The royal pedigreed Farnese Blue as well as two jumbo size D
flawless stones all zoomed past their estimates at Sotheby’s May
15 auction in Geneva, showing that life remains in the high end gem
market.
The 6.16 ct. Farnese Blue nabbed $6.7 million ($1.09 million per
ct.), a substantial improvement over its $3.6 million $5.2 million
estimate. Its buyer was anonymous.
The pear shape blue gray Farnese’s price was undoubtedly boosted by
its unique heritage: Originally given to Elisabeth Farnese, Queen of
Spain, as a wedding present in 1715, it passed through four royal
families, although its existence was a closely guarded secret until
recently. The gem (pictured, below) is believed to have originated from
India’s historic Golconda diamond mine, one of the world’s first gem
producers and the source of the Hope and Wittelsbach diamonds.
Daniela Mascetti, senior director and deputy chairman of jewelry
at Sotheby’s Europe, said in a statement: “The Farnese Blue is quite
simply an unforgettable diamond, and everyone who set their eyes on it
was mesmerized by its extraordinary color the rich blue of the deepest
ocean.”
Also doing well were two Botswana mined D flawless type IIa diamonds
a 51.71 ct. round (below, left) and a 50.39 ct. oval (below, right).
Both topped their estimates as well as the price fetched by the Farnese
Blue. The round sold for $9.3 million ($178,918 per ct.), and the oval
fetched $8.1 million ($161,219 per ct.).
If all that weren’t enough, two purplish pink diamonds set auction
records. A 9.7 ct. fancy light purplish pink (below, left) fetched $2.5
million ($267,290 per ct.), setting a new record price for a fancy
light purplish pink as well as a new record price per ct. A 2.63 ct.
fancy vivid purplish pink (below, right) fetched $2.4 million ($917,443
per ct.), which is a new record price for a fancy vivid purplish pink.
All in all, the auction set five world records and sold 80 percent of
its lots, with 70 percent of the lots selling above their high
estimates.
Top: Caroline Lang, chairman of Sotheby’s Switzerland, auctioning the Farnese Blue (all photos courtesy of Sotheby’s).
Source: DCLA