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Christie’s Jewelry Sales +56% to $426M

Feb 3, 2011 12:58 PM   By Denise Romano
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RAPAPORT... Christie’s International reported record-breaking results for its own global jewelry sales during 2010. Sales increased by 56 percent to $426.4 million, compared with 2009, which was the highest annual total the group achieved from auctions and blew away the $395 million total from 2007.  Christie’s Americas reported its best jewelry total ever at $130.5 million. Christie’s Asia, with its flagship Hong Kong auctions, had the company’s best jewelry sales totaling $163 million, mostly due to a renewed confidence in the jewelry market and new buyers in Europe, the U.S. and Asia, especially in mainland China.  

François Curiel, international head of jewelry and president of Christie’s Asia, observed, “I recall the years when reaching $200 million, then $300 million in jewelry sales seemed like insurmountable milestones.  Our 2010 total moves Christie’s well beyond the $400 million threshold and onto a whole new level in the global marketplace.

"In this new climate, where large colored and colorless diamonds, rare gemstones, and signed jewels are attracting an ever-expanding community of collectors and investors from around the world, our team has again demonstrated the resourcefulness and expertise that makes Christie’s the undisputed leader in the global jewelry market,” he concluded.

Here is a list of Christie's top 10 selling jewels of 2010:

The Perfect Pink, a 14.23-ct. rectangular cut, fancy intense pink diamond ring, which sold for a record $23 million in Hong Kong, was the most expensive jewel ever sold at an auction in Asia;

The Bulgari Blue, a two-stone triangular-cut fancy vivid blue diamond of 10.95 carats and a 9.87- carat, triangular-cut diamond, which sold for $15.7 million in New York, took top auction price per carat for a blue diamond;

A single strand jadeite beaded necklace sold for $7.2 million in Hong Kong;

A 49.61-carat Kashmir sapphire and diamond bracelet by Cartier sold for  $6.9 million in Hong Kong, a world auction record for any bracelet;

A 6.89-carat rectangular-cut fancy vivid purple-pink diamond was sold for $6.9 million in New York;

A 40.2-carat rectangular-cut D flawless diamond sold for $5.1 million in Geneva;

A 155.17-carat total circular cut diamond rivière sold for  $4.7 million in Geneva;  

A 5.01-carat heart shaped fancy vivid blue diamond ring sold for $4.7 million in Hong Kong;

A pair of fancy deep blue heart-shaped diamonds of 2.48-carat and 2.03-carat suspending a pair of 10.12-carat and 9.64-carat pear-shaped diamonds, sold for $4.4 million in Hong Kong:

A heart-shaped 28.28-carat internally flawless diamond sold for $3.7 million in New York.
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