Friday, April 26, 2013

Christie's Auction Sets Records

The Princie Diamond

The Princie Diamond - sold at auction by Christie's

A pink diamond owned for nearly three centuries by Indian royalty has set a new auction record at Christies. The so-called Princie Diamond brought a top bid of $39.3 million Wednesday in New York City - roughly $1.1million per carat - greatly surpassing the previous house record of $24.3 million set in December 2008 with the sale of the Wittelsbach Diamond. The stone was not the only record-setter at the auction. The sale itself realized a combined total of more than $81.35 million, "marking the highest various owner jewelry sale total in the United States," according to Christie's.

-via INSTORE magazine

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