Forbes Article
BY ANTHONY DEMARCO
Published: June 12, 2012

A 22.46-carat rectangular-cut E-color diamond ring by David Webb sold above its estimate for $1.87 million, or $83,500 per carat, at Christie’s New York Important Jewels auction Tuesday. It was one of more than a dozen top-quality diamonds featured in the sale.

A 14.82-carat, pear-shaped E color VVS2 diamond also sold above its estimate for nearly $1.6 million, or $107,500 per carat.

A 15.65-carat circular-cut F color VS1 diamond sold above estimate at more than $1.5 million, or $98,300 per carat.

“Diamonds have been the flavor of the season, with top prices achieved in Geneva, Hong Kong and New York through spring 2012 as seasoned collectors and new economies went head to head for the best,” said Rahul Kadakia, Head of Jewelry, Christie’s Americas.

The jewelry sale at Chrsitie’s New York marked the first of four consecutive days of sales devoted to jewelry, watches, wine and 20th Century design that will be held daily until June 15. Known as “Luxury Week,” more than 1,000 items will be offered with a combined week-long total expected to exceed $23 million. The next auctions are as follows:

* Important Watches, June 13, 10 a.m.

* Important 20th Century Decorative Art and Design, June 14 at 10 a.m.

* A San Francisco Iconoclast: Henry Africa’s Collection of Magnificent Tiffany Lamps, June 14, 10 a.m.

* Fine and Rare Wines, June 15 at 10 a.m.

[Forbes]