Advanced Search

Sotheby’s Scores $36M at Geneva Sale

May 11, 2022 8:47 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

Sotheby’s garnered $36.4 million from its most recent Geneva sale, even as several top lots failed to find buyers.

A 7.17-carat, fancy-intense-purple-pink, VVS2-clarity diamond ring was the top seller at the May 10 Magnificent Jewels and Noble Jewels auction. The cut-cornered rectangular modified brilliant-cut stone brought in $5.6 million, or $790,464 per carat, within its price estimate, Sotheby’s said Wednesday.

A gem-set and diamond bracelet called Birds in Flight, created in 1927 by designer Oscar Heyman, fetched $1.5 million, nearly double its high estimate. Meanwhile, a diamond pendant also exceeded its presale price. The jewel, which features an old-mine brilliant-cut, 51.15-carat, fancy-yellow, SI1-clarity diamond, went for $1.3 million against its $753,716 presale high estimate.

Other notable items included a cushion-shaped, 12.39-carat, faint-pink, VVS1-clarity, type IIa diamond ring, and a pear-shaped, 15.66-carat, D-color, VS1-clarity diamond ring by Schroeder. Each of those garnered $1.1 million, within their expected price ranges.

Meanwhile, the lead item at the auction, a step-cut, 80.08-carat, D-color diamond and ruby ring by Chopard, failed to sell. Sotheby’s had predicted that item would fetch more than CHF 8 million ($8.1 million). Additionally, a heart-shaped, 15.23-carat, fancy-intense-orangey-pink diamond ring with a high price of CHF 5.6 million ($5.6 million) also remained unsold, as did a cushion-shaped, 3.14-carat, fancy-intense-blue diamond ring expected to bring in up to CHF 2.2 million ($2.3 million).

In total, Sotheby’s sold 77% of items on offer at the auction, it noted.

Image: The 7.17-carat, fancy-intense-purple-pink diamond ring. (Sotheby’s)
Tags: Chopard, diamonds, geneva, Jewelry, Magnificent Jewels and Noble Jewels, Oscar Heyman, Rapaport News, Sotheby’s
Similar Articles
SuratIndia Sees Drop in Rough, Polished Trading
May 22, 2022
India’s polished-diamond exports slipped 3% year on year in April, while rough imports fell 23%, reflecting a global
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.