Golden Canary

The Golden Canary diamond was once displayed at the Dubai exhibition at DIFC, before being moved to Taipei (Taiwan), Geneva (Switzerland) and Hong Kong, finally, will be brought to New York, USA, in Sotheby's Magnificent Jewels auction on December 7. In particular, the diamond is auctioned without a reserve price - meaning it will sell for whatever is the highest price of the day.
Deep yellow in colour, the Golden Canary is part of a large rough, weighing almost 890 carats, found by a little girl while playing in her uncle's garden in the ruins of the Republic of Congo in the 1980s. The largest diamond ever found, it took almost 5 years to cut it into 15 small stones. The largest piece, measuring 407.5 carats in a shield cut, was named the Incomparable Diamond, making it the largest flawless diamond ever classified by the Gemological Institute of America and displayed at numerous exhibitions.
Recently, however, the owner of Incomparable Diamond recut the diamond into the classic pear shape to add more color and vibrancy, and renamed it Golden Canary, according to The National News. Re-cutting the diamond as it is now has increased brilliance, giving the diamond a new look. "Professionals take advantage of available advances in technology, computational modeling, and visual assessment to reshape the diamond," the Gemological Institute of America said in its grading report. Everything from the orientation to the shape and the cut is well thought out.”

Sophie Stevens, specialist jewelry director at Sotheby's Dubai, said: "Obviously it's still flawless inside, but now we're seeing a brighter yellow diamond. The outside is also much nicer, the color is darker.Today, we are lucky because we don't rely on human expertise but have amazing computer technology to look inside the stone, thereby showing how best to cut it into diamond pieces of excellent quality".
Many diamond experts agree with this assessment. “It takes courage to cut this diamond. Anyone who owns this diamond will feel it is worth buying,” said Benjamin Goldberg of William Goldberg, a New York-based company specializing in diamond jewelry. “The new cut shape makes the diamond more vibrant,” agrees David Doppelt of Jonathan Doppelt, a New York diamond jeweler specializing in yellow diamonds. “Golden brown diamonds often look slightly opaque. I think the diamond was renamed the Golden Canary because the experts wanted to emphasize that it was a yellow diamond. In the past, the diamond was slightly brownish.”
Yellow diamonds belong to the group of colored diamonds, which are diamonds that fall outside the color quality scale (D-Z) for commonly found colorless diamonds. Yellow diamonds make up only 0.006% of the diamonds mined and of those, only a tiny fraction are flawless (no cracks) from the inside. Yellow diamonds are formed from carbon like colorless diamonds, but with an extra amount of nitrogen inside to give them their yellow color.

The Magnificent Jewels auction at Sotheby's in New York on December 7 includes many diamonds among the rarest. Experts estimate the "Golden Swallow" diamond will sell for 13 million pounds ($14.5 million), similar to the Enigma, a 555.5-carat black diamond that was sold in London in September. 2 years now. “Regardless of its value, it will be sold to whichever price is the highest bid of the day,” said Sophie. carefully, because it will get everyone excited and create a fiercely competitive bid.
For the younger generation, colored stone jewelry is the first choice. Millennials love to choose gems with unique cuts and eccentric colors to express their individuality. The Golden Canary is the latest of several special color diamonds to be put up for auction this year. Previously, in October, the Williamson Pink Star diamond weighed 11.15 carats, sold for $ 57.7 million at Sotheby's Hong Kong. The price per carat equivalent to more than 5 million USD has set a new auction record. And in April this year, De Beers Blue, the largest blue diamond ever to appear at an auction, was sold for more than 57.4 million USD also at Sotheby's Hong Kong.
Going forward, a collection of eight flawless blue diamonds will be sold during Sotheby's Magnificent Jewels sale in New York, Geneva and Hong Kong from November to the end of spring 2023. Dubbed "" The De Beers Exceptional Blue Collection,” the collection is worth more than $70 million in total, the auction house said. However, an estimated eight diamonds will be purchased for more than $84.8 million.

April 08, 2023

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