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Twin-Stone Ring Fetches $7M at Christie’s

Apr 17, 2019 5:52 AM   By Rapaport News
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 Christie’s New York Magnificent Jewels auction garnered $30.3 million on Tuesday, with a twin-stone ring leading the sale.

The piece, bearing two pear modified brilliant-cut, fancy-vivid-blue, VS2-clarity diamonds weighing 3.06 and 2.61 carats, fetched $6.7 million, or $1.2 million per carat. Its presale estimate was $6 million to $8 million.

Christie’s sold six additional lots for more than $1 million each, among them a rectangular-cut, 16.33-carat, D-color, VVS1-clarity, type IIa diamond ring with the potential to be internally flawless. The jewel sold for $1.6 million, achieving $96,500 per carat. Its presale valuation was $1.2 million to $2.2 million.

A marquise-cut, D-color, VVS2-clarity, type IIa diamond ring weighing 16.69 carats fetched $1.5 million. The piece, from the collection of Elizabeth Stafford, duchess of Norfolk, had an estimate of $1.2 million to $1.8 million.

Other notable lots included an oval-cut, 6.11-carat, fancy-pink diamond ring, which fetched $230,000 per carat. It achieved a total price of $1.4 million, falling within its estimate of $1.2 million to $1.5 million.

Christie’s sold 86% of the lots offered at the auction.

Image: The twin-stone ring. (Christies)
Tags: Christie’s, duchess of Norfolk, Elizabeth Stafford, Magnificent Jewels, new york, Rapaport News
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