffay / August 04, 2020 / www.idexonline.com / Article Link

(IDEX Online) - Christie's has sold a pendant necklace with a 116-carat diamond for $6,290,500 in its first "live" auction in New York since coronavirus.The pear-shaped brilliant-cut diamond (pictured) is 115.83 carats, F color, VVS1 clarity and the platinum necklace includes more than 50 other diamonds, of up to 5.50 carats. The price was shy of its $7m high estimate.The auction house said its Magnificent Jewels, on 29 July, realized a total of $28,142,500  with 87% sold by value and 83% sold by lot. It attracted clients from 34 countries.Another highlight was a fancy intense blue diamond ring  - pear-modified brilliant-cut, natural color, IF, type IIb. It sold for $3,855,000, against a high estimate of $5m.The sale took place in real time at Christie's Rockefeller Center headquarters, but all bids were by phone or online, rather than in-room as a social distancing precaution.

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