Only a day after Sotheby’s tremendous May sale, Christie’s held it’s Magnificent Jewels auction in Geneva yesterday. Surpassing its estimate, the sale achieved a total of $97.5 million with 77% lots sold and 81% lots sold by value. A total of 19 lots sold over $1 million to help reach the overall total, led by a Fancy Vivid pink diamond ring of 5.18 carats that sold for $10.7 million.
The pink diamond was followed by a record-breaking 25.09-carat Kashmir sapphire that brought in $7.3 million and set a world auction record for a Kashmir sapphire.
Demand for jewels by JAR remains fierce as four pieces by the Paris-based designer fetched a combined total of $1.7 million:
- A Burmese sapphire, amethyst and diamond ring, by JAR, 1988, fetched $784,500.
- A pair of tourmaline, agate and diamond Camellia brooches, by JAR, 1985, sold for $524,803.
- A pair of sapphire and diamond ‘Shield’ earclips, by JAR, 1991, achieved $226,152.
- A tourmaline, garnet, emerald and diamond fibula brooch, by JAR, 1993, reeled in $200,183
The pair of antique Colombian emerald bangles, circa 1900, also fared well and achieved a total of $1.7 million.
A few of the sale’s highlights failed to sell, however, including the Maria Christina Royal Devant-de-Corsage brooch (est. $1.5 – 2 million), a colored diamond and natural pearl necklace, by Cartier (est. $2.1 – $2.7 million), a 21.75 D Flawless Type IIa diamond ring, by Mitsuo Kaji (est. $3 – 3.7 million), and an impressive natural pearl and diamond necklace (est. $2.6 – $3.7 million).