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53ct. Diamond Set to Score $5M at Sotheby’s

May 19, 2024  |  Leah Meirovich
53.04-carat diamond. (Sotheby's) image

Sotheby’s will offer a 53.04-carat diamond at its upcoming New York jewelry auction, where it is expected to bring in up to $5 million. 

The unmounted pear-shaped, D-color, internally flawless stone is one of the highlights of the June 7 Magnificent Jewels sale, the auction house said last week. Also going on the block is a Van Cleef & Arpels ring bearing an octagonal, 7.46-carat Colombian emerald framed by round diamonds. The piece, with a presale high estimate of $520,000, once belonged to Hollywood screen legend Ava Gardner. 

Sothebys-Ava-Gardner-ring image
The Van Cleef & Arpels emerald ring that belonged to Ava Gardner. (Sotheby’s)

Additionally, the sale will be one of the first to feature the company’s new pricing structure, which includes a 26% decrease on buyers’ fees. Sotheby’s surveyed “ten of thousands of clients” to see if it would affect their bidding, and more than 90% said they would bid higher, the auction house revealed. 

Here are some of the other top items that will be on offer: 

This necklace by designer David Morris comprises graduated oval-shaped diamonds, interspersed with pear- and marquise-shaped diamonds and seven cushion-cut Kashmir sapphires ranging from 2.40 to 11.37 carats. Sotheby’s predicts it will achieve between $3 million and $5 million. 
Graff diamond ring image
A Graff ring bearing an oval-shaped, 21.54-carat, D-color, VVS2-clarity diamond center stone flanked by two pear-shaped diamonds carries an estimate of $1 million to $2 million. 
lavender dream diamond ring image
Sotheby’s will sell this oval-shaped, 3.36-carat, fancy-intense-pinkish-purple, SI2-clarity diamond ring, called the Lavender Dream, for between $1 million and $1.5 million.
Harry Winston emerald cut diamond ring image
A Harry Winston ring with an emerald-cut, 16.90-carat, D-color, VVS1-clarity diamond that has the potential to be internally flawless is scheduled to go under the hammer for $800,000 to $1.2 million.
Van Cleef & Arpels tie necklace image
This Van Cleef & Arpels “tie” necklace, composed of graduated links set with variously cut diamonds, is on offer for $800,000 to $1.2 million.
sugarloaf cabochon Kashmir sapphire ring image
A ring with a cushion-shaped, 14.51-carat sugarloaf cabochon Kashmir sapphire, accented with baguette diamonds, is expected to bring in $800,000 to $1.2 million.
Graff emerald cut diamond necklace image
A necklace by Graff featuring an emerald-cut, 16.06-carat, D-color, VVS1-clarity diamond, suspended from a pear-shaped diamond, is estimated at $700,000 to $1 million.
Marcus cushion cut sapphire ring image
This ring by Marcus & Co., bearing a cushion-cut, 10.31-carat Kashmir sapphire and diamond embellishments is set to sell for $500,000 to $700,000.
blue-green diamond ring image
A cut-cornered rectangular modified brilliant-cut, 2.82-carat, fancy-intense-blue-green, SI1-clarity diamond ring is expected to realize $500,000 to $700,000.

Main image: The 53.04-carat diamond. (Sotheby’s)

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