Most Valuable Earrings Ever May Fetch $68 Million

What’s been called “the most valuable” pair of earrings ever – and not just by my definition, this is according to Forbes as well as many other news outlets, Sotheby’s is offering this pair of unmatching stones in Geneva next month.

Diamond Earrings Auctioned
Who would have thought, a pair of non matching earrings may be the largest sale of it’s kind – ever?

otheby’s will offer what it has called the “most valuable” set of earrings in auction history at its Geneva sale next month – though the two stones don’t match in color.

Apollo and Artemis Diamonds For Sale

One is blue, and the other is pink.  They are pear-shaped and called “Apollo and Artemis Diamonds.”  They are the headliner at the Magnificent Jewels and Noble Jewels auction in Switzerland on May 16.  They will be offered for sale separately, according to Sotheby’s.

Estimates for the “Apollo Blue,” a 14.54 carat diamond that is entirely flawless, have come in between $38 and $50 million.  That’s as much as $3.4 per carat, and it’s the largest of it’s color and clarity.  With a grade of Type IIb, there are less than 1% of all diamonds in this class.  The Cullinan mine in South Africa is the only one to have produced blue diamonds in recent years.  With the grade of “Fancy Vivid Blue,” you are certainly talking about a rare gem.

The other diamond, the “Artemis Pink,” is a 16-carat, fancy intense pink diamond iwth VV22 clarity.  This is looking to get between $12.5 and $18 million, which puts it up to $1.1 million for each carat. This one is graded as a Type IIa diamond, which is “the most chemically pure type” of diamond.  Pink diamonds, like blue diamonds, are very rare.  No more than 3% of diamonds are classified as colored, according to the GIA.  Less than 5% of that number are pink, so we’re dealing with a very rare blend.

Obviously, these are extremely rare diamonds.  While you can buy great pieces online, you won’t ever get stuff like this every day.  Then again, how many people in this world can afford such luxury items?  I will be following this closely to see who the lucky buyer is, that’s for certain.

“Together, as a pair of earrings, they are breathtaking. We have named them after Apollo and Artemis, a twin brother and sister of great power and beauty who were among the most widely venerated of the Ancient Greek deities.” – David Bennett – Worldwide Chairman of Sotheby’s International Jewelry Division.

In another auction held by Magnificent Jewels in New York, (just a few days away, on the 25th), Sotheby’s is representing a variety of gemstones and colored diamonds.  In this auction, there is a hexagonal, 34.40-carat Colombian Emerald.  This has a value estimated at $800,000 and $1.2 million.

My passion for covering the industry has really led me to surf the web daily for new information.  You can count on me highlighting all of the major industry news and happenings, as they happen, right here on The Diamond Advisors.  Thanks for your readership, and please join our newsletter if you’d like to be updated about any special offers.

 

Most Valuable Earrings Ever May Fetch $68 Million
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Jarrett Abbott

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Jarrett first learned about the beauty of diamonds while mulling over various options for his wife to be. His desire to be the best at everything he does led him to start TheDiamondAdvisors.com. His takes on the industry can be found on this website as well as quoted in many media publications. Contact him here for media inquiries or if you have questions about purchasing from any online vendor.

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