Christie’s NY Magnificent Jewels Sale Garners $58.77 Million

Christie’s said its December 6th Magnificent Jewels auction achieved a total of $58,772,000 with 93% sold by lot and 105% sold above the low estimate. The auction saw exceptional results for diamonds and coloured diamonds, it noted.

Leading the sale was a fancy blue diamond of 31.62 carats, the largest ever to appear at auction, which sold for $11,840,000. Additional highlights included a magnificent diamond pendant necklace of 86.64 carats, which sold for $5,700,000, and an important Graff coloured diamond brooch of 107.46 carats which sold for $2,580,000. An important diamond ring of 51.60 carats was purchased for $2,460,000 by William Goldberg.

Other notable results include an Art Deco sapphire and diamond pendant which sold for $1,380,000, nearly 10 times its low estimate, and a pair of heart-shaped coloured diamond earrings which also sold for $1,380,000, more than 5 times their low estimate.

Rounding out the sale were impressive results for signed jewels including a Van Cleef & Arpels ‘bouquet’ brooch, formerly from the Collection of Eva ‘Evita’ Perón, which sold for $195,300, and a Van Cleef & Arpels ruby and emerald ‘mystery-set’ flower brooch, which realised $1,197,000.

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