Murphey the Jeweler Blog

Murphey the Jeweler Blog
May 30th, 2019
An internally flawless bubble gum pink diamond weighing 3.44 carats was the colorful star of Christie's Hong Kong auction on Tuesday as it sold for $7.5 million, or $2.2 million per carat.



The cushion modified brilliant-cut diamond — aptly dubbed "The Bubble Gum Pink" — is set in a ring by luxury jeweler Moussaieff. The fancy vivid purplish-pink diamond is framed by small pear-shaped pink diamonds on the corners and larger marquise-cut white diamonds on the sides.

Celebrated for its superb color, The Bubble Gum Pink was classified by Christie's Chairman Francois Curiel as "probably the strongest pink I have ever seen in my 50-year life of jewelry specialty at Christie’s."

The hammer price for the auction's top lot was on the high end of Christie's pre-sale estimate of $6 million to $8 million.

Other top lots at the Magnificent Jewels event include the following:



• A pair of emerald earrings called The Grand Muzos fetched $4.5 million. The Colombian-sourced emeralds weigh 23.34 carats and 23.18 carats, respectively, and are accented by white diamonds and pearls. Each of the diamonds weighs exactly 3.01 carats and share identical F-color and VS2 clarity gradings. Christie's had estimated the pair would sell in the range of $3.8 million to $6.5 million.



• A necklace featuring 47 jadeite beads ranging in size from 9.8mm to 13.3mm and accented with a ruby and diamond clasp yielded $1.9 million, slightly below the pre-sale estimate of $2 million to $3 million. The necklace measures 22.24 inches (56.5cm) in length.



• An elaborate diamond necklace by Bulgari — highlighted by a rare 1.02-carat vivid green-blue modified brilliant-cut diamond and a modified pear brilliant-cut diamond of 11.69 carats — sold for $1.57 million. The large center diamond is internally flawless. The hammer price was just below the pre-sale estimate, which Christie's set at $1.6 million to $2.3 million.

The Christie's Magnificent Jewels sale in Hong Kong presented more than 260 lots and netted $44.4 million.

Credits: Images courtesy of Christie's.