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3.50ct. Blue Diamond Sets Record at Sotheby’s
Apr 22, 2018 6:17 AM
By Rapaport News
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RAPAPORT... Sotheby’s garnered $34 million across three sales
that made up its New York spring auctions, with a rare fancy
intense blue diamond ring standing out as the highlight of the event. The combined auctions were 83.3% sold by lot.
The cut-cornered, rectangular, step-cut 3.47-carat stone (pictured) set
a price-per-carat world record for a blue diamond, selling for $1.9 million per
carat at the Magnificent Jewels Auction, Sotheby’s said Friday. The $6.7
million final price nearly tripled Sotheby’s pre-sale estimate of between $2
million and $2.5 million.
Other top sellers were a 72.96-carat diamond bracelet, which
sold for $1.4 million, and a 13.70-carat Tiffany & Co. diamond ring, which yielded
$1.2 million, beating its estimate of $600,000 to $800,000. Among the lots
that failed to sell were a 7.01-carat fancy intense pink diamond ring, estimated
at $4.2 million to $5.2 million, and a 7.37-carat emerald-cut fancy intense
orangey-pink diamond ring, evaluated at $3 million to $5 million. The magnificent Jewels sale totaled $26.2 million.
Sotheby’s also brought in a total of $2.8 million at the Jeweler’s
Eye auction of Fred Leighton’s personal collection, which included his jewelry, furniture and accessories. The event saw $1.6 million in jewelry sales, which featured emerald and ruby pieces.
The Fine Jewels sale totaled $5.8 million, and included a 52.89-carat sapphire and
diamond ring by Cartier that fetched $6.2 million, the highest price ever achieved at a Sotheby’s New York Fine Jewels sale, the auction house said.
“It’s very encouraging to see the response to jewelry
offered across all price points, which attracted a broad international group of
buyers,” said Kendall Reed, head of Sotheby’s fine jewels in New York.
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Tags:
auction, Cartier, Fine jewels, Fred Leighton, Jeweler’s Eye, Kendall Reed, Magnificent Jewels auction, Rapaport News, Sotheby’s, Sotheby’s New York, Tiffany & CO.
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