Blue Diamond Fails to Sell at Sotheby's

RAPAPORT A blue diamond estimated at up to $30 million failed to find a buyer at Sotheby's in New York on Tuesday The pear-shaped, 10.62-carat, fancy-vivid-blue, VVS1-clarity diamond had a presale valuation of $20 million to $30 million A collection of Barbara Sinatra's jewels sold out, with a 2060-carat, D-color, VVS1-clarity diamond engagement ring fetching $17 million, beating its presale estimate of $1 million to $15 million.

Two Van Cleef & Arpels pieces belonging to the wife of legendary singer Frank Sinatra also sold: A pair of mystery-set ruby and diamond pendant earclips garnered $362,500, well above their estimate of $100,000 to $150,000, while a mystery-set ruby and diamond butterfly brooch went for $567,000, exceeding its valuation of $125,000 to $175,000 Other notable items at the sale included a cushion-cut, 51.52-carat, F-color, internally flawless Harry Winston diamond ring, which went for $4 million, or $77,154 per carat The piece had a presale value of $35 million to $45 million.

An emerald-cut, 25.03-carat, D-color, flawless diamond ring garnered $3.5 million, compared to an estimate of $2.9 million to $3.5 million. . Source