Jewelry Auctions

Sotheby’s NY sees highest total for Feb. jewels

This heart-shaped fancy orange-pink diamond pendant-necklace, of VS1 clarity, was purchased by an anonymous buyer at Sotheby’s auction of Important Jewels.
Feb 14, 2012

New York--Sotheby’s auction of “Important Jewels” here on Feb. 9 achieved a total of $10.3 million, marking the highest total for a February auction of jewelry at Sotheby’s New York.

For the 336-lot sale, 84 percent was sold by lot and 88 percent was sold by value.

 “We are very pleased with the results of Sotheby’s first jewelry auction of 2012, and the strong indications that the market has given for the coming year,” Lisa Hubbard, co-chairman of Sotheby’s international jewelry department, said, adding that white diamonds “performed exceptionally throughout the day.”

The top lot of the auction was a 5-carat heart-shaped fancy orange-pink diamond pendant necklace, which sold for $632,500, or $126,000 per carat.

A modified cushion-shaped diamond ring (below) realized $446,500 after a pre-sale high estimate of $300,000. The 17.73-carat diamond was of J color, VS1 clarity and potentially flawless.

A 7.22-carat, G color, internally flawless emerald-cut diamond ring (below) sold for $362,500, or $50,208 per carat.

A 7.19-carat round diamond ring (below), of F color and VVS2 clarity, realized $356,500 at the auction.

“With this record result for a February sale in New York, we very much look forward to April and our auction of Magnificent Jewels,” Hubbard said.

Sotheby’s auction of Magnificent Jewels will be held April 18 in New York.

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