By Derek Moellinger, President of AccessoryRow
November 22, 2013
Christie’s of New York is holding its Magnificent Jewels sale on December 10, 2013. The auction is expected to bring in around $45 million for its 500 pieces in the auction. The star of this auction is a 52.58 carat, D-color, internally flawless Golconda Diamond. The diamond is said to possess a distinct brilliance, and superior luminance and luster. The stone has an octagonal cut, giving it a long rectangular shape.
One of this diamond’s predecessors was sold not long ago at Christie’s, setting a record for the amount of money spent at auction on any Golconda Diamond at 16.9 million Euros. It was not just a world record for the total amount, but also for the amount per carat. The gem was named after its first know owner, the Archduke Joseph from Austria. The buyer, who remained anonymous, bought the stone from Black, Starr, and Frost and it weighed in at 76 carats with a Cushion Cut, completely internally flawless and colorless.
Golconda, which means shepherd’s hills when spelled Golla Konda, is situated in India. It is home to the world famous Golconda Diamond Mines, which are known to produce some of the world’s rarest diamonds with the highest degree of transparency. The mine’s fame in name alone might not ring any bells with those outside the jewelry world, but some of the rare gems that were wrenched from the ground there are quite well know. This is the original resting place of what would become the Hope Diamond. The Regent Diamond and Koh-i-noor also come from this very same location.
With such a storied history of producing flawless diamonds, this mine seems to have thrown out yet another perfect gem in the Golconda Diamond, which is expected to bring between $9.5 and $12.5 million dollars at auction in a couple weeks. This is by no means a record sale, falling around $5 or $6 million short of its brother, but this is a rare chance for collectors to own a perfect stone of this size and cut.
The sale is sure to bring a great deal of attention from jewelry enthusiasts around the world. The diamond is definitely impressive. Even against the 500 other pieces of jewelry set to be auctioned the same day the Golconda Diamond is sure to be the headliner and the big storyline at the end of the auction.