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More than 200 lots of diamonds, rare gemstones, and signed designer jewels brought $27.6 million at Christie’s New York sale of Important Jewels on June 16.

The top lot, a cushion-cut Kashmir sapphire of 21.71 carats, realized $4.2 million. Signed by Cartier, flanked on both sides by trapeze-shaped diamonds, and mounted in platinum, the ring was part of the collection of Margaret Adderley Kelly, which saw a 100% sell-through totaling just shy of $10 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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A mystery worthy of the one of the great writer’s own books reached its conclusion in Bonhams Jewelery sale in Knightsbridge.

Setting the room buzzing with excitement, bidders in the room, on the telephones, and online competed for Christie’s diamond brooch and three-stone diamond ring, pushing the prices ever higher. The ring, originally estimated at £3,000-5,000, sold for £21,875 (including buyer’s premium), and the brooch, estimated at £6,000-8,000, sold for a whopping £27,500 (including buyer’s premium).

The two pieces were long thought to be lost, having been mentioned as family heirlooms by Christie in her autobiography, but their whereabouts were unknown.

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Bonhams raked in a total of £4.2 million ($7.1 million) at its fine jewelry sale on April 30 in London, on the back of its top three lots doubling and tripling their estimates.

The star of the sale was an exquisite Colombian emerald ring, of 10.49 carats and set between diamond shoulders, that brought $610,039, or more than triple its high estimate.

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A new world auction record price per carat for any sapphire was set tonight at Sotheby’s New York, when an Exceptional Platinum, Kashmir Sapphire and Diamond Ring sold for $5,093,000 / $180,731 per carat (est. $4/5 million). The square emerald-cut Kashmir sapphire weighing 28.18 carats is one of the finest sapphires ever to appear at auction, described by the American Gemological Laboratories (AGL) as “a gem of singular importance.”

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On April 16, Christie’s Magnificent Jewels Sale in New York fetched a total of $60.6 million. The top lot was a pair of round, D-color internally flawless diamonds, weighing 22.60 and 22.31 carats, which brought $8.6 million. The two-session sale featured more than 250 jewels.

The auction included the collection of animal welfare advocates Riki and Jerome Shaw. All of the proceeds from this portion of the sale, which totaled $8.6 million, were donated to cage-free animal shelters. Highlights from the Shaws’ collection included a 6.1-carat, rectangular-cut fancy intense pink diamond ring by Harry Winston, which netted $5.8 million and a Burmese ruby and diamond ring that fetched $1.3 million.

The Magnificent Jewels auction also included the private collection of Kathleen and Martin Field, which garnered over $6 million. The lot included a 20.10-carat rectangular-cut, D-color, VVS1 diamond by Harry Winston that sold for more than $2.4 million and a 42.88-carat rectangular-cut Colombian emerald and diamond brooch by Harry Winston that realized over $1.3 million.

Christie’s next Magnificent Jewels auction will take place on May 14 in Geneva. The sale will feature The Blue, the largest flawless vivid blue diamond in the world, as well as The Ocean Dream, the largest vivid blue-green diamond in the world.

Published in News
Monday, 19 November 2012 13:55

Dali Etching Donated to Washington Goodwill

During the holiday season donations to Goodwill start pouring in; one location in Federal Way, Washington got more than they bargained for this year. A signed etching by the pioneering Surrealist artist, Salvador Dali, was dropped off by an anonymous donor and quickly identified by employee, Shea Munroe. The piece was added to Goodwill’s online auction system for a mere $999 and the price has continued to soar. It is currently listed on the organization’s auction site at $18,525. The auction ends tonight, November 19, at 7:30 p.m. PST.

Authenticated by Period House Appraisal Service in Tacoma, the framed color etching titled, Reflections, is from the artist’s The Cycles of Life Suite and features one of Dali’s famous melting watches. Signed and numbered “126/150,” the piece is also labeled as an “etching and photolithography from collage.” Although the work’s paper is slightly warped due to humidity and there is some discoloration to one part of the matting and a few scratches and scuffs to the glass and frame, the etching will undoubtedly sell for an impressive price.

Goodwill trains their employees to look for potentially high-value items and asks that they put aside any signed items or pieces with paperwork attached. Other valuable items that have appeared on the Goodwill auction site are a Rolex watch that sold for $900, a diamond ring that reached $12,000, and a Frank Weston Benson watercolor that fetched $165,002 in 2006, the most valuable piece to sell online to date.

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