New York—The yellow diamond dubbed the “Golden Canary” fell in need of expectations at Sotheby’s New York Magnificent Jewels sale Wednesday whereas two blue diamonds additionally didn’t dazzle. 

The 303.10-carat fancy deep brownish-yellow diamond is among the largest polished diamonds on the planet, Sotheby’s mentioned, and the most important flawless or internally flawless diamond ever graded by the Gemological Institute of America.

Provided with out reserve, which means with no minimal bid requirement, the public sale home anticipated the stone to promote for at the least $15 million.

The ultimate hammer value, nonetheless, was solely $12.4 million, together with purchaser’s premium. 

All instructed, Sotheby’s Magnificent Jewels sale totaled $50 million, with 81 p.c of tons offered.

Many jewels didn’t exceed expectations.  

Two blue diamonds from a group of “distinctive” blues, although, once more failed to search out an viewers at Magnificent Jewels. 

 

On supply on the New York Magnificent Jewels public sale this week was a 3.24-carat cushion brilliant-cut internally flawless fancy vivid blue diamond (estimated at $5 million-$8 million) and a 2.08-carat cushion-cut fancy intense blue diamond ($1.2 million-$1.5 million).

Considered one of these stones was pulled final minute, and the opposite failed to satisfy its reserve.

A Sotheby’s spokesperson defined, “The three.24-carat from the De Beers Distinctive Blue Assortment was withdrawn previous to the sale following discussions with the consignor and, sadly, the two.08-carat from the identical assortment didn’t discover a purchaser in our salesroom at the moment. 

“In no half, nonetheless, does this detract from the rarity of the De Beers Distinctive Blue Assortment, and we’re very a lot trying ahead to presenting the 5 remaining beautiful gems within the New Yr.”

Sotheby’s less-than-stellar sale caps off an fascinating public sale season filled with highs and lows.