‘Winston Legacy’ Sells for Record $26.7 Million at Christie’s in Geneva

Christie’s in Geneva saw a record broken when a D color, flawless, 101.73-carat diamond was bought for $26.7 million, or $254,400 per carat, a new world record at auction for a colorless diamond.
 
Renamed the “Winston Legacy” after its new owner Harry Winston, the diamond was part of the Magnificent Jewels sale which geneated proceeds of $102.14 million. The auction was 86 percent sold by lot and 93 percent by value, the highest result ever for a various-owner jewelry auction at Christie’s.
 
“Harry Winston acquired the most perfect diamond ever offered for sale at auction, the ‘Winston Legacy’, continuing the tradition of buying and selling only the very best, a trait of the founder Mr. Winston himself,” said Rahul Kadakia, head of Jewellery, Christie's Switzerland and Americas.
 
“World record prices were set for diamonds, pearls and sapphires, thereby firmly establishing the international appetite for the most beautiful gems and jewels in a record-breaking $102 million auction at Christie's Geneva."
 
A total of 20 lots sold for a price exceeding $1 million, with 147 buyers coming from 31 countries across five continents.
 
‘The Star of Kashmir,’ a cushion-shaped Kashmir sapphire of 19.88 carats, sold for a world auction record per carat for a sapphire at $175,202 per carat for a total of $3.48 million.
 
Another record breaker was a fancy red, VS2 diamond ring of 1.92 carats sold for $3.25 million ($1.6 per carat), which sold for a world auction record price for a red diamond.