Wednesday, 21 December 2016

Sotheby's Magnificent Jewels - New York

Sotheby’s sold $29.7 million worth of jewelry at two auctions in New York. A diamond ring from the collection of philanthropist Marjorie Fisher turned out to be the most expensive item. The marquise-shaped, 18.04-carat, D-color, VVS1-clarity diamond fetched $1.8 million, or $102,134 per carat This price surpassed a pre-sale estimate of $1.25 million to $1.75 million.

A 18.10-carat, D-color, VS1-clarity diamond ring found a buyer for $1.5 million, or $80,249 per carat. Separately, a cushion-cut, 10.19-carat, D-color, internally flawless diamond went for $1.3 million, or $130,765 per carat.
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The Magnificent Jewels sale that took place on Dec. 9 at Sotheby’s New York marks the last jewelry auction of 2015. The auction brought in $52.2 million.

The top lot was a 25.87 ct. sugarloaf cabochon Kashmir sapphire and diamond ring that sold for $5.1m, exceeding its high estimate of $4.5 million. A diamond necklace created by Van Cleef & Arpels in 1939 for Queen Nazli of Egypt made $4.3 million.



Pair of white gold, chalcedony, sapphire, and diamond cuff bracelets by Suzanne Belperron sold for $526,000

A platinum and diamond brooch by Bvlgari sold for $1.75 million, far exceeding its high estimate of $700,000.

A 38.27 ct. emerald-cut diamond ring sold for $4m