Advanced Search

Kashmir Sapphire Beats Estimate at Bonhams

Dec 8, 2020 7:49 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

Bonhams sold a Kashmir sapphire and diamond brooch for $1.1 million at its New York Jewels auction, bringing in more than double its low valuation and surpassing its high estimate.

The cushion-shaped mixed-cut, 17.21-carat sapphire, flanked by marquise- and pear-shaped table-cut diamonds, was created in 1910. It led the December 7 sale, which achieved a total of $3.8 million, Bonhams said Tuesday.

A ring featuring an oval-shaped mixed-cut, 39.36-carat sapphire, surrounded by round brilliant-cut diamonds, went for $250,313, just over its high valuation. Meanwhile, an old pear-shaped brilliant-cut, 5.80-carat diamond ring fetched $169,063, well exceeding its $100,000 high estimate. A pair of earrings containing round brilliant-cut diamonds weighing 10.28 and 10.34 carats also garnered $169,063, smashing its high estimate.

Other notable items included a collection of signed jewels from the estate of philanthropist Mary Lee Hermann. The group, which featured pieces from David Webb, Verdura, Cartier, Tiffany & Co., Buccellati, and Bulgari, sold in full, bringing in $364,000 against a high estimate of $290,500.

While Bonhams scored with the sale of a Kashmir sapphire, a similar stone failed to find a buyer at Phillips’s New York sale. The cushion-shaped modified brilliant-cut, 19.42-carat Kashmir sapphire was expected to fetch $1 million to $1.5 million at Monday’s auction.

Image: The 17.21-carat Kashmir sapphire brooch. (Bonhams)
Tags: bonhams, Buccellati, Bulgari, Cartier, David Webb, Mary Lee Hermann, New York Jewels auction, Phillips, Rapaport News, Tiffany & Co, Verdura
Similar Articles
Orangey Red DiamondOrangy-Red Diamond Sells for $1.8M
Oct 03, 2022
A richly colored diamond initially suspected to be treated soared past expectations at Heritage Auctions last week, fetching
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2022 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
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.