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Diamonds Shine in Bonhams London Auction

Dec 5, 2016 10:11 AM   By Rapaport News
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Bonhams sold $8.6 million (GBP 6.8 million) worth of jewelry at an auction in London as the most expensive diamond lot went under the hammer for $79,000 per carat.

The pear-shape, 12.08-carats, D-color, VVS1-clarity diamond ring sold to a telephone bidder for $975,797, beating its pre-sale upper estimate of $883,645.

The auctioneer also sold a brilliant-cut, 11.17-carat, E-color, VVS2-clarity diamond ring for $703,129, or $61,700 per carat. Another diamond with a step cut, weighing 21.33 carats, with fancy pink-brown color and VVS2 clarity fetched $915,204, or $42,907 per carat.

While diamonds made up most of the more expensive items at the auction, the top lot was a 14.13-carat Kashmir sapphire ring. The stone drew a winning bid of $1.7 million, surpassing pre-sale guidance of up to $1 million.

Bonhams’ Fine Jewellery sale was held in London December 4. The company has scheduled auctions in New York on Tuesday and in Knightsbridge, London, on December 12.
Tags: Auctions, bonhams, london, Rapaport News, sapphire
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