Fancy coloured diamonds remain strong during economic downturn

On the 10th July 2020, during one the first live auctions to be held by Sotheby’s Hong Kong, since the lifting of lockdown, a 4.49 carat fancy vivid pink heart-shaped diamond ring and a 5.04 carat fancy vivid blue heart-shaped diamond ring sold for a combined $18.6 million.

The vivid pink was internally flawless, set on a white gold ring and flanked by two pear-shaped diamonds and achieved more than $8.1m.

The vivid blue diamond with VS2 clarity, mounted on a platinum ring and flanked by two pear-shaped diamonds achieved more than $10.5m.

Also sold at the auction were several other, but less important, fancy coloured diamonds from yellows, through to pinks, blues and greens.

The auction represents the first significant sales of fancy coloured diamonds since the start of the Covid-19 pandemic at the beginning of 2020. The positive results are not only encouraging but also confirm the class’s ability to remain strong during economic downturns.