Color gems and classic diamonds sparkled the brightest during Bonhams Fine Jewelry auction in New York earlier this week. The star lot of the sale and the catalogue’s cover, an important diamond rivière necklace with over 79 carats of diamonds brought in just over $1.2 million, boosting the overall total to $3.8 million.
“This was one of many pieces in the auction that exemplified connoisseurship,” said Susan Abeles, Director of Fine Jewelry at Bonhams US. “The necklace – which is similar to one that Beyonce wore at the Oscars’ after-party – shows that round diamonds are storming back into fashion. This set of diamonds has a classical, timeless elegance that shines through.”
Classic diamonds aside, it was the color gemstones that really stole the show right from the beginning. The fourth lot in the sale, a turn of the century imperial topaz and diamond pendant brooch, circa 1900, achieved a price nearly ten times its high estimate, selling for $87,500. The mauve hued stones set the stage early for more spectacular prices achieved for colored stones.
One of the sale’s most stunning pieces, a 25-carat Ceylon sapphire and diamond ring by M. Gérard reached a total of $581,000, while a pair of Colombian emerald and diamond earrings fetched almost double its high estimate when it sold for $118,750.
“I was pleased to see that fine color gemstones still garner attention and continue to command good prices,” said Abeles. “While we have seen a change in the colorless diamond market, circular cut diamonds brought strong prices too.”
The next Fine Jewelry sale at Bonhams will be held on July 7 in the UK, at the Oxford saleroom.