Sotheby's sells pink, blue diamond earrings for about $51M

FILE - In this Thursday, May 11, 2017 file photo, a Sotheby's employee displays the Apollo blue diamond and the Artemis pink diamond earrings during a preview at the Sotheby's, in Geneva, Switzerland. Sotheby's sold a pair of pear-shaped diamond earrings at a hammer price of about $51 million Tuesday, May 16, 2017, though the 14.54-carat flawless Fancy Vivid Blue diamond that was the auction's highlight fell short of the expected range. (Martial Trezzini/Keystone via AP, File)

Sotheby's sold a pair of pear-shaped diamond earrings at a hammer price of about $51 million, but the 14.54-carat flawless Fancy Vivid Blue diamond that was the auction's highlight fell short of the expected range

GENEVA — Sotheby's sold a pair of pear-shaped diamond earrings at a hammer price of about $51 million Tuesday, though the 14.54-carat flawless Fancy Vivid Blue diamond that was the auction's highlight fell short of the expected range.

Sold as separate lots, the "Apollo Blue" and "Artemis Pink" diamonds together cracked the low end of the expected range of $50 million to $70 million, but were a record for earrings sold at auction, Sotheby's said.

The earrings were the standout offerings at a Geneva auction of nearly 400 pieces of jewelry that reaped more than $150 million altogether.

At the hammer price, excluding fees, the Apollo Blue — the largest internally flawless Fancy Vivid Blue ever sold at auction — went for 37 million Swiss francs ($37.5 million), Sotheby's said. The total cost was $42.1 million, including the "buyer's premium."

Auctioneer David Bennett, chairman of Sotheby's international jewelry division, called that a "very healthy price."

The matching, 16-carat pink diamond went for a hammer price of about $13.5 million. Overall, the pair went for a total, including fees, of more than $57 million.

Bennett declined to identify the buyer who snapped up both lots, but the auction house did say the buyer was renaming the gems as "The Memory of Autumn Leaves" for the blue diamond earring and "The Dream of Autumn Leaves" for its pink sister.

Related News

The Latest: Trump meets with first responders in Louisiana

Sep 3, 2017

Federal and state officials greet Trump as he visits Louisiana in wake of storm

Hood by Air takes on New York Fashion Week with a wench

Sep 12, 2016

Hood by Air's Shayne Oliver takes on New York Fashion Week with not-your-average streetwear

UK film awards show love for 'I, Daniel Blake' and 'Lion'

Feb 12, 2017

Ken Loach's gritty drama "I, Daniel Blake" was named best U.K. picture on Sunday at the British Academy Film Awards, while fractured-family saga "Lion" took screenplay and supporting actor prizes

You may also like these

The Latest: Trump meets with first responders in Louisiana

Sep 3, 2017

Federal and state officials greet Trump as he visits Louisiana in wake of storm

Hood by Air takes on New York Fashion Week with a wench

Sep 12, 2016

Hood by Air's Shayne Oliver takes on New York Fashion Week with not-your-average streetwear

UK film awards show love for 'I, Daniel Blake' and 'Lion'

Feb 12, 2017

Ken Loach's gritty drama "I, Daniel Blake" was named best U.K. picture on Sunday at the British Academy Film Awards, while fractured-family saga "Lion" took screenplay and supporting actor prizes

Financial Markets

Lookout Style, your personal trendy diary, keeping you in check with all things new for automobiles and content to assist your fashionable sense.

Contact us: sales@lookoutstyle.com

Automobile Design Automobile Shows Car Buying Beauty & Fashion Body Piercings Elective Cosmetic Procedures Children's Fashion Couture Fashion Accessories Fashion Magazines Fashion Shows Men's Fashion Personal Style Sustainable Fashion Women's Fashion Press