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Bulgari Blue Fetches $18M at Christie’s
Dec 6, 2018 4:40 AM
By Rapaport News
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RAPAPORT... A Bulgari diamond ring surpassed its estimate at Christie’s in
New York on Wednesday, bringing in more than $18 million.
The cushion-cut, 8.08-carat, fancy-vivid-blue piece was the event’s
top seller at $18.3 million, beating its presale estimate of $13 million to $18
million. It completes a mixed week for colored-diamond sales after a 10.62-carat,
fancy-vivid-blue diamond — estimated at $20 million to $30 million — failed
to find a buyer at Sotheby’s in New York on Tuesday.
Proceeds at Christie’s Magnificent Jewels auction came to $69.2 million, with 95% of lots sold by value. Those items
included a heart-shaped, 15.56-carat, fancy intense-pink diamond-pendant
necklace, which garnered $9.5 million against a presale estimate of $9.5
million to $12 million.
Other notable lots included a 28.70-carat, D-color,
VVS2-clarity, type IIa diamond ring from the estate of art collector Lee
Vandervelde. That piece sold for $2.1 million, against its $1.5 million to $2.5 million presale estimate, with proceeds benefiting the Los Angeles-based
Children’s Hospital and Children’s Institute.
A pair of earrings weighing a combined 77.71 carats, cut
from the 187.63-carat Diavik Foxfire — North America’s largest known
gem-quality rough diamond — brought in $1.6 million. Its original valuation was $1.3
million to $3 million. An 8.09-carat, fancy-vivid-yellow diamond ring by Gillot
& Co. achieved $1.3 million, versus its presale estimate of $900,000 to
$1.2 million.
A diamond “tube” bracelet by Suzanne Belperron went for
$852,500, smashing its expected price of $200,000 to $300,000 and setting a
world auction record for pieces by the designer.
“The excitement and prices achieved in our New York sale
tonight, including the exceptional price achieved for the sensational
fancy-vivid-blue diamond ring by Bulgari, and the world auction record realized
for Suzanne Belperron, mark a perfect ending to our successful year of global
jewelry auctions,” said Daphne Lingon, head of jewelry for Christie’s Americas.
Image: The 8.08-carat Bulgari blue diamond. (Christie’s)
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Tags:
Bulgari, Christie’s, Daphne Lingon, Diavik Foxfire, Lee Vandervelde, Magnificent Jewels, new york, Rapaport News, Suzanne Belperron
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