James Allen News Center

Christie`s Hong Kong Auction to Feature 20.70-Carat Diamond

Mon, May 11 2009, 23:53 EST

Christies-selling-20-carat-diamond

Hong Kong – On May 26, 2009, Christie`s Auction House in Hong Kong will hold its annual jewelry sale, a collection of the highest quality diamonds on the market, coloured stones and jadeite jewelry. Among the items for sale is a lot of 56 coloured diamonds, certified as fancy deep, vivid, and intense pink, yellow, blue, and green. At 14.67 carat weight, it is expected to sell for between $1.35 and $1.9 million. However, the biggest enticement for buyers to come is a 20.70 carat. D-Flawless diamond pendant mounted with a 10.07 carat pear-shaped D-Internally Flawless diamond.

The auction features a number of items from designer diamond jeweler Cartier. Included is a diamond engagement ring set with a 14.43-carat pear-shaped, D-Internally Flawless diamond and Cartier diamond pear-shaped drop earrings with weights of 10.03 carats and 10.02 carats, estimated presale value of around $1 million.

Also for sale is an unmounted 15.02 –carat D-Flawless diamond, estimated at about $1.6 million and a 14.99-carat D-Internally Flawless diamond briolette, estimated at approximately $1.5 million.

The Star of Kimberley, a 40.86-carat type Ia light yellow diamond, has a presale estimate of $500,000 to $800,000. This is from the famed diamond mine near the town of Kimberley, South Africa, and is considered a great example of the type of diamonds mined there. It has been cut into a cushion-shaped brilliant, a style that dates back to the 17th Century.

The collection of Jadeite for sale includes an oval double-cabochon ring worth up to $1 million; "peapod" ear pendants worth over $500,000; and a pair of oval cabochon earrings estimated at about $250,000.

Christie`s Auction House is famous for selling only the highest quality items, and draws a wealthy clientele. The House expects a great deal of interest in the 20.70 carat diamond, as diamonds that size seldom exist without internal flaws. That it is mounted with an almost-equally flawless 10.07-carat diamond makes it a one-in-a-lifetime purchase for a lucky collector.