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A pair of earrings featuring two fancy colour yellow diamonds commanded an impressive return at Christie’s most recent auction in Hong Kong.
Known as the Oriental Sunrise, the set contains two oval mixed-cut fancy vivid orange-yellow diamonds weighing 12.2 and 11.9 carats. At the 29 October auction, the set returned $USD8 million ($AUD12.11 million).
Many items featured at the Magnificent Jewels sale exceeded presale estimates, including a pair of jadeite and diamond earrings and a diamond and ruby pendant necklace.
With that said, a fancy colour diamond expected to lead the auction was “withdrawn due to a strategic decision”, according to reporting by Rapaport News.
A Cartier ring with a marquise brilliant-cut, 4.39-carat, fancy vivid blue diamond returned $USD3 million ($AUD4.54 million), falling short of its estimate.
Fancy colour diamonds will return to the auction block at the Magnificent Jewels hosted by Sotheby’s in Geneva on 13 November.
The auction will feature a 1.44-carat fancy red diamond set in a ring, entering the sale with a presale estimate of $USD2.1 million ($AUD3.18 million). A 16-carat very light pink diamond set in a pendant will enter the auction with the same estimate.
At the same event, a 31-carat fancy vivid yellow diamond set in a ring is expected to return $USD1.6 million ($AUD2.42 million).
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