Both Sotheby’s and Christie’s hold their big jewelry sales this week in New York City, and their hopes are pinned on diamonds.
Sotheby’s is up first with a 29.53-carat pear-shaped diamond, internally flawless (pictured at left, courtesy Sotheby’s), at their Important Jewels sale, to be held Monday, October 19th. The diamond is estimated at $1,800,000 to $2,200,000.
A vivid yellow 9.55ct emerald-cut diamond ring from Tiffany is also in that sale, estimated at $250,000 to $350,000.
Two days later, Christie’s will auction off the 32.01 carat D-flawless Annenberg Diamond, set in a ring designed by David Webb and valued 
at $3-5 million (pictured at right, courtesy Christie’s Images).
So far, world-class diamonds like these have managed to hold their value, even in the recession. But stones like these don’t come along often. This week will prove whether world-class diamonds can still bring record-setting prices.