A stunning 10.33-carat Burmese ruby fetched an impressive $5.5 million at Sotheby’s Magnificent Jewels auction in New York, following a heated six-minute bidding battle between two phone bidders and one participant in the saleroom. The final sale price more than doubled its high estimate.
This cushion-shaped, untreated ruby, set in a ring alongside two pear-shaped diamonds, emerged as the highlight of the 96 lot auction, which achieved a total of $30 million. Notably, 92% of the lots were sold, with 70% exceeding their high estimates.
The auction underscored a strong appetite for rare colored gemstones, exceptional white and colored diamonds, and signed pieces from renowned names like Graff, Van Cleef & Arpels, and Boivin.
A 16.73 carat very light pink diamond is expected to sell for CHF 1.1m to CHF 1.8m ($1.3m to $2m) in Sotheby’s Geneva Magnificent Jewels Sale.
Another highlight of the sale, which features many colored diamonds, is a 1.44 carat fancy red diamond (the rarest of all diamond colors) from Australia’s iconic Argyle mine.
They’ll be offered for sale next week (13 November) in a live auction of 88 lots, including pieces by Cartier, Van Cleef & Arpels, Tiffany, Bulgari and JAR, spanning 250 years of jewelry history.
The pink diamond is claw-set in a ring, VVS1-clarity, natural color with a brilliant cut. The red diamond is also claw-set in a ring, with a cut-cornered rectangular mixed cut, together with an Argyle mine presentation case.
“The sale is a celebration of exceptional craftsmanship, with signed jewels from the most esteemed makers of the 20th century,” says Sotheby’s. The sale also offers a number of coloured diamonds of outstanding quality and size, within the rarest of colors.”
A fancy-pink diamond pendant is set to headline an upcoming jewelry auction at Sotheby’s in Paris, where it is expected to fetch up to EUR 550,000 ($612,797).
The cushion-cut, 4.03-carat diamond piece will feature at the October 10 Fine Jewels sale, according to the Sotheby’s website. The auction will also offer jewels from Cartier, Van Cleef & Arpels, and Giovanni Ferraris.
Additionally, the event will showcase more than 80 pieces from the collection of British singer Dame Shirley Bassey, including diamond jewelry Elton John gifted her.
Here are the rest of top 10 jewels that will be auctioned:
This Cartier Tutti Frutti bracelet designed as a band of articulated branches —embellished with carved emeralds, rubies and emerald beads drill-set with single-cut diamonds — carries a top estimate of EUR 450,000 ($501,395). A necklace from the Shirley Bassey collection composed of a row of graduated brilliant-cut diamonds, with the main ones weighing 5.50, 5.36, and 4.61 carats, could sell for up to EUR 280,000 ($311,798). Sotheby’s will offer this gold and diamond Cartier set comprising a necklace, two bracelets, a pair of ear clips, and a ring, each paved with brilliant-cut diamonds, for a high price of EUR 260,000 ($289,687). A David Morris ring bearing a rectangular step-cut, 7.15-carat diamond of F color and internally flawless clarity, flanked by tapered baguette diamonds, is expected to bring in EUR 140,000 to EUR 250,000 ($155,990 to $278,554). This sapphire and diamond bracelet by Van Cleef & Arpels forms a stylized buckle set with a row of oval sapphires framed by brilliant-cut diamonds. It has a presale range of EUR 140,000 to EUR 240,000 ($155,990 to $267,410). This ring with a pear-shaped, fancy-brownish-yellow diamond weighing 20.03 carats could achieve as much as EUR 220,000 ($245,116). A necklace composed of openwork and oval motifs, each set with an oval sapphire within a double surrounding of brilliant-cut diamonds, has an upper price of EUR 180,000 ($200,540).A 21.17-carat, fancy-light-brown-yellow, SI2-clarity diamond ring with marquise-shaped diamond shoulders is anticipated to realize up to EUR 170,000 ($189,415). This claw-set ring with a rectangular step-cut, 5.06-carat diamond flanked by triangular diamonds carries a high estimate of EUR 150,000 ($155,990).
Live jewelry auctions in New York are easily keeping pace with multi-million-dollar watch auctions, and they remain the best venue for large diamonds, gemstones and signed pieces. Sotheby’s Magnificent Jewels sale in June totaled $30,033,900, and Christie’s hit the $44.4 million mark, for a combined haul of over $70 million between the two.
A 14.51 carat sugarloaf cabochon Kashmir sapphire ring that sold for $1.8 million at Sotheby’s
Fancy colored and large flawless diamonds, along with rare specimens of emerald, sapphire and ruby continue to rank in the top 10 lots at most auctions. In the Sotheby’s top 10, the seven highest-selling pieces sold for over $1 million, and the top two lots sold for over $3 million.
The auction was led by a $3.6 million piece of jewelry, a Van Cleef & Arpels necklace. The tassel-tie style long necklace was fully set with several cuts of perfectly matched diamonds in tapered sizes. It was made in 1929, and would be difficult to make or find anywhere today. The second-highest lot was a 53-carat internally flawless diamond, another rare find, especially given than diamond mining is not the prolific activity it once was. It sold for $3,480,000.
For final proof that rarity is the driving value factor at jewelry auctions, the next lots were Kashmir sapphires, the prized velvety blue gems that haven’t been mined in a century—including a 10.31-carat Kashmir sapphire and diamond ring that sold for $1,980,000, and a 14.51-carat sugarloaf cabochon sapphire ring that sold for $1.8 million. Natural pearls, also very rare, are fetching top dollar at auction as well. Among the top 10 at the Sotheby’s sale was a natural pearl, cultured pearl and diamond necklace selling for $552,000, along with exquisite pieces from Graff and Harry Winston.
Christie’s sold the the Eden Rose, a 10.2-carat fancy intense pink diamond for $13.3 million.
This 2.28-carat vivid blue heart shaped diamond ring, surrounded by yellow and white diamonds
Phillips, which has for several years been the leading auction house when it comes to watches, also started holding live jewelry auctions this year. It got off to a good start in June with a New York sale that totaled $2.8 million. Leading the auction was a 9.81-carat emerald and diamond ring, which doubled its estimate at $165,000. A pair of diamond ear clips sold for $165,100, and a Cartier gold and diamond necklace designed as an undulating fringe sold for $146,050. The sale also included pieces from Van Cleef & Arpels, Cartier, and Bulgari and Oscar Heyman.
Leading the Phillips auction was a 9.81-carat emerald and diamond ring, which doubled its estimate.
An important and rare Van Cleef & Arpels diamond “Tie” necklace smashed its estimate and blew past other impressive gems and jewels to become the top lot at Sotheby’s Magnificent Jewels auction, held Friday in New York.
The necklace, circa 1929, composed of graduated links set with variously cut diamonds with elongated tassels that partially rotate, sold for $3.6 million, triple its high estimate of $1.2 million, after a six-minute battle between seven bidders.
It was one of the few marquee items in the sale of 95 lots, a low number for a major New York auction. However, many of the items offered were highly collectible and wearable as shown by the overall results. For example, the sale achieved $30 million, near its $35 million high estimate, with 90% of lots sold and 62% of sold lots achieving prices above their high estimate. Sotheby’s said persons from 30 countries participated in the auction, placing more than 1,200 bids. In addition, seven out of the 10 most valuable jewels in the sale achieved more than $1 million. Art Deco jewels, Kashmir sapphires and white diamonds all performed well.
Quig Bruning, Sotheby’s Head of Jewels for Americas & EMEA, credits Sotheby’s new lower buying premium, set at 20%, for the strong overall results.
“We’re encouraged to see that two-thirds of jewels have sold above their high estimates since our lower buyer’s premium came into effect on May 20, confirming that a fairer fee structure is the definition of client-first, and not only encourages more buyers to participate at auction, but also reiterates that Sotheby’s is open to all.”
A 53.04 carat D colour, internally flawless diamond is expected to fetch up to $5m when it is sold a Sotheby’s New York.
The Type IIa pear-shaped lose stone will lead the Magnificent Jewels sale on 7 June.
A GIA report from last November describes the diamond as having very good polish, good symmetry and no fluorescence.
The diamond, which carries an estimate of $3m to $5m, will be among the first items sold under Sotheby’s new price structure (introduced on 20 May) under which buyers pay a reduced premium – down by 26m per cent on their purchases.
Another highlight of the auction, also with a $3m to $5m estimate, is a David Morris necklace of Kashmir sapphires 2.40 cts to 11.37 cts and graduated oval-shaped diamonds.
All 24 items on offer at the first gender-free live auction of bejeweled and embellished vintage timepieces at Sotheby’s found buyers, with the entire group selling in less than an hour.
The top item at the sale, called Rough Diamonds, was a Patek Philippe Ref. 3290 bracelet watch, ring and necklace set, created in 1962 by Gilbert Albert, decorated with enamel and pearls. The set sparked a more than six-minute battle between seven bidders, finally selling for CHF 393,700 ($435,727), over seven times its high estimate, Sotheby’s said Friday.
In total, the April 11 auction garnered CHF 1.2 million ($1.3 million), nearly twice its upper presale price.
“Rough Diamonds was born from the desire to bring to market a concept watch sale that truly resonated with collectors,” said Josh Pullan, global head of Sotheby’s luxury division. “The results of tonight’s sale, with all 24 lots selling to such a diverse and enthusiastic group of buyers, has validated that vision. The fact that the Gilbert Albert-designed Patek Philippe — the most idiosyncratic and extravagant lot in the sale — has become the most valuable lot sold tonight proves that there is a definite appetite amongst buyers for nonconformist and boldly eccentric timepieces, presented in a differentiated context.”
Other items that performed well included two Audemars Piguet watches. The first, a Cobra Royal Khanjar from 1985, brought in CHF 165,100 ($182,724), while a car-shaped white gold, diamond and emerald-set wristwatch from 1995 fetched CHF 107,950 ($119,474). Both pieces smashed their high estimates. Meanwhile, a Patek Philippe bangle watch from 1976 more than doubled its upper price tag, going for CHF 63,500 ($70,279).
An unmounted 55.55-carat diamond was the top seller at the most recent Sotheby’s auction in Hong Kong, bringing in HKD 45.2 million ($5.8 million).
The price for the oval brilliant-cut, D-flawless stone, named the Fortune Five, fell within its HKD 38 million to HKD 50 million ($4.9 million to $6.4 million) presale estimate, Sotheby’s said Saturday. In total, the April 6 Magnificent Jewels sale garnered HKD 285.7 million ($36.5 million), with 76% of items finding buyers.
Colored diamonds and gemstones proved popular choices, comprising half of the best sellers, as were jewels from well-known design houses, including Graff, Harry Winston, & Tiffany & Co.
Here are the rest of the top 10 items at the sale:
This ring, set with a cushion-shaped, 7.01-carat, fancy-vivid-yellowish-orange, VS2-clarity diamond, smashed its $2 million upper estimate to fetch HKD 29.5 million ($3.8 million).A Harry Winston ring bearing a cushion-shaped, 16.65-carat Kashmir sapphire flanked by two triangular diamonds just missed its high price, bringing in HKD 19.8 million ($2.5 million).Sotheby’s sold this ring featuring a cushion-shaped, 5.07-carat, pigeon’s blood Burmese ruby surrounded by diamonds for HKD 12.7 million ($1.6 million), just under its lower estimate.A ring with a cushion-shaped, 66.44-carat, fancy-intense-yellow, VS2-clarity diamond, offered without reserve, went for HKD 11.6 million ($1.5 million), a bit shy of its upper presale price.A necklace with 29 intense-green jadeite beads secured by a ruby and diamond clasp realized HKD 10.7 million ($1.4 million), within its expected range.This unmounted emerald-cut, 20.19-carat, D-flawless, type IIa diamond garnered HKD 10.7 million ($1.4 million), within its presale price parameters.A pair of earrings, each set with a step-cut Colombian emerald — one weighing 10.84 carats and the other 9.79 carats — and diamonds, beat predictions to yield HKD 10.4 million ($1.3 million).This Harry Winston ring containing a pear-shaped, 15.26-carat, D-color, VVS1-clarity diamond center stone achieved HKD 7.7 million ($989,602), falling slightly below its HKD 7.8 million ($1 million) lower presale price.A ring by Graff set with an oval-shaped, 10.02-carat, D-flawless diamond, between two heart-shaped diamonds, brought in HKD 7 million ($892,264), within its original range.
A ring with a rare fancy-vivid-yellowish-orange diamond is set to lead the upcoming Sotheby’s jewelry sale in Hong Kong, which will take place during its luxury week.
The auction house has not disclosed the estimate for the cushion-shaped, 7.01-carat, VS2-clarity diamond it will offer at the April 6 Magnificent Jewels event.
Along with that stone, Sotheby’s will feature several other colored diamonds in its top 10, as well as jadeite pieces. Jewels from well-known design houses, including Harry Winston, Graff, Chopard, Tiffany & Co., Bulgari, and Boucheron, will also take center stage.
Here are the rest of the top 10 jewels Sotheby’s will offer at the auction:
This unmounted oval brilliant-cut, 55.55-carat, D-flawless, type IIa diamond has a presale estimate of HKD 38 million to HKD 50 million ($4.9 million to $6.4 million).A ring with a heart-shaped, 10.33-carat, fancy-intense-orangey-pink, VVS1-clarity diamond is estimated to fetch HKD 25.3 million to HKD 40 million ($3.2 million to $5.1 million).Sotheby’s will sell this ring bearing a round-cornered rectangular modified brilliant-cut, 4.01-carat, fancy-intense-purplish-pink, internally flawless diamond for up to HKD 30 million ($3.8 million).This necklace, containing 18 oval jadeite cabochons with brilliant-cut diamonds, is estimated to bring in up to HKD 28 million ($3.6 million).A collection featuring a detachable pendant necklace, composed of seven oval jadeite cabochons as well as diamonds, in addition to a pair of earrings and a ring will be offered for HKD 18 million ($2.3 million) to HKD 28 million.A ring by Jacques Timey for Harry Winston contains a cushion-shaped, 16.65-carat Kashmir sapphire flanked by two triangular-shaped diamonds. It carries a presale estimate of HKD 17 million to HKD 20 million ($2.2 million to $2.6 million).This jadeite bangle is set to go under the hammer at the Hong Kong auction, where it has a price range of HKD 16.8 million to HKD 22 million ($2.1 million to $2.8 million).A ring with a cushion-shaped, 5.07-carat, pigeon’s blood Burmese ruby surrounded by epaulette- and marquise-shaped diamonds is due to bring in between HKD 12.8 million ($1.6 million) and HKD 18 million.Another jadeite collection, comprising a necklace set with 14 oval jadeite cabochons and brilliant-cut, pear- and marquise-shaped diamonds, together with a ring and a pair of earrings, has a price range of HKD 12 million ($1.5 million) to HKD 18 million.Source: DCLA
Sotheby’s is set to offer over 180 iconic pieces of jewelry belonging to a single owner, featuring items such as Van Cleef & Arpels’ famous Zip necklace, a Cartier Panthère and a Bulgari Serpenti.
The event, called From the Vault: Exceptional Signed Jewels, will take place on March 7 during the company’s New York Luxury sales, it said Tuesday. The auction house curated the collection with a special focus on iconic motifs, it added.
Prices for the pieces, all signed by well-known design houses, range from $3,000 to $3 million. The top item is a matching necklace and earrings set by Asprey, comprising 50 graduated round, fancy-vivid-yellow diamonds and one round, fancy-intense-yellow diamond weighing a total of 55.26 carats, accented with white diamonds. It is estimated to bring in between $2 million and $3 million.
Here are some of the other pieces that will be offered at the auction:
This Harry Winston necklace was designed by François Tavernier as a line of round diamonds bordered by alternating pear- and marquise-shaped diamonds. The piece, which can be detached into several sections, has a presale range of $1.2 million to $1.8 million.A Van Cleef & Arpels bracelet set with baguette, tapered baguette, square-cut and round diamonds weighing a total of 27.54 carats, and 47.63 carats of Burmese, Kashmir and Ceylon sapphires, is expected to fetch $1 million to $1.5 million at the auction.Sotheby’s will sell this cut-cornered rectangular modified brilliant-cut, 41.02-carat, fancy-intense-yellow diamond ring for up to $1.2 million.A Van Cleef & Arpels Bals de Légende necklace bearing cabochon emeralds and round, baguette, pear, marquise, square and oval diamonds is estimated to fetch $500,000 to $700,000.This Zip necklace — composed of herringbone links bordered by heart motifs and accented by round diamonds — can be converted into a bracelet. The Van Cleef & Arpels piece, which comes with matching tassel ear clips, has an estimate of $400,000 to $600,000.A Bulgari Serpenti necklace set with round diamonds and pear-shaped diamond eyes is set to go for $300,000 to $500,000.A Cartier diamond, emerald and onyx Panthère cuff bracelet will also go up for sale. It carries a price tag of $100,000 to $150,000.
A sapphire and diamond ring took the top spot at a recent jewelry sale at Sotheby’s in Hong Kong, smashing its high estimate.
The piece, which contains a cushion-shaped, 17.50-carat, royal-blue Burmese sapphire surrounded by marquise-cut diamonds, sold for HKD 2.8 million ($357,226), the auction house said last week. That figure was well above its upper presale price.
In total, the January 31 Important Jewels auction brought in HKD 48.9 million ($6.3 million).
Yellow diamonds performed well at the sale, as did jewels by well-known design houses, including Graff, Cartier, Buccellati, and Van Cleef & Arpels. Sotheby’s also sold several diamonds and both green and lavender jadeite pieces with no reserve.
Here are the other four items rounding out the top five:
This cushion-shaped, 14.51-carat, fancy-intense-yellow, VS1-clarity diamond ring by Bulgari went for HKD 2.5 million ($324,751), within its presale estimate.
A ring set with an oval-shaped, 7.02-carat, Mozambican ruby center stone, surrounded by oval and pear-shaped diamonds, fetched HKD 2.5 million, just under its HKD 2.6 million ($332,422) upper price.Sotheby’s sold this Graff bracelet, featuring nine cut-cornered square or rectangular-modified, fancy-intense-yellow diamonds ranging from 1.62 to 5.21 carats and 18 yellow-tinted diamonds for HKD 2.4 million ($308,513), within its estimate.A pair of earrings, each suspending an oval ruby — one weighing 4.26 carats and the other 4.09 carats —and brilliant-cut diamonds, garnered HKD 1.9 million ($243,563) at the sale, within its presale price range.
