True Blue

June 15, 2009

It’s been a very good month for jewelry. Industry insiders are pointing to two big sales (and two big blue diamonds) as a sign that the luxury market is slowly regaining some momentum. Last month, a Sotheby’s auction saw a 7.03-carat flawless vivid-blue diamond go for a record-setting $9.49 million. And just this past week, Christie’s sold the 6.29-carat fancy-intense-blue stone above for a cool $3.6 million.

Now, don’t get me wrong, good blue diamonds will always sell. They are exceedingly rare and very special. But in general, the market for colored diamonds has just been going up and up. Brown diamonds used to be a hard sell–now marketed as cognacs and champagnes, they seem far more fashionable. Designers are also using tiny colored diamonds (blues and greens) as accents or micropave around other stones.

If you read this blog much, you’ll know that my own engagement ring is a colored diamond. The natural fancy brown-yellow (the second color is the dominant one) center stone is a definite conversation piece. Here are a few colored diamond pieces on Portero that are fantastic:

Jeri Cohen 18k White Gold 6.5 ctw Champagne & White Diamond Flower Bracelet

GIA Certified Platinum 1.81 ctw Fancy Yellow Oval Diamond Ring sz 6

18k White Gold Brown & White Diamond Hoop Earrings & Brooch Set

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