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.
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.”
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).
More of the sale’s top lots include:
- A natural pearl ring (est. $78,000-110,000) sold for $314,236.
- A pair of Art Deco diamond pendent earrings, by Cartier, circa 1925 (est. $31,000-47,000) sold for $204,672.
- A mid 20th century pearl necklace with sapphire and diamond clasp sold for $213,802.
- A sapphire and diamond necklace, ring and earring suite sold for $314,236.