TORONTO, May 2, 2017 /PRNewswire/ - A pair of exquisite colored diamond earrings -- one blue and one pink -- will lead the Sotheby's Magnificent Jewels and Noble Jewels auction on May 16 at the Mandarin Oriental in Geneva, Switzerland. This will be a landmark event in the world of diamond collecting and investment, according to Paragon International Wealth Management, a Toronto-based investment advisory firm that specializes in the acquisition of colored diamond assets.
The two diamonds will be auctioned in separate lots and are the most valuable set of earrings in auction history, Sotheby's said.
The two diamonds were named after Greek deities Apollo and Artemis.
"The Apollo and Artemis diamonds will be the stars of our May sale in Geneva -- by far the most important pair of earrings ever offered at auction," said David Bennett, worldwide chairman of Sotheby's International Jewellery Division. "These exquisite colored diamonds are enormously rare and each is a wonderful stone in its own right. Together, as a pair of earrings, they are breathtaking."
Paragon International Wealth Management expects high collector interest in this one-of-a-kind investment opportunity.
The 14.54-carat "Apollo Blue" is classified as a fancy vivid blue diamond, which is the highest diamond color grading ranking. Color grading is one of the key criteria for appraising the value of colored diamonds. The "Apollo Blue" is the largest of its color and clarity to go to auction. In fact, less than 0.1 percent of diamonds sourced show any blue, according to the Gemological Institute of America, and only a small percentage of those fall into the fancy vivid blue category. Sotheby's expects the "Apollo Blue" to sell for $38 million to $50 million.
Meanwhile, the 16-carat "Artemis Pink" is classified as a fancy intense pink diamond with a high clarity rating. It's expected to fetch $12.5 million to $18 million. A pink diamond "of such rich color and impressive size can only be described as phenomenally rare," Sotheby's said.
ABOUT PARAGON INTERNATIONAL WEALTH MANAGEMENT INC.
Toronto-based Paragon International Wealth Management is a leader in the acquisition and management of fancy colored diamonds and is committed to offering its clients unparalleled advice and guidance in assembling a successful hard asset investment portfolio. Fancy colored diamonds are growing in popularity as an investment vehicle and have historically shown higher profit margins than other hard asset investments.
SOURCE Paragon International Wealth Management Inc.