Christie’s auction on November 25th in Hong Kong was led by several fancy color diamond jewels, but the standout is a striking 2.09 ct, heart-shaped, Fancy Red, SI2 diamond ring by Moussaieff which sold for $2,440,000 price per carat (Christie’s, Lot 2103), breaking the world auction record for a red diamond.
Red diamonds are rarely seen at auctions and this particular stone is exquisite. Compared to the quality of color in most red diamonds, this Fancy Red stone bestows a feeling to the buyer that they’ve purchased a true red diamond. Generally, red diamonds do not correspond to what we perceive as ‘red’; often, buyers label red diamonds as a deep or dark pink. Opinions as to what qualifies a diamond as ‘red’ vary considerably
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