GENEVA (AP) — A 50-carat white diamond has fetched 6.5 million Swiss francs (dollars) at a Christie’s auction of jewelry, with the auctioneer saying an anonymous trader snapped up the rare stone.
The Harry Winston-crafted diamond ring was the top lot Wednesday among hundreds of items at Christie’s spring auction in Geneva. A fancy vivid yellow diamond ring of 20.49 carats brought about $5.5 million — achieving a near record price per carat, the auction house said.
The price for the yellow diamond ring, which included the buyer’s premium, easily eclipsed the expected range for a hammer price of up to $4.5 million.
Rahul Kadakia, head of international jewelry at Christie’s, trumpeted a “monster price” per carat for the yellow diamond.
Most Read Business Stories
- Tacoma's housing market is now the hottest in U.S. — and Seattle knows why
- FAA will move first to approve the Boeing 737 MAX to fly again, possibly within weeks
- SpaceX launches 60 Redmond-built satellites for space-based broadband network
- Top executive at Boeing’s troubled South Carolina plant is out
- CEOs get $800,000 pay raise, leaving workers further behind
Overall, Christie’s auction collected nearly $82 million.