Christie's

Solid Results in New York after Christie’s Magnificent Jewels Sale

Christie's NY

The U.S. market remains strong after Christie’s New York Magnificent Jewels sale achieved $41.2 million yesterday, meeting its estimate in excess of $40 million. With 77% sold by lot and by value, the auction saw 238 of its 310 lots find new owners.

Fancy Intense Purplish Pink

The Fancy Intense Purplish Pink Diamond that sold for $5,765,000

Although the 80.73-carat cushion-shaped diamond (est. $4 – 5 million) was withdrawn, eight lots surpassed the million dollar mark. The highest earner was a 5.29-carat Fancy Intense purplish pink diamond that sold for $5,765,000, or $1,090,000 per carat. The stunning pink stone was purchased by a buyer in the U.S. trade. The catalogue cover lot, a four-strand natural colored pearl necklace, fetched $5,093,000, setting a world auction record price for a natural colored pearl necklace. An Asian private had the record-setting winning bid.

Lot 160 (B)

The four-strand natural colored pearl necklace sold for $5,093,000

 

Additional stone highlights from the sale include:

  • A 25.49-carat pear-shaped D color potentially IF diamond pendant, by Graff sold for $3,413,000, or $134,000 per carat.
  • A circular-cut 5.04-carat Fancy gray-blue diamond sold for $2,285,000, or $453,000 per carat.
  • A 9.40-carat Burmese ruby sold for $2,165,000, or $230,000 per carat.
  • An important diamond necklace, by Graff, featuring three rows of 72 graduated square or rectangular-cut diamonds and 75 circular-cut diamonds sold for $1,385,000.
Fancy Gray Blue

A 5.04-carat Fancy gray-blue diamond that sold for $2,285,000

 

The demand for JAR remains as strong as ever as the two pairs of earrings by the designer in the sale fetch astronomical prices. The first pair, set with multi-colored sapphires and diamonds and with a modest estimate of $30,000 to $50,000, sold for $353,000 – more than 7 times its high estimate.

The first pair of JAR earrings which sold for $353,000

The first pair of JAR earrings which sold for $353,000

The second pair featuring an 8.50-carat diamond and a 11.24-carat emerald achieved more than double its high estimate with $845,000 as the winning bid.

The second pair of JAR earrings sold for $845,000

The second pair of JAR earrings sold for $845,000

 

Other jewelry highlights from the sale include:

The Millicent Rogers Heart Brooch sold for $325,000

The Millicent Rogers Heart Brooch sold for $425,000

 

While the sale did achieve its target, a few of the major highlights in addition to the 80.73-carat diamond did not sell, including:

  • A pair of diamond ear pendants, by Harry Winston, suspending 10.06 and 10.02-carat drops (est. $1.5-2 million)
  • A 22.09-carat circular-cut H VVS1 Type IIa diamond ring (est. $1.3-1.5 million)
  • A 11.88-carat Kashmir sapphire and diamond ring (est. $1.2-1.8 million)

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