The fair culminated today but was not able to garner a good response. Decrease in number of visitors, cutback in jewellery buying from Indian buyers and close proximity of dates of Mumbai Signature and Hong Kong Show dampened the spirits.
The Christie's New York Jewels auction generated sales worth $11,367,875. Reports say, that the sale was 91 percent sold by lot and 86 percent sold by value. An anonymous bidder bought the top lot - a 6.29-carat, pear-shaped internally flawless, fancy intense blue diamond, for $3,554,500. The piece was carrying a presale estimate of $3.3 million to $5.5 million. %% A 46.72-carat, modified rectangular-cut, SI1, fancy yellow diamond featured amongst the top 10 lots, and sold for $602,500, within its presale estimate of $500,000 to $700,000. Another amongst the top 10 lots was a 10.01-carat, pear-shaped F diamond, which topped the Christie's presale estimate of $200,000 to $300,000. It was bought by a private buyer from the U.S. for $458,500. %% The sale took place on June 11, 2009, and indicated that the markets are looking up.
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