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
- Some Pacific Northwest CEOs earn 200 or 400 times what the average employee is paid
- Your password has likely been stolen. Here's what to do about it.
- Amazon announces plans for Spokane warehouse, first Eastern Washington outpost
- More people are buying a home — the biggest financial decision of their lives — sight unseen
- Spotting planes - and people - on a final wander around the Farnborough Air Show
Overall, Christie’s auction collected nearly $82 million.