Yesterday, Christie’s held its first Magnificent Jewels sale of the year in New York. With 82 percent sold by lot and 80 percent sold by value, the auction took in more than $60.5 million with close to a cool $9 million of the total going to charity.
The jewelry collection of Riki and Jerome Shaw, which included a 6-carat fancy intense pink diamond ring by Harry Winston that sold for more than $5.7 million, fetched a total of $8.6 million with all the proceeds benefitting animal rescue efforts. Another jewel from the collection to bring in more than a million was a 6.25-carat Burmese ruby and diamond ring, which sold for $1.3 million.
As the auction catalogue’s cover star, the pair of diamond ear pendants featuring two circular-cut D-color internally flawless diamonds of 22.60 and 22.31 carats earned the title of top lot as the earrings sold for more than $8.5 million. The second highest lot was a 40.43-carat oval-cut D-color potentially flawless diamond that fetched more than $7.6 million.
The jewelry collection of Kathleen and Martin Field sold for more than $6 million led by two items among the sale’s top ten lots sold: a 20.10-carat rectangular-cut, D-color, VVS1 diamond ring by Harry Winston that fetched more than $2.4 million and a 42.88-carat rectangular-cut Colombian emerald and diamond brooch, also by Harry Winston, that sold for more than $1.3 million.
Other highlights from the sale include:
- An old-mine cut fancy yellowish green diamond ring weighing 2.49 carats by JAR shocked everyone with a sale price more than triple its high estimate of $500,000, selling for more than $1.8 million.
- The other diamond ring by JAR, formerly belonging to Lily Safra and sold by Christie’s in 2012, featuring a 15.75-carat fancy intense yellow diamond, sold for $809,000 (est. $500,000 – $700,000)
- An Art Deco sapphire and diamond necklace by Tiffany & Co. suspending a 29.59-carat oval-cut Ceylon sapphire fetched a total of $449,000, far more than its high estimate of $180,000
- The necklace and earrings suite of Belle Époque jewelry by Paulding Farnham for Tiffany & Co. exceeded its $250,000 high estimate with a final sale price of $389,000
- A ‘Mystery-Set’ ruby and diamond flower brooch by Van Cleef & Arpels sold for more than double its high estimate of $150,000 with its sale price of $365,000
A number of big ticket items did not sell during the auction, the biggest one being a 50-carat briolette-cut D-color, flawless diamond whose estimate was $5.5 to $7.5 million.