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Bonhams Jewelry Sale Achieves Strong Prices for Pearls
Sep 18, 2014 9:23 AM
By Jeff Miller
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RAPAPORT... Bonhams fine jewelry sale in London achieved $6.7 million (GBP 4.2 million) with natural pearls experiencing impressive prices. Seventy-five pearls, fastened with a diamond clasp, was the most valuable lot of the sale at $319,000 (GBP 194,500) and a single-row pearl necklace of 70 pearls achieved $181,000 (GBP 110,500) against a high presale estimate of only $14,700. A three-row necklace of natural saltwater pearls sold for quadruple the presale estimate at $151,500 (GBP 92,500).
Additionally, a natural pearl and diamond ring sold for $77,800 (GBP 47,500), more than twice the high presale estimate. Diamonds, too, achieved strong prices led by a 12.63-carat, fancy yellow diamond ring that sold for $240,000 (GBP 146,600). A sapphire and diamond pelouse - or lawn - suite by Van Cleef & Arpels sold for just under $240,000 (GBP 146,500).
Jean Ghika, the director of jewelry for Bonhams, said, “The market for natural pearls continues to escalate with good-quality specimens attracting a discerning international clientele. Signed period jewels also made astonishing prices, underlining how quality statement jewels are highly sought after by ladies who require a unique look.”
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Tags:
auction, bonhams, Jeff Miller, Jewelry, pearls
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