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Christie's Geneva Auction Nets $61M

Graff Notches Top Lot

Nov 17, 2011 5:32 AM   By Avi Krawitz
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RAPAPORT... Christies reported that its Geneva jewelry sale garnered $61.3 million (CHF 56.3 million) with 77 percent of the 361 lots sold.

“Even in the present uncertain economic times, jewelry prices fetched new levels,” said Jean-Marc Lunel, the head of Christie’s Geneva jewelry department.

The total sale was buoyed by the top lot, an oval-shaped, 24.30-carat, D, internally flawless diamond ring, that was sold to Laurence Graff for $4 million (CHF 3.7 million), or $164,000 per carat. Among the other top lots were a pair of pear-shaped diamond pendants by Harry Winston – 15.72 carats, D, VVS2 and 15.57 carats, E, VVS2, which sold for $3 million (CHF 2.8 million), or $96,000 per carat, to a member of the U.K. trade.

A cushion-shape, 79-carat, VS1, fancy yellow diamond ring sold for $3 million (CHF 2.7 million), or $38,000 per carat, to a member of the U.S. trade.

Christie’s Geneva also presented a viewing of highlights from the Elizabeth Taylor jewelry collection, which will be auctioned in New York in December.



Tags: Avi Krawitz, Christie's, diamonds, Laurence Graff, Polished Diamonds, Rapaport
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