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Black Pearl Necklace Leads Christie's Spring Sale

Mar 16, 2015 7:07 AM   By Deena Taylor
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RAPAPORT... Christie’s will hold its spring sale of magnificent jewels in New York on April 14. The sale will feature 300 jewels, including diamonds, rare colored gemstones and natural pearls. The sale is expected to achieve a total in excess of $40 million.

The top lot is a four-strand natural colored saltwater pearl necklace (pictured) with a presale estimate of between $3.8 million and $4.5 million. Black pearls are known for their rarity with very few sold at auction over the past 50 years, according to the auction house. Christie's last sold black pearls in 2012 in London, when the Cowdray Pearls fetched $3.3 million.

Among the top diamond lots is an 80.73-carat, cushion-shaped diamond estimated to fetch up to $5 million and a 5.29-carat, fancy intense purplish pink diamond with a presale estimate of $3.5 million to $5 million. A 24.49-carat, pear-shaped, D, internally flawless diamond has a presale estimate of between $2.5 million and 3.5 million, while a 5.04-carat circular-cut fancy gray-blue diamond has a presale estimate of $1.75 million to $2.5 million.

Other lots on offer include iconic jewels by Graff, Bulgari, Cartier, Harry Winston, JAR and Van Cleef & Arpels.

Tags: black pearls, Christie's, Deena Taylor, diamonds
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