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Christie's Magnificent Jewels Sale Achieves Almost $47M

Oct 16, 2013 10:31 AM   By Deena Taylor
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RAPAPORT... Christie's New York sale of magnificent jewels achieved $46,675,125, which was above the presale estimate of $40 million, and was 75 percent sold by lot, with the top  seven lots selling for more than $1 million each.
diamond auction
The sale offered three loose stones from gem collectors (pictured in order) with the top lot being an 8.77-carat, VVS1, rectangular‐cut fancy intense pink diamond ring that sold within estimate to Moussaieff Jewellers for $6,325,000. A 3.81-carat, VS1, fancy vivid blue, rectangular-cut diamond ring sold above its high presale estimate of $3.5 million and achieved $3,973,000. The third loose stone, a 5.13-carat, square-cut fancy vivid yellow diamond, sold within estimate at $269,000.

Other top lots included a rectangular-cut, 25.30-carat D, VVS1 diamond, flanked on either side by a tapered baguette-cut diamond and mounted in platinum, which sold for $3,133,000.

An 18.28-carat, D, VVS2, cushion-cut diamond ring fetched $2,045,000 and a 15.88-carat cushion-cut Kashmir sapphire and diamond ring sold for $1,805,000.

A 10.74-carat, D, internally flawless, cut-cornered rectangular-cut diamond ring achieved $1,385,000,  while an approximately 17.00-carat, F, VS1, cut-cornered rectangular-cut diamond ring sold for $1,265,000.

Rahul Kadakia, the head of jewelry for Christie’s Americas & Switzerland, said, “Colored diamonds kicked off the first major
jewelry sale of the season at Christie’s New York. The collection s of Diana Dollar Knowles and The Estate of the Honorable Noreen Stonor Drexel performed very well with some of the finest examples of vintage David Webb jewels. Eva Perón’s Argentine flag brooch was offered for the second time at Christie’s, after 15 years and was acquired by an Argentinean collector for $461,000. We look forward to our week of sales at Christie’s Geneva, where we will offer 'The Orange,' the largest fancy vivid orange diamond in the world.''
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