‘The Apollo & Artemis’ Are Now the Most Valuable Diamond Earrings Ever Sold

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Images: Sotheby's

Sotheby’s opening sale of Magnificent Jewels and Noble Jewels on Tuesday reached a dazzling conclusion as ‘The Apollo and Artemis Diamonds’ smashed auction records with an unexpected US$57.4 million sale. The evening, which comprised of dynamic bidding over the phone, online and in the room culminated in a sale totalling more than US$151 million. Other significant diamonds of the night include the 'Important Fancy Vivid Blue Diamond Ring' and the Attractive Fancy Pink Diamond Ring, which sold for US$6.9 million and US$5.5 million respectively.

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The inaugural night was held at the Mandarin Oriental hotel in Geneva, Switzerland, marking a positive night for Sotheby’s as more than 90 percent of the lots were sold, with over two thirds exceeding expectations, selling for more than the high estimate. According to Sotheby’s, the earrings were sold to an unnamed buyer who is based in Asia. Named after Greek gods, ‘The Apollo & Artemis’ were originally sold as separate lots. "The 14.54-carat “Apollo Blue" is a flawless and vivid blue diamond and the largest in its category ever auctioned.

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Cut and polished to resemble a pear shape, the “Apollo Blue" was estimated to be valued between US$38 million – US$50 million. The 16-carat "Artemis Pink", valued between US$12.5 million and US$18 million is almost identical in shape, and is considered one of the most transparent diamonds in the world, according to the Gemological Institute of America (GIA). The pair was sold at well within its estimates at US$42.1 million and US$15.33 million respectively.

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