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Sotheby’s Garners $21.5M at New York Auctions
Apr 18, 2019 5:34 AM
By Rapaport News
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RAPAPORT... Two Sotheby’s New York auctions brought in a combined $21.5
million Wednesday, with a blue-diamond ring achieving the top price.
The cut-cornered square modified brilliant-cut, 3.24-carat,
fancy-intense-blue, VVS1-clarity diamond ring, flanked by two pear-shaped
diamonds, fetched $2.3 million, or $709,877 per carat. It had been estimated at $2.5
million to $3 million for the Magnificent Jewels sale.
Other notable items at the sale included a pair of round,
F-color, VS2-clarity diamond earclips by Betteridge. The jewels, each weighing
20.27 carats, sold for $1.7 million, at the high end of their presale estimate
of $1.3 million to $1.8 million. A round, 30.40-carat, H-color, VS2-clarity
diamond ring by the same jeweler garnered $1.2 million, beating its high estimate of
$1.1 million.
Additionally, a Serpenti necklace by Bulgari, comprising 260
carats of diamonds, went for $920,000, within its presale valuation of $800,000
to $1 million. The piece is transformable: It can also be worn as a belt.
In total, the Magnificent Jewels auction earned $17.7
million. The subsequent Fine Jewels sale yielded $3.9 million, with 82% of lots
sold. Signed pieces by Cartier, Van Cleef & Arpels, and Tiffany & Co.
proved popular with buyers.
Image: The 3.24-carat blue-diamond ring. (Sotheby’s)
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Tags:
Betteridge, Bulgari, Cartier, Fine jewels, Magnificent Jewels, new york, Rapaport News, Serpenti, Sotheby’s, Sotheby’s New York, Tiffany & Co, Van Cleef & Arpels
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