Harry Winston bought a pink diamond for more than $50 million at Christie’s Magnificent Jewels sale in Geneva, setting a world auction record.
The buyer renamed the stone — formerly the Pink Legacy — as the Winston Pink Legacy. It previously belonged to the Oppenheimer family, and had a presale estimate of $30 million to $50 million.
The auction also saw an Art Deco piece by Van Cleef & Arpels fetch $4.3 million, well above its presale estimate of CHF 2 million to CHF 3 million ($2 million to $3 million). A natural-pearl necklace garnered $1.2 million against a valuation of CHF 240,000 to CHF 340,000 million ($238,190 to $337,345 million).
Some 86% of lots sold at the Magnificent Jewels auction, yielding a total of $110.2 million. The event was 90% sold by value of items available.