Showing posts with label Sothebys. Show all posts
Showing posts with label Sothebys. Show all posts

Thursday, 12 December 2024

10 Carat Burmese Ruby Ring Sells for USD $5.5 Million at Sotheby’s Auction

A stunning 10.33-carat Burmese ruby fetched an impressive $5.5 million at Sotheby’s Magnificent Jewels auction in New York

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.

Tuesday, 1 October 2024

4ct. Pink Diamond Takes Spotlight at Sotheby’s

A fancy-pink diamond pendant is set to headline an upcoming jewelry auction at Sotheby’s in Paris

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:   

Cartier Tutti Frutti bracelet
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).   
necklace from the Shirley Bassey collection
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).   
gold and diamond Cartier set comprising a necklace, two bracelets, a pair of ear clips, and a ring image
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).   
gold and diamond Cartier set comprising a necklace, two bracelets, a pair of ear clips, and a ring
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).   
sapphire and diamond bracelet by Van Cleef & Arpels
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).  
ring with a pear-shaped, fancy-brownish-yellow diamond image
This ring with a pear-shaped, fancy-brownish-yellow diamond weighing 20.03 carats could achieve as much as EUR 220,000 ($245,116).   
oval sapphire within a double surrounding of brilliant-cut diamonds
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).
diamond ring with marquise-shaped diamond shoulders image
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).   
5.06-carat diamond flanked by triangular diamonds
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).  

Thursday, 4 July 2024

New York Jewelry Auctions Top $70 Million In June, Led By Diamonds

New York Jewelry Auctions

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 in June.
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 $552,000along 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.
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, sold for $2,107,000 a Christie's.
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 at $165,000.
Leading the Phillips auction was a 9.81-carat emerald and diamond ring, which doubled its estimate.

Source: DCLA

Monday, 10 June 2024

Van Cleef & Arpels Diamond ‘Tie’ Necklace Fetches $3.6 Million

Van Cleef & Arpels Diamond ‘Tie’ Necklace Fetches $3.6 Million

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.”

See more: Forbes

Monday, 27 May 2024

Flawless 53 carat Diamond Could Sell for $5m

Flawless 53 carat Diamond Could Sell for $5m

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.

Source: DCLA

Tiffany Buys Back Titanic Watch for Record $1.97m

Tiffany & Co paid a record $1.97m for a gold pocket watch it made in 1912, and which was gifted to the captain of a ship that rescued mo...