Outstanding 74.79 carat diamond could sell for $9 million to $12 million at Sotheby’s

Sotheby’s will put 400 lots with a total presale estimate of more than $35 million up for sale at its annual spring Magnificent Jewels auction in New York on April 17.

The highlight of the sale may be an exceptional 74.79-carat, D, VVS1, potentially flawless, Type IIA, pear-shaped diamond with a presale estimate of $9 million to $12 million.

The pear-shaped stone will be sold a month before Christie’s sells a pear-shaped D color, Type IIA flawless diamond weighing 101.73 carats in Geneva.

Chairman of North & South America at Sotheby’s International jewelry division Lisa Hubbard said, “This truly exceptional stone exemplifies the strength of the white diamond market over the last decade. It was acquired by the present owner in 2001 for $4.3 million and today we have estimated it conservatively at $120,000 per carat. The stone has universal appeal and we anticipate that it will draw attention from both the diamond industry and discerning private collectors alike.”

Sale highlights will be on display at the Hong Kong Convention & Exhibition Center from April 3 to 7 before returning to New York for exhibition on April 13, together with items from the upcoming Geneva auction of Magnificent Jewels & Noble Jewels.

The highlights include a pair of pink diamond earclips of 5.79 carats and 5.68 carats originally sold by Sotheby's in 1987. They have a presale estimate of $3.5 million to $4.5 million.

Another top item will be a 21.46-carat, D, internally flawless, Type IIA, emerald-cut diamond ring with a presale estimate of $2.5 million to $3.5 million.

Furthermore, six jewels from the Gould family collection bought in the first half of the last century will be on sale. The items include a 22.48-carat emerald and diamond brooch, a 15.23-carat emerald and diamond ring, and a 31.34-carat sapphire and diamond ring.