Red diamond sells for $2.1M, sets auction record

Red diamond sells for $2.1M, sets auction record
By National Jeweler

This 3.15-carat reddish-orange diamond set two world records when it sold for $2.1 million, or more than $600,000 a carat, at Christie’s New York on Monday.

New York--Christie’s New York saved one of the best for last on Monday. The final lot of the fall auction season, a 3.15-carat fancy reddish-orange diamond, sold for $2.1 million, setting new world records for both a reddish-orange diamond at auction and the price-per carat for that particular hue at $666,200.

A member of the U.S. trade purchased the circular-cut stone, paying nearly double its high pre-sale estimate of $1.2 million.

While it was record-setting, the red diamond was not the top lot of the day.

Christie’s sale of Magnificent Jewels saw diamantaire Laurence Graff pay $8.4 million for a 50.01-carat, D potentially flawless diamond ring (pictured below). It is the third time the famed diamantaire has purchased this particular ring.