This Kashmir sapphire and diamond ring sold for $1.5 million to a European private collector at Sotheby’s auction Dec. 7.

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New York--Two jewelry auctions held at Sotheby’s here on Dec. 7 achieved a combined total of $30.4 million.

“As has been the case throughout our recent auctions, sales saw persistent demand and strong results for unique and signed jewels,” Lisa Hubbard, co-chairman of Sotheby’s international jewelry department, said.

The auction of “Magnificent Jewels” realized a total of $28.5 million, with 67 percent of the sale sold by lot and 46 percent sold by value. The auction was led by top prices for white diamonds, natural pearls, sapphires and emeralds.

The top lot of the auction was a 23.62-carat oval diamond ring (below) of VS1 clarity, which sold for $1.9 million, or $79,361 per carat, to an Asian private collector.

A 1924 Cartier platinum and diamond sautoir necklace (below) with a lavaliere pendant sold for $1.7 million to an Asian private collector.

A Kashmir sapphire and 16.40-carat diamond ring sold for $1.6 million, or $97,226 per carat.

“Though we are disappointed to have not found buyers for our top two stones amongst the rarified group of collectors at the highest end of our market, the results for the remainder of the sale demonstrate a continued demand for pieces of quality and unique character,” Hubbard said.

Auction “The Elegant John Traina-A Portrait in Style” realized a total of $1.9 million, more than triple its pre-sale high estimate of $570,000, with 100 percent of the sale sold by lot and value. A collection of the late author’s accessories and watches were offered at the auction, including pieces by Cartier, Van Cleef & Arpels and Harry Winston.

The top lot of this sale was a circa 1920 Cartier platinum, cabochon sapphire and diamond dress set, which sold for $182,500 after a pre-sale high estimate of $15,000.

A Harry Winston platinum, 18-karat white gold, sapphire and diamond dress set sold for $164,500 after a pre-sale high estimate of $20,000.

A Harry Winston 18-karat gold, sapphire and emerald dress set realized $134,500 after a pre-sale high estimate of $30,000.

A full list of results from the Magnificent Jewels auction can be found here. Complete results from the John Traina auction are available here.