RECORD-SETTING BAUBLE: A rare pink diamond has sold for more than $46.1 million at Sotheby’s Geneva, breaking a world record for a jewel sold at auction The 24.78-karat diamond was purchased by Patti Wong, Sotheby’s chairman in Asia, on behalf of British diamond dealer Laurence Graff. “It is the most fabulous diamond I’ve seen,” Graff said. Four bidders competed for the gem, which had a presale estimated value of $27 million to $38 million.
Sotheby’s in New York on Dec. 9 will auction a “Magnificent Jewels” collection with an estimate of more than $40 million. The auction will begin with a single-owner sale from the estate of William B. Dietrich to benefit a foundation of the same name that funds art restoration and preservation. Highlights of the collection include diamond jewelry from Tiffany, JAR, Harry Winston, Van Cleef & Arpels and Carlo Giuliano. For the first time in 30 years, Sotheby’s will auction a jadeite bead necklace with beads dating from the Chinese Imperial Courts that has an estimated value of $2.2 million.
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