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Christie’s Garners $7M at Paris Auction

Dec 8, 2019 7:49 AM   By Rapaport News
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RAPAPORT... Christie’s brought in $6.9 million from its Fine Jewels sale in Paris, with a fancy orangey-pink diamond ring fetching more than eight times its high estimate.

The old-cut, 6.32-carat, type IIa, VS2-clarity diamond was the top-grossing lot, going for $717,596 against a high estimate of EUR 80,000 ($88,473), or $113,544 per carat. Christie’s sold a total of 80% of the lots on offer at last week’s auction.

A rectangular cut-cornered, 11.16-carat, E-color, VVS1-clarity, type IIa diamond ring, flanked by baguette-cut diamonds, brought in $544,306, breaking its high valuation of EUR 300,000 ($331,773).

Meanwhile, several other pieces smashed their upper presale estimates, including a rare Art Deco bracelet by Cartier featuring cabochon coral beads, black enamel and circular-cut diamonds. The piece, made in the 1940s, went for $490,986, beating its EUR 200,000 ($221,182) estimate. A marquise-cut, 3.01-carat, fancy light-pink, VVS1-clarity diamond ring by De Beers went for more than four times its EUR 75,000 ($82,943) estimate, selling for $344,357, or $114,404 per carat.

A Belle Époque brooch set with a rectangular-cut, 15.55-carat emerald, surrounded by old-cut and single-cut diamonds, fetched $236,051, over seven times its EUR 30,000 ($33,177) valuation. Pieces by renowned jewelry houses also did well, including a Bulgari necklace, which garnered more than five times its high estimate.

Image: The 6.32-carat orangey-pink diamond. (Christie’s)
Tags: Bulgari, Cartier, Christie’s, Christie’s Fine Jewels Paris, De Beers, Fine jewels, Rapaport News
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