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RAPAPORT... Heritage Auctions' sale of fine jewelry achieved $5 million earlier this month with the top lot, a 5-carat, fancy light pink diamond ring by Chopard, selling for $605,000. The company stated that multiple bidders competed for large, single diamonds and exceptional pieces by top designers, including a 6-carat fancy pink diamond bracelet, also by Chopard, which sold for $485,000.
“Determined collectors sought out big diamond lots and fabulous statement pieces,” said Jill Burgum, the senior director of fine jewelry at Heritage Auctions. “Showy pieces claimed the top lot honors with colored diamonds and unmounted gems sparking spirited bidding.” One 8-carat, H, internally flawless, unmounted diamond sold for $221,000 and a 16.87-carat unmounted diamond, from the Kelsey Lake Mine in Colorado, hammered for $185,000. Heritage stated that the Kelsey stone set a record as the largest polished diamond of North American origin and it was offered with a letter from Diamond Company N.L. describing the discovery of the 28.20-carat rough diamond. Other highlights included a Cartier diamond and platinum necklace of 52.71 total carat weight, that sold for $125,000 and a 7.98-carat Burma sapphire, diamond, platinum and gold ring that realized a price of $66,000.
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