- Christie’s “Magnificent Jewels” auction, where diamonds from brands like Bulgari and Cartier are expected to sell for millions, is launching today, July 29.
- The auction house is also hosting its “Jewels Online” sale, which is set to last from July 22 to August 7.
- The Magnificent Jewels sale is being led by a 115.83-carat diamond necklace that is expected to sell for between $5 million and $7 million.
- Visit Business Insider’s homepage for more stories.
Diamonds are a girl’s best friend – but so are sapphires, rubies, and emeralds.
And Christie’s knows this – which is why the world-famous auction house is hosting its “Magnificent Jewels” auction on July 29, part of a larger “Jewels Online” sale set to last from July 22 to August 7. Including a selection of over 260 jewels from the likes of Bulgari, Cartier, Harry Winston, and Tiffany & Co., all are expected to sell for big bucks: The auction estimates for each lot range from $10,000 to $7 million, according to a press release.
The “Magnificent Jewels” sale, launching today, is led by a selection of white diamonds – including a 115.83-carat pear-shaped diamond necklace, expected to sell for between $5 million and $7 million. Other diamonds hitting the auction block include a blue 7.16-carat ring (estimated to sell for between $3.5 million and $5 million) and a 33.65-carat yellow diamond ring (estimated to go for $525,000 to $625,000).
But of course, out of the 260 pieces on offer, these three diamonds are just a small selection of the available lots.
Here are 8 of the most expensive pieces expected to sell at Christie's "Magnificent Jewels" auction, listed in order of ascending estimated auction price.
Christie's is set to auction off this 7.65-carat light purplish-pink diamond ring...
Estimated Auction Price: $400,000 to $600,000
... and this 53.48-carat sapphire ring.
Estimated Auction Price: $500,000 to $700,000
An Art Deco sapphire and diamond sautoir (the French term for a long necklace that suspends a pendant of some kind) from Bulgari is also on offer.
Estimated Auction Price: $650,000 to $850,000
Source: Wall Street Journal
So is this D-color 15.20-carat diamond ring.
Estimated Auction Price: $750,000 to $950,000
As previously reported by Business Insider, a D-color classification means that it is one of the clearest diamonds in the world - or, in other words, it's virtually flawless.
Another D-color diamond ring, this one 25.22 carats, is also hitting the auction block.
Estimated Auction Price: $1.5 million to $2.5 million
This jadeite "Sky Tower" necklace, from contemporary high-end jewelry artist Anna Hu, was inspired by the MoMA Expansion Tower at 53 West 53rd Street in New York, according to Forbes.
Estimated Auction Price: $1 million to $1.5 million
Source: Forbes
Christie's is also offering a 7.16-carat blue diamond ring ...
Estimated Auction Price: $3.5 million to $5 million
... and last but certainly not least, a stunningly pricey 115.83-carat F-color diamond necklace.
Estimated Auction Price: $5 million to $7 million