FinancialsMay 17, 2024
Richemont Appoints Van Cleef & Arpels’ Nicolas Bos as New CEOThe announcement coincided with its full-year results, with growth driven by its jewelry brands.
AuctionsDec 03, 2019
Hemmerle Auction Smashes Pre-Sale Estimates
All but one lot exceeded predictions, with some selling for more than five times their estimated ranges.
The recent Fine Jewels auction at Sotheby’s London was notable for selling the largest single-owner Hemmerle collection to be offered at auction. All but one of the jewels outdid its pre-sale estimates.
London—The Sotheby’s London Fine Jewels auction last week showed a strong demand for signed pieces from contemporary jewelry masters.
Each of the 12 one-of-a-kind jewels from the largest single-owner Hemmerle collection to be offered at auction sold, with all but one exceeding their pre-sale price ranges and some going for five times those amounts.
The most expensive jewel sold was the above necklace with a blackened silver chain, tsavorite garnet links and an early 19th century jasper cameo pendant, surrounded by emeralds and tsavorites.
It smashed its pre-sale estimates of $18,500 to $24,600, selling for $144,855.
The above pair of pineapple-shaped earrings featuring large gray and orange-brown old-mine-cut diamonds and 19th century cameos—expected to earn between $24,600 and $36,900—earned a cool $88,523.
A diamond and colored diamond pendant necklace and brooch, meanwhile, fetched $80,475, compared with its $51,504 to $77,256 pre-sale estimate, and a pair of tourmaline and green sapphire earrings upended its $9,013 to $11,588 estimate when it garnered $64,380.
The above diamond brooches, which convert to hair clips, garnered $56,333, compared with their $25,752 to $38,628 estimated price range, while the below spinel and pink sapphire earrings sold for an impressive $48,285, compared with their $12,876 to $19,314 pre-sale expectation.
The bidding wars didn’t stop there.
A pair of lava cameo and colored diamonds earrings earned $48,285—compared with their $12,876 to $19,314 estimate—and a campy sapphire and diamond Mickey Mouse brooch sold for $45,066, though it was only expected to fetch between $15,451 and $23,177.
A pair of emerald and tsavorite garnet earrings predicted to earn between $10,301 and $15,451 sold for $45,066, and a pair of tourmaline, sapphire and emerald earrings expected to sell for between $12,876 and $19,314 fetched $41,847.
A pair of colored diamond earrings were the sole Hemmerle lot to fall within their estimated price range ($25,752-$38,628), selling for $32,190.
A separate pair of lava cameo and colored diamond earrings from the pair mentioned above, meanwhile, earned $28,971, though they were predicted to sell for between $12,876 and $19,314.
Hemmerle is a fourth-generation jewelry house based in Munich, Germany. The jeweler makes a biannual stateside visit to TEFAF in New York City.
More on Auctions
The Latest
FinancialsMay 17, 2024
Watches of Switzerland’s Fiscal-Year Sales Flat Looking ahead, the retailer said it sees “enormous potential” in Roberto Coin’s ability to boost its branded jewelry business.
Recorded WebinarsMay 17, 2024
Watch: Preparing for Trade Show SuccessJewelry trade show veterans share strategies for engaging buyers, managing your time effectively, and packing the right shoes.
Brought to you by
Record Gold Prices Have Consumers Undeterred. Here’s Why.Despite the rising prices, consumers continue to seek out the precious metal.
AuctionsMay 16, 2024
Sotheby’s Withdraws 101-Carat Yellow Diamond from AuctionDespite the absence of “The Allnatt,” Sotheby’s Geneva jewelry auction totaled $34 million, with 90 percent of lots sold.
Weekly QuizMay 16, 2024
This Week’s QuizTest your jewelry news knowledge by answering these seven questions.
ColumnistsMay 16, 2024
The PR Adviser: What the Designer Should’ve DoneLilian Raji gives advice to designers on how to make the most of great publicity opportunities.
SourcingMay 16, 2024
Lucapa to Shed Stake in Lesotho Diamond Mine The mining company wants to divest its 70 percent holding in the Mothae Diamond Mine in an effort to streamline its portfolio.
Brought to you by
From Registration to Return: 10 Tips to Protect You Before, During and After a TradeshowTradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
ColumnistsMay 15, 2024
Squirrel Spotting: Why Retailers Struggle to Fire BrandsWhy do so many jewelers keep lines that are not selling? Peter Smith thinks the answer lies in these two behavioral principles.
AuctionsMay 15, 2024
Red Diamond Breaks Records at Phillips GenevaThe “Argyle Phoenix” sold for more than $4 million at the auction house’s second jewels sale.
Events & AwardsMay 15, 2024
See Who’s in JA’s 2024 ‘20 Under 40’ ClassThe annual list recognizes young professionals making an impact in jewelry retail.
IndependentsMay 15, 2024
David Mann Jewelers in Upstate NY to Close After 35 YearsOwner David Mann is heading into retirement.
FinancialsMay 15, 2024
Brilliant Earth’s Sales Fall Flat in Q1 While overall sales were sluggish, the retailer said its non-bridal fine jewelry was a popular choice for Valentine’s Day.
SourcingMay 14, 2024
Anglo American Confirms It Is Looking to Sell De Beers The mining giant also wants to offload its platinum business as part of an overhaul designed to “unlock significant value.”
AuctionsMay 14, 2024
2 Huge Yellow Diamonds Are Heading to AuctionChristie's is selling one of the diamonds, moving forward with its Geneva jewelry auction despite the cyberattack that took down its website.
MajorsMay 14, 2024
Platinum Born Taps ‘Born Leaders’ for New CampaignThe ad aims to position platinum jewelry as ideal for everyday wear.
GradingMay 14, 2024
Instappraise Adds Trifold Brochure to Appraisal OfferingsRetailers can customize and print the appraisal brochures from their store.
Lab-GrownMay 13, 2024
Lab-Grown Diamond Brand Lightbox Cuts Prices by 25 to 40%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.
TechnologyMay 13, 2024
Christie’s Website Brought Down by Hackers, Watch Auction Postponed The site has been down since Thursday evening, just ahead of its spring auctions.
AuctionsMay 13, 2024
Madeleine Albright’s Jewelry, Pins a White-Glove Sale at Freeman’s | HindmanThe late former U.S. Secretary’s collection went for quadruple the sale’s pre-sale estimate.
IndependentsMay 13, 2024
Zachary’s Jewelers Names Mother’s Day Jewelry Contest WinnersThree fifth graders’ winning designs were turned into custom jewelry pieces in time for Mother’s Day.
IndependentsMay 10, 2024
Frank Adams Jewelers Names New CEOKimberly Adams Russell is taking over the role from her father, David Adams, marking the third generation to hold the title.
CollectionsMay 10, 2024
Piece of the Week: Carina Hardy’s ‘Birth of Venus’ NecklaceAs a token of womanhood, this necklace depicts when Venus was born from the sea.
MajorsMay 09, 2024
Watches of Switzerland Pays $130M for Roberto Coin Inc.The deal gives the retailer control over the distribution of Roberto Coin jewelry in the U.S., Canada, Caribbean, and Central America.
TrendsMay 09, 2024
Amanda’s Style File: Shine Bright, Moms Show your mother some love with a piece of fine jewelry.
IndependentsMay 09, 2024
Kyle Edward Fine Jewelry to Close Salisbury StoreThe company’s Easton location will remain open.
MajorsMay 09, 2024
JBT Elects New ChairmanBrian D. Fleming of Carla Corporation was elected to serve a one-year term in the role.
