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Christie's London Sale Nears $14M

Jun 5, 2014 7:53 AM   By Deena Taylor
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RAPAPORT... Christie's important jewels auction in London garnered $13.6 million (GBP 8.1 million) and was 73 percent sold by lot.  The top lot was a rare enamel and diamond snake wristwatch by Bulgari, circa 1965, which fetched $1.1 million, setting a world record price for a Bulgari snake watch at auction.

Other prominent lots included an 18.27-carat, VVS1, fancy brown-yellow diamond set in a diamond bracelet, which sold for $635,842 and a pear-shaped, 5.01-carat, D, IF diamond ring that garnered $364,114 or $73,000 per carat.

An early 20th century, cushion-shaped, 4.60-carat, Kashmir sapphire and diamond bar brooch sold for $304,958 or $66,000 per carat, while a marquise-cut, 8.50-carat, H, VS2 diamond ring fetched $264,854 or $31,159 per carat.

“The important jewels sale in London demonstrated that once again the appetite for good-quality period and signed jewels is unabated, with competitive bidding from every continent," said Keith Penton, the head of Christie's London jewelry department. He noted that the traditional Cartier section was 100 percent sold by lot for a total of $1.6 million.

Christie's will hold its next important jewels auction in New York.
Tags: Bulgari, BVLGARI, Christie, Deena Taylor, enamel, Important Jewels
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