Anyone Want a 32-Carat Diamond?

Massive jewel to headline Christie's fall sale

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    NEWSLETTERS

    Check out Christie's fall sale preview.

    If you like super sparkly things and are obsessed with fine gems, Christie's fall jewels sale is something you don't want to miss.

    The Annenberg Diamond, a flawless 32.01 carat emerald-cut stone that defies all your preconceived notions of material magnificence, will be the highlight of Christie's Jewels: The New York Sale, beginning on Wednesday, Oct. 21.

    Appraised at a cool $3 million to $5 million, the stupendous diamond will likely lure jewel buyers and gawkers from all over who want a chance to bid – or just see – the treasure.

    Designed by famed Manhattan jeweler Davied Webb, the D-color diamond is mounted as a ring and flanked by two pear-shaped diamonds weighing 1.5 and 1.6 carats. It comes from the collection of the late billionaire philanthropist Leonore "Lee" Annenberg, who was married to former British ambassador and business magnate Walter Annenberg.

    Francois Curiel, chairman of Christie's Europe and international head of jewels, said in a statement that the precious stone combines the best of the Four C's.

    "[The diamond has] top color, perfect clarity, ideal cut and excellent weight. And if you add to this the impeccable provenance of the Annenberg name, you have one of the finest gems to appear on the market for many years," Curiel said.

    Don't worry if you can't make it to the main event. Christie's Rockefeller Center galleries are open from today until the Annenberg Diamond takes center stage on Oct. 21. Wednesday's auction will also feature rare gemstones and signed works by designers such as BVLGARI, Cartier, David Webb and Harry Winston, among others. Vintage jewels will be on display the following day for period collectors. Christie's is expected to rake in more than $25 million over the course of the two sales. What are you buying?