3-Carat Blue Diamond Fails To Sell At Sotheby’s Geneva Jewelry Auction – Forbes

Sotheby’s Part II Magnificent Jewels & Nobel Jewels – Geneva sale, the first live jewelry auction since the novel cornavirus pandemic, did not go as planned. Approximately half of the lots went unsold, including the top lot, a 3.01-carat fancy vivid blue step-cut, diamond with VS1 clarity. The diamond was withdrawn from the sale without explanation, one of two lots that were removed. Its estimate was $4.3 – $6.3 million.

“Many unsold items had estimates that were too high,” said Ioannis Alexandris of Gemolithos, a Munich, Germany