The report shows that couples are searching for vintage and antique rings, gold jewelry, pearls, and colorful pieces.
Patek ‘Titanium Collection’ soars at Sotheby’s
A selection of unique Patek Philippe watches grouped together as “The Titanium Collection” sold for a collective $7.1 million Tuesday, surpassing the pre-sale high estimate of $4.9 million.
The highlight of the collection, and the top lot of the sale overall, was Patek Philippe’s first split-seconds chronograph wristwatch, created in 1903 and completed and sold in October 1923. A Swiss museum purchased the watch for $2.9 million.
Also included in the Titanium Collection was a Patek Philippe Ref. 5001T Sky Moon tourbillon, which sold for $1.3 million, and a Ref. 5103P, which realized $773,000.
The collection’s Flawless Officer Ref. 3928 and Unique Celestial Ref. 5012T, which sold for $737,000 and $545,000, respectively, each set new world auction records for highest price paid for their respective models.
“It was a privilege to offer The Titanium Collection, a visionary group of unique commissioned watches by Patek Philippe whose exceptional results are a testament to the ultimate connoisseurship of its collector,” said Katherine Thomas, head of Sotheby’s watch department in New York. “Bidding throughout yesterday’s auction was truly global, demonstrating the continued strength of the watch market worldwide.”
Overall, Sotheby’s sale of Important Watches in New York totaled $11.7 million, marking the highest-ever result for a various-owners sale of watches at Sotheby’s New York. More than half of all lots topped their highest pre-sales estimates.
In total, the auction was sold 84 percent by lot and 96 percent by value.
Outside of the Titanium Collection, the auction was highlighted by a rare Art Deco gold, hardstone and enamel gem-set desk timepiece, which sold for $875,000.
The Latest
He’s remembered as a “font of passion,” leaving behind a legacy of dedication to his craft and community.
The first one will take place next month during the Jewelers of Louisiana’s and Mississippi Jewelers Association’s conventions.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
The redesigned boutique features interactive displays and a workshop space for hands-on learning about watchmaking.
There is a willingness to comply with new government-mandated regulations, with an insistence that they should be practical and realistic.
A combination of factors is driving growth in the industry despite the precipitous drop in prices across the board.
Ho Brothers offers scalable solutions for the future of custom jewelry.
The zone’s modernization will enhance and increase India’s jewelry manufacturing capabilities while aiding small and mid-sized businesses.
By the end of this year, SRK’s diamond manufacturing complexes will achieve net zero emissions, one of an impressive array of achievements.
The company plans to invest $25 million in marketing initiatives to boost awareness around its namesake and licensed brands.
Optimism about the current state of the economy was offset by anxiety around inflation and the political environment.
The former WJA executive director is MFM’s new managing director.
DDG encourages retailers to educate customers on the positive impact of purchasing natural diamonds.
Highlighting the most iconic Tiffany collections, it’s inspired by the company’s late window designer, Gene Moore.
Jen Cullen Williams and Duvall O’Steen explore how jewelers can save time and money by using AI to analyze engagement and create content.
The retailer previously turned down an $8.4 billion offer in 2018.
The Florida store’s owner Miguel Gonzalez is retiring.
The lab stresses the importance of accurate identification, as the difference in price is “substantial.”
The brand also plans to expand its retail footprint from 138 to 200 stores over the next three years.
One is reserved for a NAJA member, the other for a non-member.
Longtime employees Carie Lehrke and Megan Mattice have received promotions.
Three guests joined National Jeweler and Jewelers of America to discuss trending time periods, spotting reproductions, and more.
Chris Clipper and Robert Lepere join the company with 50 years of combined experience.
The trendy, metallic earrings wink at classic spring colors.
JSA said a man and woman pulled the safe out of an Oakland jewelry store but couldn’t quite get it into their van.
The miner’s March auction generated $19 million.