Christie’s jewels sale totals $46.5m with document breaking Tiffany necklace
Christie’s Luxurious Week continued in New York on 10 December with its Magnificent Jewels sale, which raised $46.5m (£34.6m) and was 95% offered by lot.
The highest outcome was a Tiffany and Co tourmaline and diamond necklace from the gathering of Max and Cecile Draime, which offered for $4.22m (£3.14m) after bidding within the room, on-line and by telephone.
The public sale home mentioned the value set a world document for a Paraíba tourmaline and got here in at ten instances the low estimate. An identical pair of Tiffany and Co tourmaline and diamond earrings from the identical assortment adopted at $1.27m (£950k).
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Christie’s mentioned demand for uncommon tourmaline items drove the robust outcomes. Additional notable gross sales got here from the gathering of Sandra Ferry Rockefeller, provided as property of Mr and Mrs John D Rockefeller III.
Its prime lot was the Rockefeller Kashmir, a Cartier Artwork Deco sugarloaf cabochon sapphire and diamond ring of 17.66 carats, which achieved $2.64m (£1.97m). The four-lot group made $3.13m (£2.33m) in whole, with every merchandise promoting above its excessive estimate.
Different items within the group included a Raymond Yard pair of multi-gem and diamond parrot clip brooches at $76,200 (£56,730), a Cartier Artwork Deco emerald and diamond bracelet at $406,400, and a Cartier diamond and colored diamond wristwatch at $13,970 (£10,400).
Sapphires additionally carried out strongly throughout the public sale. A pair of vintage sapphire and diamond earrings realised $3.06m (£2.28m) towards a low estimate of $1.5m (£1.12m), whereas a powerful sapphire and diamond ring offered for $1.78m (£1.33m) towards a $500,000 £372,000) low estimate.
A sapphire and diamond ring from the gathering of Maureen Dwyer Smith achieved $304,800 (£226,922), properly above its $40,000 (£29,790) information.
Christie’s mentioned jewelry gross sales proceed on-line with Splendor and Type: Jewelry from the Assortment of a Distinguished Woman, which runs till 12 December.
