EditorsJan 16, 2026
Remembering Pete Yantzer for His Contributions and His Kindness Pete’s boundless curiosity extended beyond diamond cut and he was always eager to share his knowledge with others, no matter the topic.
AuctionsFeb 07, 2016
Queen’s Necklace Sells For $4.3M
A platinum and diamond Van Cleef & Arpels necklace worn by the Queen Nazli of Egypt in 1939 sold for just under its high-sale estimate at Sotheby’s New York this week.
New York--A platinum and diamond Van Cleef & Arpels necklace worn by Queen Nazli of Egypt sold for $4.3 million in New York Wednesday, just below the $4.6 million Sotheby’s had projected for the piece.
Though the necklace was a prominent piece in Sotheby’s Magnificent Jewels sale, which brought in a total of $52.2 million, it was not the top lot of the auction.
Selling for $5.1 million, the highlight of the auction was a 25.87-carat cushion-cut sugarloaf cabochon sapphire, flanked by two bullet-cut diamonds and set into a platinum ring.
Following the sapphire ring and Queen Nazli’s necklace were a pair of impressive diamond rings.
The first was a 38.27-carat square emerald-cut diamond, flanked by tapered baguette diamonds and set in platinum. A buyer paid more than $4 million for the ring. The next highest-grossing lot of the auction was a 26.44-carat emerald-cut diamond flanked by two trapeze-cut diamonds, which garnered a little more than $2 million.
A complete list of results from the sale can be found on the Sotheby’s website.
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