Bonhams' Fine Jewelry Sale Brings $6.5M

Colored gemstones were the star lots at Bonhams’ first London sale of the year, of Fine Jewelry, which raked in a total of £4.34 million ($6.54 million) on April 22, the auction house said.
Notably, some sapphire lots achieved prices that tripled their pre-sale estimates: A 21.27-carat sugarloaf cabochon-Kashmir sapphire and diamond ring (pictured above, left) achieved $436,438, while a 17.97-carat Burmese sapphire and diamond ring (pictured above, right) sold for $274,182; and a pair of sapphire and diamond ear pendants, each set with a cushion-shaped sapphire weighing 10.5 carats and 9.5 carats (pictured above, center), sold for $138,969.
Red-rubies also smashed estimates. A 4.54-carat Burmese ruby single-stone ring achieved $202,068, or nearly four times what was expected. Another ruby three-stone ring achieved more than seven times its pre-sale estimate, settling oh a final hammer price of $115,532.
Elsewhere, a 3.25-carat Colombian emerald and diamond dress ring, circa 1950, sold for $102,912, or nearly four times its estimate.
Diamonds were not left in the dust. A 7.1-carat pinkish brown, pear-shaped diamond, achieved $176,829 after a bidding war, or nearly six times its high estimate.
“The sale performed exceptionally well and generated strong interest from buyers in the UK, Europe, the US and Asia. I was particularly delighted to see many of our coloured gemstones sell so well, some by up to 10 times their pre-sale estimate, which is an excellent indication of how strong the market is,” said Jean Ghika, Bonhams Head of Jewellery for UK and Europe, in a statement. The sale’s lots achieved 83% by value.
Not only the precious stones saw success at the auction. An exceptionally rare retro citrine-set twist necklace by Chanel (circa 1954-71) outstripped its pre-sale estimate by more than 10 times, eventually selling for $102,912 to the London jeweler Hancocks.

No comments:

Post a Comment

Image and video hosting by TinyPic