Christie’s sells The Clark Pink diamond for $15.7 million
NEW YORK, April 19, 2012 – Christie’s sold The Clark Pink diamond, a cushion-cut fancy vivid purplish-pink diamond ring of 9.0 carats by Dreicer & Co., circa 1910 from the estate of Huguette M. Clark, for US$15,762,500 at its Magnificent Jewels auction on April 17, setting a new auction record for the most valuable pink diamond sold in the United States.
The successful bidder was Brett Stettner of Stettner Investment Diamonds.
Christie’s sale of Magnificent Jewels on April 17 realized US$ 70,726,650 (£44,557,790 /€53,752,254) with strong sell-through rates of 95 percent by lot and 97 percent by value.
PHOTO: CHRISTIE’S IMAGES LTD. 2012
Rahul Kadakia, Head of Jewelry, Christie’s Americas, said, “The collection of jewels from the estate of Huguette M. Clark sparkled in the saleroom with the $15.7 million Clark Pink becoming the most valuable pink diamond ever sold at auction in America.
“The entire collection, which has fascinated collectors and press worldwide, achieved a total of $20.8 million against a pre-sale estimate of $9 million. This is the second most valuable private collection sold in the United States in the last decade, just behind the legendary jewels of Elizabeth Taylor.”