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Christie's Geneva Auctions Net $110M

May 17, 2012 8:05 AM   By Deena Taylor
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RAPAPORT... Christie's achieved a combined total of $110,189,044 at its three Geneva auctions held this week. This is the highest sales total for a series of jewelry auctions at Christie's Geneva, the auction house said.

Christie's Magnificent Jewels sale realized $72,264,493 and was 84 percent sold by lot and 86 percent sold by value. The top lot was an antique Indian emerald, diamond and enamel sarpech, which sold for $4,718,060 setting a world record price for an Indian sarpech at auction. A pair of 16.21-carat and 15.67-carat, pear-shaped, D, VVS2, potentially IF diamond ear pendants by Harry Winston sold for $4,065,100 million or $127,500 per carat.

Another record price per carat was set when Laurence Graff purchased a 47.15-carat octagonal-cut Burmese sapphire brooch by Mellerio for $77,500 per carat or a total of $3,649,580. Additionally, a  cushion-shaped fancy yellow, 14.66-carat, VS1 diamond and a 52.28-carat, VS1 square-cut fancy intense yellow diamond brooch achieved $2,996,620.

“World record prices were achieved all through the week as we completed the most valuable series of auctions at Christie’s Geneva," said Rahul Kadakia, the head of Christie's Geneva and New York jewelery departments. "From the ‘Hope Ruby’ sold for a record $6.5million from the collection of Mrs. Lily Safra to an Indian emerald sarpech, which achieved a sensational price after a 10 minute bidding-war in the saleroom between two determined bidders, jewelry buyers from all over the world showed great depth as they bid at the highest levels for every rare jewel and gem offered."

Earlier in the week, renowned jewelers who won top lots during the Lily Safra ''Jewels for Hope'' charity auction  included Leviev, who bought a pair (19.43-carat and 19.16-carat) of pear-shaped, D, potentially IF, type IIa  diamonds for $138,000 per carat or $5.3 million, and Chatila, who bought a 34.05-carat rectangular-cut, D, potentially IF diamond for $5.1 million or $150,000 per carat.

*Pictured: 32.08 carat cushion-shaped Burmese ruby and diamond ring by Chaumet and an antique Indian emerald, diamond and enamel sarpech. 
Tags: chatila, Christie's, Deena Taylor, Laurence Graff, Leviev
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