By Erika Winters
Christie's plays on the popular holiday colors of red and green with its upcoming Magnificent Jewels sale in New York. The auction house is offering a rare fancy reddish-orange diamond of 3.15 carats, a D-color diamond ring of 50.01 carats by Graff, and a three-stone ring comprised of Colombian emeralds at the December 10 sale.
The rare 3.15-carat red is the largest reddish-orange, natural color diamond ever graded at the Gemological Institute of America (GIA) and is the largest of its color to ever be offered at auction, according to Christie's. The red diamond is estimated to fetch between $700,000 and $1.2 million.
