News

Advanced Search

Top Diamond Lot Fails to Sell at Sotheby’s NY

Sep 26, 2016 12:41 PM   By Rapaport News
Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Sotheby’s Important Jewels sale in New York garnered $9 million as its headline piece failed to find a buyer.

Bids for the oval, 27.35-carat, D-color, VS2-clarity diamond and platinum ring did not meet its reserve price after Sotheby’s estimated it would sell for $2 million to $2.5 million, or up to $91,408 per carat. The auctioneer did not disclose the highest bid it received for the stone.

The top selling lot was a Bulgari ring comprising a cushion-cut, 24.72-carat sapphire surrounded by pear-shaped diamonds with a total carat weight of 9 carats. The hammer price of $706,000 was well above the pre-sale estimate of $250,000 to $350,000.

Separately, a platinum ring featuring a marquise-shaped, 10.10-carat, D-color, VVS2-clarity diamond flanked by two tapered baguette diamonds sold for $634,000, also beating its estimate of $300,000 to $400,000.
Tags: Auctions, Bulgari, Important Jewels, new york, Rapaport News, Sotheby’s
Similar Articles
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.