Thursday, December 11, 2014

Christie’s Magnificent Jewels Sale Fetches $66.6 Million

89.23-carat, pear-shaped D-color VVS1 diamond sold for nearly $11.1 million.

Christie’s New York ended the auction's house's fine jewelry sale season in the Americas with its Magnificent Jewels sale Wednesday that fetched more than $66.6 million (including premiums), producing a final tally in 2014 of approximately $188 million for the Americas. Worldwide jewelry sales amounted to about $740 million, although a complete sales report will be released by the auction house in January 2015.

The top lot of the New York sale was an 89.23-carat, pear-shaped D-color VVS1 diamond (top photo) that sold for nearly $11.1 million (including premium). The diamond, mounted in a platinum setting, sold at $124,000 per carat. 


Other sales of note included a pair of pear-shaped fancy light yellow diamond ear pendants of 52.88 and 51.46 carats (pictured above) that sold for more than $5.4 million, double its presale estimate; and a 5.25-carat Burmese ruby ring by Harry Winston that fetched $1.65 million, more than triple its low estimate.

Other highlights of the sale include the following:


* A colored diamond suite of 593.61 carats, by Jahan that sold for $4.6 million (the necklace is pictured above).


A 21.30-carat, oval-cut fancy light pink Golconda diamond that sold for $4.25 million, or $200,000 per carat.


* A 32.32-carat, oval-cut D-color VVS1 Potentially Internally Flawless diamond by Bulgari sold for more than $4 million, or $126,000 per carat.


* A 32.72-carat, rectangular-cut D-color VS1 diamond sold for $2.4 million, or $74,000 per carat.


* A 1.42-carat, oval-cut fancy red VS2 diamond sold for $2.16 million or more than $1.5 million per carat.


* A 14.28-carat, marquise-cut fancy brownish pink Internally Flawless diamond sold for more than $2 million, or $143,000 per carat.


* A 5.70-carat, rectangular-cut fancy blue VS1 diamond sold for more than $2 million, or $360,000 per carat.


* A single-strand natural pearl and diamond necklace measuring from 13.10 to 8.00 mm sold for $1.8 million.

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