With 90% of the lots sold for $89,121,687. Pink diamonds continue to be market stars and Jewelry as a whole remains a very strong market. Scott Reyburn follows up on that theme on Bloomberg:

“It’s difficult to predict what big stones will make,” Sam Taub, director of the Antwerp wholesalers CLS Diamonds, said in an interview. “Each bidder has a different personal reason for wanting to buy. At this level, diamonds aren’t a commodity market.”

Diamonds are selling for higher figures than those achieved before the financial crisis. Rare colored stones continue to command one-off prices. Gems lighter than 4 carats, and some collectors’ items, are now about 10 percent more expensive than they were three years ago, Taub said. Values of smaller white stones have been pushed up by speculative trade buying inIndia, he said.

Pink Diamond Fetches $10.9 Million at Sotheby’s as Gem Collectors Battle (Bloomberg)