Christie’s Magnificent Jewels Realizes $44.4 Mn, Headlined by Rose Ring Fetching $13.3 Mn

diamond jewellery magazine by Solitaire International Magazine – India’s leading B2B gem and jewellery magazine

 

Rare coloured gemstones and natural pearls achieve strong sales at Christie’s Magnificent Jewels in Manhattan, New York.

Christie’s Magnificent Jewels auction that took place on 11th June 2024 at Christie’s Rockefeller Center, Manhattan, achieved a total of $44.4 million, with 90% of the 144 lots sold. The auction featured an array of rare diamonds, notable coloured stones and a stunning assemblage of jewellery from Bulgari, Cartier, Tiffany & Co., and Van Cleef & Arpels.

The auction’s top lot was The Eden Rose ring set with a 10.20-carat round brilliant Fancy Intense Pink diamond, and sold for $13.3 million, exceeding its high estimate. The auction received bids coming from around the globe, including 51% from Americas, 24% Europe and 26% from Asia Pacific and the Middle East.

Rahul Kadakia, Christie’s International Head of Jewelry noted: “Christie’s were proud to present The Eden Rose this spring, an extraordinary gem which had never before been offered at auction. The 10.20-carat Fancy Intense Pink Internally Flawless gem surpassed all expectations, fetching an impressive $13.3 million, well beyond its high estimate. Collectors participated actively in all areas of the sale, paying strong prices for rare, coloured gemstones and natural pearls, in particular. We look forward to the end of our spring jewellery sale season with New York Jewels Online and Joaillerie Paris, both taking place in June.”

Strong results were achieved throughout the sale for coloured diamonds and coloured stones, including an Important Coloured Diamond and Diamond Pendant Necklace which sold for $2,167,500, a Fancy Vivid Blue Heart Modified Brilliant-Cut Diamond of 2.28 carats, which achieved $2,107,000.

An Important Coloured Diamond & Diamond Pendant Necklace set with an 84.05-carat Fancy Intense Yellow cushion modified brilliant-cut diamond, accented with pear brilliant-cut diamonds, marquise brilliant-cut diamond of 1.02 carats, set in platinum and yellow gold.

Estimate: $1,000,000 – $2,000,000; Price realised: $2,167,500

Outstanding results were seen throughout the sale for natural pearls, with multiple lots exceeding their high estimates, including a Natural Pearl, Cultured Pearl and Diamond Necklace which achieved $378,000, five times its high estimate of $50,000, and a pair of Natural Pearl and Diamond Earrings which sold for $277,200, almost ten times the high estimate of $30,000.

The Art Deco Graduated Natural Pearl, Cultured Pearl And Diamond Necklace designed with natural and cultured pearls, marquise, single-cut and bullet-shaped diamonds, circa 1930, platinum. Estimate: $100,000 – $150,000; Price realised: $302,400

Additional noteworthy results were achieved for lots featured from distinguished collections, including Beauty in Design: Magnificent Jewelry from the Collection of Sunny Crawford von Bulow and Ala von Auersperg Isham. An Exquisite Van Cleef & Arpels Carved Emerald, Ruby And Diamond Necklace sold for $289,800. The 16 jewels featured in the collection totalled $1,400,000.

An Exquisite Van Cleef & Arpels Carved Emerald, Ruby And Diamond Necklace focusing on an hexagonal carved tablet emerald, with a surround of marquise and pear-shaped rubies, round and marquise-cut diamonds, set in 18-karat and 14-karat yellow gold (French mark), circa 1965, signed Van Cleef & Arpels, N.Y., maker’s mark, numbered.

Estimate: $200,000 – $300,000; Price realised: $289,800

A Rare Coloured Diamond And Diamond Ring featuring a Fancy Vivid Blue heart-shaped modified brilliant-cut diamond of 2.28 carats surrounded by yellow and white diamonds. Price Realized: $2,107,000
Property from the Collection of Margaret Thompson Biddle – An Elegant Diamond
Modified pear brilliant-cut diamond of 11.98 carats, set in platinum. Price Realized: $1,033,200
Natural Pearl And Diamond Earrings designed with natural, slightly baroque button-shaped half-drilled pearls of approximately 14.80 – 15.25 x 13.20 mm and 14.80 – 15.55 x 12.00 mm, round diamonds, set in white gold. Price Realized: $277,200
An Important Pair Of Diamond Pendant Earrings designed with oval brilliant-cut diamonds of 23.20 and 23.05 carats. Price Realized: $1,381,000
Property from the Collection of Fritz and Lucy Jewett – Sapphire And Diamond Ring focusing on a rectangular emerald-cut sapphire of 18.31 carats, flanked by triangular-shaped diamonds, set in platinum. Price Realized: $976,500

 

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