Sunday, July 7, 2024

45-Carat Yellow Diamond Pulled from Phillips Auction

New York— A 45.07-carat fancy vivid yellow diamond, estimated to fetch up to $3.5 million, was withdrawn from Phillips’ jewelry auction held in New York on June 12.

Phillips had promoted the unnamed diamond as a highlight of the sale but removed it before the auction began. The auction house provided no further details on the withdrawal.

This follows a similar incident a month earlier when “The Allnatt,” a 101.29-carat fancy vivid yellow diamond estimated to sell for $6.2 million to $7.2 million, was retained by its consignor and did not appear at Sotheby’s auction in Geneva.

Despite the withdrawal, Phillips’ New York auction achieved a total of $2.9 million. Of the 120 lots offered, 93 were sold, resulting in a sale rate of 78 percent by lot and 77 percent by value.

Eva Violante, Phillips’ head of jewels for the Americas, noted global participation in the auction. The highest-grossing items were a 9.81-carat emerald and diamond ring and a pair of diamond earclips, each selling for $165,100.

Related topics:

Alice
Alice
Alice is a seasoned jewelry designer renowned for her exquisite creations that seamlessly blend artistry with elegance. With a passion for craftsmanship and an unwavering commitment to quality, Alice has established herself as a distinguished figure in the world of fine jewelry. Drawing inspiration from diverse cultures and artistic movements, Alice brings a unique perspective to her designs, creating pieces that transcend mere accessories to become timeless works of art. Her meticulous attention to detail and insistence on using only the finest materials ensure that each creation reflects not only her artistic vision but also a commitment to unparalleled craftsmanship. Having honed her skills through years of dedicated practice and a keen understanding of evolving trends, Alice is adept at translating her clients' desires into bespoke, one-of-a-kind pieces. Her portfolio encompasses a range of styles, from classic and timeless to avant-garde and contemporary, showcasing her versatility and ability to cater to a diverse clientele.

Related Articles

Latest Articles