Sotheby's Returns to Live Auctions Next Month With Pair of Heart-Shaped Diamonds

June 23, 2020

A gorgeous pair of fancy-colored heart-shaped diamond rings; one blue, one pink and each valued at more than $7 million; will headline Sotheby's Magnificent Jewels sale on July 10 in Hong Kong. Of all colored diamonds, red diamonds are the rarest followed by pink then blue diamonds. The event marks Sotheby's first live jewelry auction in Asia since the COVID-19 outbreak.

A symbol of love and affection, the heart is among the rarest and most difficult shapes to cut for diamonds. That's one of the reasons why these rings carry a premium price.

The first ring, which is expected to sell in the range of $7.7 million to $9.7 million, features a 5.04-carat fancy vivid blue diamond flanked by white diamond side stones on a white precious metal band.

An internally flawless 4.49-carat fancy vivid pink diamond is the stunning center stone of the companion ring (to be offered separately). The pink diamond is set in white precious metal and accented with white diamond side stones. The ring carries a high estimate of $8.8 million.

In total, Sotheby's Hong Kong will be presenting more than 200 lots at the Hong Kong Convention and Exhibition Centre. In addition to the fancy-color diamond heart rings, the sale includes an exceptional pair of emerald and diamond earrings from Harry Winston, the famed "Zip" necklace from Van Cleef & Arpels, as well as a perfectly matched pair of heart-shaped diamonds...

• Famed jeweler Harry Winston designed these teardrop-shaped Colombian emerald earrings. The emeralds weigh 18.69-carats and 20.27 carats, respectively, and are framed with a cascade of marquise-shaped white diamonds. Sotheby's expects the pair to fetch between $1.5 million and $1.9 million.

• Conceived by the Duchess of Windsor in the 1930s, the now-iconic "Zip" design was brought to life by Van Cleef & Arpels in 1950. According to Sotheby's, the Zip design elevated a functional item into a technically brilliant and glamorous jewel, which could be worn open as a necklace or closed as a bracelet. The Zip necklace shown here carries a high estimate of $451,000.

• These unmounted heart-shaped diamonds are perfectly matched — with each weighing exactly 10.51 carats. The beautiful stones are expected to sell in the range of $1.8 million to $2.1 million.

Each of the items in the sale will be on public display in Hong Kong from July 5 to July 9.  It will be interesting to see if we have a resurgence in popularity for heart brilliant cut diamonds after this.  Both oval and pear shaped diamonds have returned to the fashion forefront in recent years.

Credits: Images courtesy of Sotheby's.

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