The largest fancy-vivid orange diamond known to exist sold for 32.6 million Swiss francs ($36 million) at Christie’s International in Geneva.
The 14.82-carat pear-shaped stone’s price including fees was about $2.4 million per carat. The announcement came from Christie’s last night. The price is a per-carat record for any coloured diamond at a public sale. The gem also set a record for an orange diamond of its type.
‘The Orange’, the largest fancy vivid orange diamond in the world. The VS1 clarity pear-shaped diamond of 14.82 carats was estimated at $17 million to $20 million in a Geneva auction. It sold for 32.6 million Swiss francs, or about $36 million, a record for an orange diamond.
‘Fire diamonds’ is another term used for Vivid Orange diamonds. They are extremely rare in nature. Because of the rareness, very few have been found and graded. Therefore the colour grading has become somewhat of an unknown. It is difficult to know where does it begin and end on the colour spectrum? The GIA (Gemological Institute of America) graded this stone and commented that rarely in a stone of this size is such a saturation of colour seen. It is more usual for a stone of this size to hue towards yellow tones rather than deep orange colour saturation.
The auction of this stone breaks the record for a fancy vivid orange diamond to be placed into an auction. In the past, only stones below six carats have been auctioned. This is why it is brought to market has caused such a stir amongst diamond collectors across the world.
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