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.”
AuctionsSep 26, 2016
27-Carat Diamond Fails to Sell at Sotheby’s NY
The actual top lot of last Thursday’s Important Jewels sale turned out to be a 24.72-carat sapphire ring that went for $706,000.
Though this platinum and oval-shaped 27.35-carat diamond ring was predicted to be the top lot in the Important Jewels sale at Sotheby’s New York, it didn’t end up selling.
New York--The first jewelry sale of the fall at Sotheby’s New York didn’t turn out as expected.
A platinum ring set with an oval-shaped 27.35-carat diamond was predicted to lead the Important Jewels auction last Thursday with a sale price of between $2 and $2.5 million.
But not only did it not lead the sale, the ring failed to sell period. The diamond was not mentioned when the results were released.
Instead, the top jewel turned out to be a Bulgari ring featuring a cushion-cut sapphire weighing 24.72 carats accented by 9 carats of pear-shaped diamonds. The ring, expected to sell for up to $350,000, instead garnered $706,000.
A 10.10-carat marquise-shaped diamond flanked by two tapered baguette diamonds garnered $634,000 at the auction and a square emerald-cut diamond weighing 10.02 carats with trapeze-cut diamonds of 1.75 carats followed with a $394,000 price tag.
This Bulgari ring with a cushion-cut sapphire weighing 24.72 carats at center accented by pear-shaped diamonds weighing a total of 9 carats had a pre-sale estimate of between $250,000 and $350,000. It ended up selling for twice that at $706,000.
This ring with a marquise-shaped diamond weighing 10.10 carats at center and flanked by two tapered baguette diamonds went for $634,000.
Another diamond ring, this one centering on a square emerald-cut diamond weighing 10.02 carats, flanked by trapeze-cut diamonds weighing a total of 1.75 carats, garnered $394,000.
This suite from Van Cleef & Arpels went for $340,000. The necklace features yellow and blue sapphires and diamonds, with a detachable pendant-brooch boasting an 84.90-carat yellow sapphire at center, and matching earrings.
This ring from René Lalique circa 1900 is designed as a green-blue glass face of Medusa, with blue and green enamel scales applied to the snake. It garnered $322,000, well above its $15,000 to $20,000 pre-sale estimate.
A platinum and 18-karat gold ring boasting a cut-cornered rectangular modified brilliant-cut fancy yellow 16.48-carat diamond and 1.50-carats of shield-cut diamond on the side sold for $225,000.
A Tiffany & Co. ring with a cut-cornered rectangular modified mixed-cut diamond weighing 5.69 carats at center surrounded by two modified triangle-shaped diamonds weighing approximately 0.60 carats went for $200,000.
A floral Bulgari brooch with one oval-shaped cabochon emerald at center, the petals set with round and single-cut rubies and pink sapphires and diamond accents, sold for $187,500.
This platinum bracelet is set with five oval-shaped emerald cabochons (approximately 21.35 carats) accented by round, baguette, old European and single-cut diamonds (about 17.70 carats). It garnered $187,500.
This Bulgari Serpenti wristwatch with onyx eyes, diamonds and a quartz movement sold for $175,000.
Meanwhile, a Van Cleef & Arpels suite featuring a necklace with blue and yellow sapphires and diamonds set in 18-karat gold along with a matching set of ear clips went for $340,000, while a Medusa molded glass and enamel 18-karat gold ring from renowned designer René Lalique went for well over its pre-sale high of $20,000 when it sold for $322,000.
A Bulgari Serpenti wristwatch with a quartz movement also appeared in the top 10 lots, with onyx and diamonds, at $175,000, as did a floral Bulgari brooch set with emeralds, rubies, pink sapphires and diamond accents, which sold for $187,500.
The sale totaled $8.6 million. For the full list of results, visit Sothebys.com.
More on Auctions
The Latest
GradingMay 14, 2024
Instappraise Adds Trifold Brochure to Appraisal OfferingsRetailers can customize and print the appraisal brochures from their store.
MajorsMay 14, 2024
Platinum Born Taps ‘Born Leaders’ for New CampaignThe ad aims to position platinum jewelry as ideal for everyday wear.
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.
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.
Weekly QuizMay 09, 2024
This Week’s QuizTest your jewelry news knowledge by answering these seven questions.
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.
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.
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.
Supplier BulletinMay 08, 2024
Fusing Past and Present at the Las Vegas Antique Jewelry & Watch ShowSponsored by the Las Vegas Antique Jewelry and Watch Show
EditorsMay 07, 2024
Q&A: Author Vikki Tobak on the ‘Ice-Cold’ ExhibitionTobak, author of “Ice Cold: A Hip-Hop Jewelry History,” shares how the exhibition came to be, and the pieces people may be surprised to see.
EditorsMay 07, 2024
10 On-Theme Looks from the 2024 Met GalaStars adorned themselves in emeralds, platinum, and myriad bird motifs, writes Associate Editor Natalie Francisco.
IndependentsMay 07, 2024
112-Year-Old New Orleans Business Popping Up in Aspen M.S. Rau is set to open a seasonal gallery in the high-end resort town early next month.
MajorsMay 07, 2024
Richemont Acquires Italian Jeweler VhernierThe branded jewelry market is thriving, said Richemont Chairman Johann Rupert.
CollectionsMay 07, 2024
These ‘Luminaries’ Are Set to Light Up CoutureThe six designers, all participants in the show’s Diversity Action Council mentorship program, will exhibit in Salon 634.
AuctionsMay 07, 2024
Sotheby’s to Auction Sylvester Stallone’s WatchesThe highlight of his collection is the coveted Patek Philippe Grandmaster Chime, which could sell for up to $5 million.
CollectionsMay 07, 2024
Phillip Gavriel Pays Tribute to Venice With New CollectionThe “Venetian Link” series modernizes the classic Veneziana box chain in its bracelets and necklaces.
Events & AwardsMay 07, 2024
JA Now Accepting Applications for New Bench Jeweler ScholarshipThe Seymour & Evelyn Holtzman Bench Scholarship will provide tuition assistance to two low-income students.
Policies & IssuesMay 06, 2024
Rolex Files Objection to Hallmark’s New Trademark ApplicationThe Swiss watchmaker said the company’s plans to use a new version of the Hallmark crown on jewelry would confuse consumers.
EditorsMay 06, 2024
Q&A: 8 Questions With Anglo American’s Benny Oeyen The executive talked about the importance of self-purchasers and how fuel cell electric vehicles are going to fuel demand for platinum.
MajorsMay 06, 2024
Malabar Gold & Diamonds Opens 4th U.S. ShowroomThe Indian jeweler’s new store in Naperville, Illinois marks its 350th location, part of its ongoing global expansion plans.
Events & AwardsMay 06, 2024
Ben Bridge Jeweler Accepting Applications for Lonia Tate ScholarshipIt will award a graduating high school student with about $10,000 toward a GIA diploma and an internship with the Seattle-based jeweler.
