Auction News

Christie’s Magnificent Jewels Auction Raises $8.6 Million for Charity

Christie's Sale Results

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.

Pink Diamond Ring

6-carat fancy intense pink diamond and diamond ring by Harry Winston from the collection of Riki and Jerome Shaw sold for more than $5.7 million.

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.

Lot 129 - A Superb Ruby and Diamond Ring

6.25 Burmese ruby and diamond ring from the collection Riki and Jerome Shaw 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.

Lot 255 - A Sensational Pair of Diamond Ear Pendants

The top lot of the sale was this pair of diamond ear pendants that sold for more than $8.5 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.

Lot 95 - A Colored Diamond and Diamond Ring, by JAR

2.49- carat, old-mine cut fancy yellowish green diamond ring by JAR fetched $1.8 million.

Other highlights from the sale include:

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.

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