Christie’s  New York  is at the tail end of it’s “Luxury Week,” which is four consecutive days of five distinctive sales of luxury items, specifically jewelry, watches, wine, and 20th century design. Highlights of diamond sales include the sale of a 22.46-carat rectangular-cut E-color diamond ring by David Webb for $1.87 million, the sale of a 14.82-carat, pear-shaped E color VVS2 diamond for almost $1.6 million, and the sale of a  15.65-carat circular-cut F color VS1 diamond for $1.5 million.

The jewelry sale at Christie’s, advertised as “New York Important Jewels Auction” was held on June 12, the first day of the auction. Over 180 items were up for sale, including investment-quality diamonds, rare gemstones, and period jewelry pieces.  There were over a dozen colorless D, E or F-rated stones. The David Webb ring and the luxurious diamonds all sold for about their pre-auction estimates. The jewelry sale also featured a vintage Art Deco diamond bracelet by Cartier and jewelry by Van Cleef & Arpels, Jean Schlumberger for Tiffany & Co., Cartier, and Marina B.

 “Diamonds have been the flavor of the season, with top prices achieved in Geneva, Hong Kong and New York through spring 2012 as seasoned collectors and new economies went head to head for the best,” said Rahul Kadakia, Head of Jewelry at Christie’s Americas.

More than 1000 will be offered at the auction with combined sales expected to reach at least $23 million.