The mining giant also wants to offload its platinum business as part of an overhaul designed to “unlock significant value.”
Historic ‘Stotesbury Emerald’ Sells at Sotheby’s
The top lot of the NY sale, though, was a pair of earrings with emerald-cut diamonds weighing 20.29 and 20.02 carats that went for $5.3 million.
New York--The 34.40-carat “Stotesbury Emerald,” which has passed through the hands of three well-known American jewelry collectors in its history, sold for $996,500 Tuesday.
The final hammer price for the stone, which appeared in the Sotheby’s New York Magnificent Jewels sale, fell within its pre-sale estimate of between $800,000 and $1.2 million.
The 34.40-carat hexagonal stone has been in a number of different settings over the years, with the style changing based on its owners’ desires.
According to Sotheby’s, the green gemstone first belonged to American mining heiress and Washington, D.C., socialite Evalyn Walsh McLean, and was set in a Cartier pendant that also featured the 94.80-carat pear-shaped Star of the East diamond.
Just a few years later, after an exchange between her and the jewelry house involving the emerald and the Hope diamond went south and led to a court battle, the emerald ended up back in Cartier’s possession.
The next owner was Eva Stotesbury, the daughter of a well-known lawyer. She acquired many of her great jewels during her second marriage, to prominent financier Edward Stotesbury. She had the emerald, which would thereafter bear her name, set in a pendant with diamonds as part of a Cartier suite.
In 1943, that suite was sold to none other than Harry Winston, who set the emeralds in the suite into more contemporary pieces, according to Sotheby’s. The Stotesbury was set in a ring, the setting it still is in today, and sold to American socialite, philanthropist and jewelry collector May Bonfils Stanton.
The 34-carat emerald next appeared in the 1971 sale of Stanton’s estate by Parke-Bernet Galleries, where it went to a private buyer and has remained until its sale at Sotheby’s this week.
The emerald was the sixth highest-grossing lot in the sale, which totaled nearly $29 million.
The top lot was a pair of earrings (pictured above) comprised of two square emerald-cut diamonds weighing 20.29 and 20.02 carats, topped by two smaller square emerald-cut diamonds weighing 1.01 carats each and further accented with small round diamonds weighing approximately 0.70 carats. They sold for $5.3 million.
The earrings were followed by a rose gold pendant, set with an 11.19-carat pear-shaped fancy pink diamond that garnered $2.4 million; an emerald-cut fancy gray-blue diamond weighing 5.07 carats, accented on the mounting by baguette, triangle and single-cut diamonds weighing approximately 0.30 carats, which sold for $1.6 million; and a pair of earrings
Also topping the $1-million mark was a cut-cornered square mixed-cut fancy vivid green diamond weighing 1.64 carats, flanked by two cut-cornered triangle-shaped diamonds weighing approximately 0.65 carats, which sold for $1.2 million.
The Latest
The ad aims to position platinum jewelry as ideal for everyday wear.
Retailers can customize and print the appraisal brochures from their store.
Despite the rising prices, consumers continue to seek out the precious metal.
The move follows a price-drop test run in Q4 and comes with the addition of a “quality assurance card” from GIA for some loose diamonds.
The site has been down since Thursday evening, just ahead of its spring auctions.
Three fifth graders’ winning designs were turned into custom jewelry pieces in time for Mother’s Day.
Tradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
Kimberly Adams Russell is taking over the role from her father, David Adams, marking the third generation to hold the title.
As a token of womanhood, this necklace depicts when Venus was born from the sea.
The deal gives the retailer control over the distribution of Roberto Coin jewelry in the U.S., Canada, Caribbean, and Central America.
Show your mother some love with a piece of fine jewelry.
The company’s Easton location will remain open.
Brian D. Fleming of Carla Corporation was elected to serve a one-year term in the role.
Sponsored by the Las Vegas Antique Jewelry and Watch Show
Tobak, author of “Ice Cold: A Hip-Hop Jewelry History,” shares how the exhibition came to be, and the pieces people may be surprised to see.
Stars adorned themselves in emeralds, platinum, and myriad bird motifs, writes Associate Editor Natalie Francisco.
M.S. Rau is set to open a seasonal gallery in the high-end resort town early next month.
The branded jewelry market is thriving, said Richemont Chairman Johann Rupert.
The six designers, all participants in the show’s Diversity Action Council mentorship program, will exhibit in Salon 634.
The highlight of his collection is the coveted Patek Philippe Grandmaster Chime, which could sell for up to $5 million.
The “Venetian Link” series modernizes the classic Veneziana box chain in its bracelets and necklaces.
The Seymour & Evelyn Holtzman Bench Scholarship will provide tuition assistance to two low-income students.
The Swiss watchmaker said the company’s plans to use a new version of the Hallmark crown on jewelry would confuse consumers.
The executive talked about the importance of self-purchasers and how fuel cell electric vehicles are going to fuel demand for platinum.
The Indian jeweler’s new store in Naperville, Illinois marks its 350th location, part of its ongoing global expansion plans.
It will award a graduating high school student with about $10,000 toward a GIA diploma and an internship with the Seattle-based jeweler.