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Thursday, May 15, 2014

Sotheby's Holds Record $141 Million Jewelry Auction in Geneva / Sets Record for Any Yellow Diamond at $16.3 Million Our Coverage Sponsored by Pacicco & Pacicco

The Graff Vivid Yellow

Pacicco & Pacicco began in 1945 by Alfred M. Pacicco on Canal Street in Manhattan, the Diamond District of the era. From its inception, Pacicco & Pacicco has been a specialist in fine quality diamonds dedicated to a philosophy of honesty and integrity.  In 1948 Pacicco & Pacicco relocated to the Diamond District of today at 29 West 47th Street and is owned and operated by Alfred's son, jeweler Michael Pacicco. Michael brings an unparalleled expertise having benefited from the immersion in this trade of precision from two generations prior. With an illustrious family-run history, Pacicco & Pacicco today uses cutting edge computer-generated technology combined with decades of personal experience to help you make your diamond dreams a reality. Pacicco & Pacicco utilizes incomparable craftsmanship in creating and customizing your bespoke perfect diamond engagement ring. Even before Whom You Know existed, we worked with Michael and we highly recommend celebrating the best moments of your life-you don't have to be engaged to enjoy their diamonds!- with Manhattan's premiere jeweler to be trusted with your dreams: Pacicco & Pacicco.

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Sotheby’s Geneva Sets


The Auction of Magnificent Jewels & Noble Jewels

Totals $141.5 million

Seven Auction Records set, including


The ‘Graff Vivid Yellow’ sells for $16.3 million

Two Diamonds over 100 carats,

Exceptional Gems and Jewels with Important provenance

Attract Buyers from over 30 countries

Geneva, 14 May 2014 – Yesterday in Geneva, Sotheby’s set a world record for a jewellery auction when the sale of Magnificent Jewels and Noble Jewels totaled an outstanding $141,492,079 (est. $92.9/141.5 million). In total, seven auction records were established, including a record for any yellow diamond: the sensational ‘Graff Vivid Yellow’, an exceptional 100.09 carat daffodil yellow diamond ring, sold for $16,347,847. This gem of extraordinary beauty, fire and brilliance is one of the largest fancy vivid yellow diamonds in the world.

Following today’s sale, David Bennett, Chairman of Sotheby’s Switzerland and Chairman of the Jewellery Department for Europe and the Middle East, commented: “100 carats is a magical number when it comes to diamonds. With its exceptional size and a superb daffodil colour, the Graff Vivid Yellow is a truly extraordinary diamond with immense presence. These rare qualities led to the record price achieved tonight. Throughout the day, we witnessed intense bidding from all corners of the globe for exceptional diamonds, gemstones and signed jewels. Once again, fine pieces with important provenance were highly sought after. We were particularly pleased by the excitement surrounding were Suzanne Belperron’s creations, which further confirms her reputation as one of the greatest jewellery designers of the 20th century”.

The ‘Graff Vivid Yellow’

The ‘Graff Vivid Yellow’ eclipsed the previous auction record for any yellow diamond at $12,361,558, established by the Sun-Drop (renamed The Lady Dalal) at Sotheby’s Geneva in November 2011. The ‘Graff Vivid Yellow’ is listed as one of the few rare yellow diamonds greater than 100 carats in Ian Balfour’s reference book Famous Diamonds, published in 2008.

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