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A dazzling array of Art Deco jewels is set to headline Christie’s sale of Important Jewels in New York on June 16.

The top lot of the auction is an Art Deco diamond pendant necklace suspending a D-color, internally flawless diamond of 16.24 carats that is estimated to achieve between $1.6 million and $2 million.

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Sotheby’s Magnificent Jewels auction on December 9 achieved $44.2 million, buoyed by results for stones and jewels from prominent collections, such as those of Helen Hay Whitney, Estée Lauder, Evelyn H. Lauder, the Grand Duchess Vladimir of Russia, and Marlene Dietrich.

The top lot was a platinum-topped gold and diamond necklace that was presented to Helen Hay, an American writer, socialite, and philanthropist, on the occasion of her marriage to Payne Whitney in 1902. Featuring four diamonds weighing 27.48, 15.53, 13.08 and 8.91 carats, the necklace sold for $3.2 million. Total sales from the seven jewels of the estate of Helen Hay Whitney were $4.8 million.

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Thursday, 13 November 2014 10:38

Graff Ruby Sets Auction Record in Geneva

An 8.62-carat ruby set a record auction price as Sotheby’s (BID) concluded a $95 million sale of jewelry last night in Geneva, including a pearl necklace probably once owned by Napoleon Bonaparte’s first wife.

British billionaire jeweler Laurence Graff bid $8.6 million for the Graff Ruby, which he had previously owned, and he also spent $3.2 million on a 3.16-carat intense-blue diamond ring, the auction house said. The necklace, made of 111 pearls, sold for $3.4 million, more than double the high estimate.

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Since Swatch Group purchased Harry Winston in January 2013, it hasn’t revealed much about its plans for the luxury retail brand. However, one thing it has openly done is keep with the Harry Winston tradition of flamboyant purchases of statement diamonds and gems.

On Wednesday, Harry Winston purchased the largest known flawless vivid blue diamond in the world for nearly $23.8 million at Christie’s Geneva Magnificent Jewels sale. The nearly $1,800,000 per carat price paid for the 13.22-carat diamond represents a world record for a blue diamond.

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A necklace by the American sculptor Alexander Calder, which was purchased at a flea market for $15 in 2005, will be sold at Christie’s this fall. The brass necklace from 1938 is expected to bring between $200,000 and $300,000.

Philadelphia resident Norma Ifill spotted the rare necklace while she was browsing a local flea market. She was drawn to the piece’s tribal aesthetic but it wasn’t until she visited a Calder jewelry exhibition at the Philadelphia Art Museum that she realized she had a true treasure in her possession. Ifill spoke with the exhibition’s curator and later took the necklace to the Calder Foundation in New York, where her find was deemed a genuine Calder. She also learned that the piece was once on display at the Museum of Modern Art.

The necklace will be offered on September 26, 2013 at Christie’s Post-War and Contemporary Art auction.

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Before her death in 2007, Brooke Astor was a fixture in New York City’s elite inner circle. A tireless philanthropist and champion of the arts, Astor left behind a legacy marked by kindness, generosity, and good taste.

Sotheby’s has announced an auction of the contents of two of Astor’s estates – her legendary Park Avenue duplex and her country estate, Holly Hill, in Briarcliff Manor, NY. A total of 901 items including European and Asian furnishings, Old Master paintings, Qing Dynasty paintings, tea sets, silverware, jewelry, a porcelain menagerie, and over 100 dog paintings will head to the auction block September 24–25. Per Astor’s request, proceeds from the sale will go to the institutions and causes she held dear including the New York Public Library, the Metropolitan Museum of Art, the Bronx Zoo, Central Park, the Animal Medical Center of New York, New York City’s public school system, and a number of charities in Maine. Sotheby’s expects the sale to bring in between $6 and $9 million for the entire collection.

An icon of New York society and refinement, Astor spent her final years suffering from dementia. After her death at 105, her estate remained in limbo due a family dispute that lasted five years. The feud ended in March of 2012 and $100 million of Astor’s estate was freed for her charities. The amount going to Anthony Marshall, her only son, was cut by more than half as he was convicted of taking advantage of his mother’s deteriorating mental state and altering her will to his advantage.

Among the most coveted of Astor’s pieces that will be headed to Sotheby’s are an Imperial Chinese gilt-bronze lion clock slated to bring in around $180,000–$220,000 and an emerald and diamond necklace with earrings estimated at $280,000– $390,000 for both.

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