Christie’s achieves record price for jewel sold in online

The impressive stone received bids immediately upon the sale going live on June 16. After a fierce competition of 31 bids, from four countries spanning Asia to America

By Author  |  Published: 4th Jul 2020  2:13 pm

New Delhi: Totalling a sale of $4,164,500, with 100 percent sold by value and 93 percent sold by lot, Christie’s achieves new highs in its recently held Jewels Online Auction (June 16-30).

With results like 140 percent hammer above low estimate and 64 percent of lots selling at or above their high estimate, the overall online sale received significant global participation with bidders represented from 27 countries and 5 continents.

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Additionally, there was an unprecedented amount of online engagement across a global spread of 134 countries with a 70 percent increase of daily visitors to the sale page compared to the online Jewels sale hosted in June 2019.

Estimated at $1-2m, a 28.86 Carat, D Color Diamond was the highest valued lot ever offered in a Christie’s online sale. The impressive stone received bids immediately upon the sale going live on June 16. After a fierce competition of 31 bids, from four countries spanning Asia to America, the exceptional stone sold for $2,115,000, sets the new record for a jewel sold in an online auction.

Rahul Kadakia, International Head of Jewelry at Christie’s, notes, “The spectacular 28.86 carat D color diamond received immediate attention upon its announcement. The stone possesses a transparency and purity which can only be found in the world’s finest diamonds. The sale of this exceptional stone established the record for a jewel sold in an online-only auction, demonstrating greater client confidence in Christie’s digital ability and online sale platform. We now look forward to the beginning of our live auction season for jewelry spanning all major Christie’s global sale sites led by a US$8m Fancy Intense Blue IF Diamond of 12.11 carats offered in Hong Kong on July 9.”