Christie's New York held its Luxury Week of auctions featuring jewelry, watches, wine and art. The sale of Important Jewels, held on June 12, realized a total of $14,596,525 and was 89 percent sold by lot. The top lot was a 22.46-carat, E, VS2 diamond ring by David Webb that sold above estimate for $1,874,500. A 14.82-carat, E, VVS2 pear-shaped diamond fetched $1,594,500, well above estimate. Another diamond, a 15.65-carat, F, VS1 sold for slightly above its estimate at $1,538,500 and a second David Webb ring, a 39.83-carat, VS1 fancy vivid yellow diamond sold within its estimate at $1,426,500. Rounding out the million-dollar lots, a 10.52-carat, D, IF rectangular-cut diamond topped its estimate range at $1,258,500.
Rahul Kadakia, the head of jewelry at Christie’s, said, “Diamonds have been the flavor of the season, with top prices achieved in Geneva, Hong Kong and New York through spring 2012 as seasoned collectors and new economies went head to head for the best.”