Advanced Search

Marquise 18ct. Diamond Tops Sotheby's NY Sale

Dec 11, 2016 7:20 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

Sotheby’s sold $29.7 million worth of jewelry at two auctions in New York last week, with a diamond ring from the collection of philanthropist Marjorie Fisher turning out to be the most expensive item.

The marquise-shaped, 18.04-carat, D-color, VVS1-clarity diamond fetched $1.8 million, or $102,134 per carat, after “intense competition between five bidders on the telephone and in the room,” Sotheby’s said. This price surpassed a pre-sale estimate of $1.25 million to $1.75 million.

The ring was part of a collection of more than 300 jewels once owned by the late Fisher. The items went under the hammer for a combined $10.6 million, beating an overall upper estimate of $9.6 million.

Other significant lots, not in the Fisher collection, included a pear-shaped, 18.10-carat, D-color, VS1-clarity diamond ring, which found a buyer for $1.5 million, or $80,249 per carat. Separately, a cushion-cut, 10.19-carat, D-color, internally flawless diamond went for $1.3 million, or $130,765 per carat.

Sotheby’s sold all three diamonds at its Magnificent Jewels auction on December 8, which fetched a total of $25.2 million and was 87 percent sold by lot and 77.2 percent sold by value. A separate auction on December 9, the Fine Jewels sale, garnered $4.6 million, with the event 80 percent sold by lot and 87.3 percent sold by value.
Tags: Auctions, Fine jewels, Magnificent Jewels, Marjorie Fisher, new york, Rapaport News, Sotheby’s, u.s.
Similar Articles
Rapaport LogoRapaport Weekly Market Comment
Jul 19, 2018
Slow trading, with dealers in summer vacation mode. Bargain-hunters asking for higher discounts during quiet
Plump ClubPlumb Club Names New President
Jul 18, 2018
The Plumb Club, an alliance of suppliers to the jewelry, diamond and watch industries, has elected Michael
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.