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Sotheby’s And Christie’s Sold $110 Million In Jewels And Rare Diamonds

At their fall jewellery sales in New York City, Christie's and Sotheby's sold a total of 108,772,000 in rare diamonds, jewels, and jewellery.

Christie's and Sotheby's just sold a total of 108,772,000 worth of rare diamonds, gems and jewelry at their fall jewelry sales in New York City. Christie's Magnificent Jewels sale on December 6 totaled $58,774,000. It was led by a 31.62-carat, fancy blue diamond – the largest fancy blue ever offered at auction – set into a pendant, selling for $11.8-million. Other highlights included an 86.64- carat diamond pendant that went for $5.7-million and a brooch with a 107.46-carats fancy yellow diamond that sold for $2,580.

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Christie’s Magnificent Jewels auction on December 6 brought in $58,772,000. It was headed by a 31.62-carat fancy blue diamond set into a pendant that sold for $11,840,000, the biggest fancy blue diamond ever offered at auction. Another highlight was an 86.64-carat diamond pendant that sold for $5.7 million and a Graff brooch with a 107.46-carat beautiful yellow diamond that sold for $2,580,000. Another huge diamond of 51.60 carats was purchased for $2,460,000 and fitted into a ring. An art deco sapphire and diamond necklace sold for $1,380,000, over ten times its low estimate, while a pair of heart-shaped coloured diamond earrings sold for $1,380,000, about five times its low estimate.

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Sotheby’s And Christie’s

An exceptional assortment of Van Cleef & Arpels items rounded out the sale, including the “Bouquet” brooch, originally from Eva Peron’s collection, which sold for $195,300, and a Van Cleef & Arpels ruby and emerald mystery-set floral brooch, which sold for $1,197,000.

Sotheby’s also had a successful coloured diamond auction, selling the 303.1-carat Golden Canary for $12.4 million, making it the third most costly yellow diamond ever sold at auction. The Golden Canary is the world’s biggest internally perfect diamond.

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Jewels And Rare Diamonds

Sotheby’s total for the Magnificent Jewels auction on December 7 was $50 million, bringing the company’s total global jewellery sales for the year to $450 million, a five-year record. Another notable highlight of the Sotheby’s sale was a ring with a 5.27-carat Colombian emerald retrieved from the 1622 Atocha disaster, which sold for $1.2-million after a five-minute bidding frenzy among 18 purchasers. That’s more than 17 times the original estimate of $50,000-$70,000. Mitzi Perdue, wife of the late poultry billionaire Frank, presented the ring, which she got as an engagement ring in 1988. The whole auction earnings will be given to humanitarian operations in Ukraine.

A 25.03-carat, internally flawless, D-color grey diamond sold for $2.3 million, setting an auction record for a fancy grey diamond; and a 10.67-carat emerald-cut stone mounted by Hemmerle sold for $1.1 million. Another exotic colour diamond, a 3.69-carat gray-blue diamond, sold for $1 million.

In honour of the 100th anniversary of the discovery of King Tutankhamen’s tomb, the sale also contained an esoteric collection of Egyptian-themed jewellery. In total, eight of the nine available lots sold for $1.8 million. The highlight was a $1.2-million Lacloche Frères diamond and gemstone bracelet.

FAQs

Sotheby’s is an international firm headquartered in New York City that was formed in the United Kingdom. It is one of the leading dealers of fine and decorative art, jewellery, and collectibles in the world. It has 80 sites in 40 countries and a considerable presence in the United Kingdom.

Christie’s is a British auction company founded by James Christie in 1766. Its headquarters are located on King Street in St James’s, London, Rockefeller Center in New York City, and Alexandra House in Hong Kong. Groupe Artémis, François-Henri Pinault’s holding business, owns it.

At Truoosh, we’re here to help you navigate this overwhelming world of stuff. All of our market picks are independently selected and curated by the editorial team. All product details reflect the price and availability at the time of publication. If you buy something we link to on our site, Truoosh may earn commission.

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Billionaire Laurence Graff paid a record-breaking $46.1 million for a magnificent vivid pink diamond weighing 24.78 carats. Originally owned by his competitor Harry Winston, it now carries graff’s name and is a part of the legendary collection of rare diamonds.

We usually advise brilliant round diamonds with a cut grade of very good, ideal, or super ideal for engagement rings (also known as hearts and arrows). A high cut grade maximises a diamond’s beauty for a given carat weight.

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It’s crucial to have a concept of what you might prefer before starting your search because it will enable you to focus on fewer of the many engagement ring possibilities that are now available. Also, when you initially start browsing, it helps to have a few distinct design concepts and the overall budget because the variety can be overwhelming.

Here are Engagement Ring Trends 2023:

1. Modern Art-Deco
2. Colored Stones
3. Lab-Grown Diamonds
4. East-West Settings
5. Multiple Large Stones

The traditional round diamond form, which is the most common, may come to mind when you think of diamonds. But if you want something different, a tonne of alternative forms may be found to suit your unique taste and style. Each diamond shape has its own fire and brilliance because they are cut to different standards, altering how they reflect light.

The most popular kinds of diamonds are listed below:

1. Round Brilliant Cut Diamonds
2. Princess-Cut Diamonds
3. Marquise-Cut Diamonds
4. Cushion-Cut Diamonds
5. Emerald-Cut Diamonds
6. Radiant-Cut Diamonds
7. Pear-Shaped Diamonds
8. Oval Diamonds
9. Asscher-Cut Diamonds