Penthouses.com: The Weblog

A 101.27-carat diamond, rated VVS1 (very very slightly imperfect 1st degree) for clarity is the size of a squash ball and the largest colorless stone to be auctioned in Asia, has fetched $6.2 million at a Christie’s sale in Hong Kong.

The diamond is the largest colorless diamond to appear at auction in 18 years and one of only three colorless diamonds of over 100-carats ever to be auctioned.

However, it has been suggested that demand for top stones may be waning due to a weakening world economy as a much-hyped 72.22 carat “D” flawless white diamond failed to sell at a Sotheby’s Hong Kong auction in April.

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The housing market might be down, but that isn’t stopping movie stars, hedge fund managers, and corporate titans from paying mammoth prices for the most lavish real estate on the planet.

“For the ultraluxury market to take a hit, there would have to be serious financial woes that went a lot deeper than what we’re seeing now,” said Rick Goodwin, publisher of Unique Homes, a magazine and Web site about luxury properties. “If they’ve got the money, it’s not going to be a hardship to fork over cash for a $10 million house.”

The ubër-wealthy are also less concerned about interest-rate fluctuations and other mortgage issues; about a third of buyers of $1 million-plus homes pay cash, Moore-Moore said.

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The Gramercy Residences will be the only 24/365 hyper-amenitized luxury high-rise in the Philippines boasting of features and luxuries never before attempted anywhere else in the world.The Gramercy will be fully-serviced, a dream come true for those who live the modern lifestyle.

Imagine ordering a sumptuous meal served in your bedroom from any of Century City restaurants. Or having a personal shopper bring up some new arrivals from your favorite boutiques downstairs, a housekeeper taking care of your household chores, or the 5-Star Services at the Gramercy.

For more information and to take a look at The Gramercy, visit www.century-philippines.com

Lets start off with a bang (so to speak) and mention the all too familiar now, Penthouse at the Pierre which has been on the market for a good couple of years now and not all that surprising considering its price tag… a mere $70,000,000 .

The 16 room apartment: 5 bedrooms, 7 bathrooms, 5 fireplaces, a grand terrace and a spectacular 360 New York all included.