The Jewelry Insider

June 5, 2009

Christie’s announced that their highly anticipated New York Jewels sale will be led by no less than
four blue diamonds. These rare colored gems have become the hottest item in auction circles after the historic Wittelsbach blue diamond set the record for the most expensive jewel ever sold at $24.3 million back in December 2008.

Natural blue diamonds are among the rarest of colored diamonds, their color coming from the presence of minute amounts of the boron that settle in the stone during crystallization – a process occurring no less than 100 million years ago.

Two of the blue diamond styles featured in the sale include a superb fancy intense blue pear-shaped internally flawless diamond of 6.29 carats estimated at $3.3 – $5.5 million, and a spectacular colored diamond pendant necklace that suspends two fancy intense blue pear-shaped rose-cut diamonds of 5.01 and 2.03 carats each (estimate on request).

But for those who would rather not drop millions, there are many other stunning color stone offerings to be had, including a pair of emerald and diamond earrings by Cartier (estimate: $250,000-350,000) and a cushion-cut sapphire of 25.70 carats by Harry Winston (estimate: $25,000-35,000).

Perhaps the most exciting piece is an elegant emerald and diamond ring designed by Joel Arthur Rosenthal (JAR), who is regarded as one of the world’s most influential contemporary jewelry designers. The ring is set with a sugarloaf cabochon emerald of 16.27 carats and is estimated at $200,00 – $300,000.

Angelina Jolie, get your paddle hand ready.

While most of us won’t be bidding on the baubles on June 11th, there are many colored diamond styles out there in price points we mere mortals can afford – from black and brown to yellow and pink. And the news coming out of the JCK Vegas Jewelry Show tells us that colored gems are all the rage for summer and fall.

Be sure to register for the monthly newsletter to find out more about the color craze and all the other new trends emerging in the market! It’s the inside scoop you won’t get anywhere

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