Auctions Bonhams

Hope Spinel Sets New Auction Record at Bonhams London

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Earlier today at Bonhams London, the Hope Spinel sent the interwebs and social media aflutter with its historic hammer price of $1,464,662 (including premium) as the second to last lot of the Fine Jewelry sale. At $30,000 per carat, the Hope Spinel set a new record price per carat for a spinel previously set in 2013 at $16,000 per carat. The last time the historic stone was sold at auction it went for £1,060, or £80,000 ($122,140) in today’s money.

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The Hope Spinel set a new auction record price per carat.

Jean Ghika, Director of Bonhams Jewelry for the UK and Europe commented after the sale: “We are delighted with the price it has made. It was an exceptional gemstone with a priceless provenance and these pieces just don’t come to the open market often and when they do, they are hotly contested.”

An exceptional Art Deco enamel, gem-set and diamond 'Tutti Frutti' bracelet, by Cartier, New York, 1929

An exceptional Art Deco enamel, gem-set and diamond ‘Tutti Frutti’ bracelet, by Cartier, New York, 1929, sold for $697,711.

Many of the sale’s other highlights also fared well, including the Cartier Art Deco Tutti Frutti bracelet that fetched nearly $700,000. The Belperron ‘Torsade’ bangle, circa 1932, sold for nearly two and a half times its high estimate, achieving an incredible $250,324. One jewel highlight that did not sell, somewhat surprisingly, was the Van Cleef & Arpels Art Deco emerald ring (Estimate: $190,000-230,000).

A diamond 'Torsade' bangle, by Suzanne Belperron, circa 1932, sold for $250,324.

A diamond ‘Torsade’ bangle, by Suzanne Belperron, circa 1932, sold for $250,324.

More of the sale’s top lots include:

 

 

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