Christie’s Magnificent Jewels auction in Geneva made headlines on Wednesday, held at the Hotel des Bergues.
All 115 lots offered at the sale were sold, making it a rare “white glove” auction. In the world of high-end jewelry auctions, this is an uncommon event. The sale brought in more than $72.3 million in total. Out of the 115 lots, 77 sold for more than their high estimates—another impressive result.
The most valuable item was a ring featuring a 6.24-carat fancy deep blue diamond. It was sold for over $12.7 million after five minutes of intense bidding. The diamond has a VVS2 clarity grade and is considered potentially flawless. It sold for more than $2 million per carat, setting a new auction record for a deep blue diamond.
The buyer of the diamond also drew attention. The stone was purchased by Moussaieff Jewellers, a luxury, family-owned jewelry house based in London. The firm is known for serving Middle Eastern royalty, high-profile politicians, international celebrities, and wealthy clients from Israel. Moussaieff is famous for buying rare and exceptional gems at auction.
Among its collection are two of the world’s most remarkable diamonds—the 6.04-carat flawless Moussaieff Blue Diamond and the 5.11-carat Moussaieff Red Diamond, which is the largest known red diamond in the world.
Alisa Moussaieff, co-founder of the company, said the newly acquired blue diamond is a strong addition to their private collection.
“Moussaieff is delighted to have purchased the most exceptional blue diamond which has come to the market in recent times,” she said. “The stone deserved to make a world record price, and it now ranks amongst the finest diamonds in the Moussaieff private collection. We believe that the value of this gem will endure given its rarity and beauty. To purchase such an exquisite gem is something we are very proud of.”
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