New York—Sotheby’s is set to feature a spectacular 53.04-carat diamond at its upcoming New York jewelry auction. This unmounted pear-shaped gem, boasting a rare combination of D-color and internal flawlessness, is anticipated to sell for up to $5 million. The auction, scheduled for June 7, will be part of the Magnificent Jewels sale, offering an extraordinary opportunity for collectors and connoisseurs.
This event also marks the introduction of Sotheby’s new pricing structure, which includes a 26% reduction in buyers’ fees. The auction house conducted extensive surveys among “tens of thousands of clients” to assess the potential impact of this change. Over 90% of respondents indicated a willingness to bid higher under the new fee structure, suggesting a positive reception and a potentially robust bidding environment.
With anticipation building, the auction is poised for an exhilarating bidding war over this exceptional diamond. Sotheby’s continues to enhance the auction experience, reinforcing its position as a dynamic marketplace for fine jewelry.
