This past Wednesday in a New York auction, an anonymous buyer purchased the 32.01 carat D-Flawless Annenberg Diamond for $7.7 million, well surpassing the stone’s estimated sale price of $3 to $5 million.
The diamond, owned by philanthropist Leonore "Lee" Annenberg, who died in March at the age of 91, was mounted in a ring by Manhattan jeweler David Webb. Its sale set a new, world-record auction price of $240,000 per carat for a colorless diamond!

Also sold on Wednesday was a 16.33-carat circular-cut diamond with E color and flawless clarity, purchased by a private Asian dealer for $1.6 million, or $97,000 per carat.

Among the pieces exceeding estimates were a belle époque diamond and rock crystal bow brooch by Cartier, which was expected to fetch between $200,000 and $300,000, but was purchased by a member of the U.S. trade for $1.1 million, and a Harry Winston emerald and diamond necklace, circa 1956, expected to fetch between $500,000 to $700,000 that sold for $950,500.

This proves, it is always the right time to purchase a diamond!