New York--Sotheby’s “Magnificent Jewels” auction here realized $39.4 million, the highest total ever realized by the auction house for a spring jewelry sale, Sotheby’s announced last week.
Held April 14, the auction sold 84 percent by lot and 93 percent by value. The top lot was a emerald-cut diamond weighing 30.52 carats. Estimated at 3,000,000—4,000,000 USD. and Sold for 3,386,500 USD. Accompanied by GIA report no. 2115516430 stating that the diamond is D color, VVS1 clarity, with Excellent Polish and Excellent Symmetry.
A 3-carat marquise-shaped fancy vivid blue diamond garnered the second-highest bid of the day, bringing in $3.3 million.
Meanwhile, The pear-shaped diamond weighing 20.74 carats, surmounted by an emerald-cut diamond weighing approximately .50 carat, and an old European-cut diamond weighing approximately .85 carat. that was estimated at 800,000—1,200,000 USD. had doubled its pre-sale estimate and Sold for 2,154,500 USD
It was accompanied by GIA report no. 1122998496 stating that the diamond is D color, VS2 clarity.
At least 10 bidders competed for a circa 1920 Cartier, Tiffany & Co. diamond jabot pin, featuring One terminal set with a pear-shaped diamond weighing 15.31 carats, the other set with a pear-shaped diamond weighing approximately 2.00 carats, framed by small round and single-cut diamonds, signed Cartier and Tiffany &Co. The larger diamond originally mounted by Tiffany &Co., circa 1900, converted into a jabot by Cartier, circa 1920.
The pin was estimated at 600,000 - 800,000 USD and sold for 1,986,500 USD, more than double its pre-sale estimate.
It was accompanied by GIA report no. 2125998478 stating that the 15.31 carat diamond is D color, VVS2 clarity.
“Collectors are willing to pay a premium for diamonds with charm, and that was a hallmark of today’s sale,” Gary Schuler, director of jewelry in New York, said. “Whether they feature old-world cuts or magnificent and unique colors, the opportunity to compete for these stones is exactly why buyers come to auction.”
Pictures courtesy of Sotheby’s
Article courtesy of National Jeweler
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