AuctionsJun 15, 2023
Rebekah Harkness’ Dalí Starfish Sells for Almost $1MAuctionsJun 30, 2023
Princess Diana’s ‘Swan Lake Suite’ Sold to Private Buyer
According to auction house Guernsey’s, a prominent museum bought the necklace and earring set.
The South Sea pearl jewelry included in the late Princess Diana’s “Swan Lake Suite.” Originally scheduled to be offered at auction on June 27, a museum purchased the necklace and earring set prior to the public sale. (Photo courtesy of Guernsey’s)
Editor's note: This story was updated to include additional information obtained post-publication.
New York—Guernsey’s announced on its website that the Princess Diana “Swan Lake Suite” has been sold to a “prominent” museum.
The necklace and earring set was slated to be auctioned Tuesday at The Pierre Hotel in New York City.
That morning, Guernsey's told National Jeweler the auction was canceled due to the jewels’ sale via a pre-auction private treaty but declined to provide any further details.
It updated its website with the museum information the following day.
The Swan Lake Suite is comprised of a South Sea pearl necklace and matching earrings made by Garrard with design input from the princess.
On June 3, 1997, Diana, Princess of Wales, attended the opening night of the British National Ballet’s performance of “Swan Lake” at the Royal Albert Hall in London wearing the necklace. This was one of her final public appearances.
Following the ballet, the princess returned the piece so Garrard could craft a pair of matching earrings, but she was tragically killed in Paris before receiving them.
The necklace is comprised of 178 marquise- and round brilliant-cut diamonds and seven 12 mm South Sea pearls. It’s mounted in platinum and includes more than 50 carats of diamonds.
The coordinating earrings feature a round brilliant-cut and marquise-cut diamond cluster with a South Sea cultured pearl drop. They are also mounted in platinum and are claw-set with peg and clip fittings.
Related stories will be right here …
New York—Guernsey’s announced on its website that the Princess Diana “Swan Lake Suite” has been sold to a “prominent” museum.
The necklace and earring set was slated to be auctioned Tuesday at The Pierre Hotel in New York City.
That morning, Guernsey's told National Jeweler the auction was canceled due to the jewels’ sale via a pre-auction private treaty but declined to provide any further details.
It updated its website with the museum information the following day.
The Swan Lake Suite is comprised of a South Sea pearl necklace and matching earrings made by Garrard with design input from the princess.
On June 3, 1997, Diana, Princess of Wales, attended the opening night of the British National Ballet’s performance of “Swan Lake” at the Royal Albert Hall in London wearing the necklace. This was one of her final public appearances.
Following the ballet, the princess returned the piece so Garrard could craft a pair of matching earrings, but she was tragically killed in Paris before receiving them.
The necklace is comprised of 178 marquise- and round brilliant-cut diamonds and seven 12 mm South Sea pearls. It’s mounted in platinum and includes more than 50 carats of diamonds.
The coordinating earrings feature a round brilliant-cut and marquise-cut diamond cluster with a South Sea cultured pearl drop. They are also mounted in platinum and are claw-set with peg and clip fittings.
Because of Diana’s independence from the royal family following her divorce from Prince Charles, the suite was left without an owner after she died in August 1997 and was not subject to any royal protocol.
Garrard contacted a British lord, who purchased the jewels for his wife. However, she reportedly never wore them because she was too uncomfortable with their connection to the late princess.
Next, the jewels went to Guernsey’s auction house where in December 1999, they sold to Texan businessman James McIngvale for $1 million.
In 2008, the suite changed hands again. The jewels were purchased via private sale by current owner the Ginzburgs, a Ukrainian family who has been deeply affected by the war in their homeland.
“I know their hope is that money from the sale can be used in the rebuilding [of Ukraine],” said Guernsey’s president, Arlan Ettinger.
The pre-auction estimate for the Swan Lake Suite was $5 million to $15 million.
More on Auctions
The Latest
Policies & IssuesMay 14, 2025
Here’s What Happened to Pope Francis’ RingBefore Pope Leo XIV was elected, a centuries-old procedure regarding the late pontiff’s ring was followed.
Lab-GrownMay 14, 2025
State of Diamonds: What’s Next for Lab-Grown Diamonds?While the product has entrenched itself in the market, retailers and consultants are assessing the next phase of the category’s development.
CrimeMay 14, 2025
Seattle Detectives Seek Public’s Help in Tiffany & Co. Robberies The police are trying to identify the man suspected of robbing two Tiffany & Co. locations in the area.
Brought to you by
Las Vegas Antique Jewelry & Watch Show: Showcasing the Most Collectible Merchandise from Across the GlobeGain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.
MajorsMay 14, 2025
Jeff Corey Elected Chair of JBT Board The well-known Maine jeweler takes over for Brian Fleming and will serve a one-year term.
Weekly QuizMay 08, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
Policies & IssuesMay 14, 2025
Foundrae Donates $11K to Ethical MetalsmithsThe donation was the result of the brand’s annual Earth Day Ingot event.
IndependentsMay 13, 2025
Eiseman Jewels’ Renovated Dallas Store Is Bigger and BetterLocated in NorthPark Center, the revamped store is nearly 2,000 square feet larger and includes the first Tudor boutique in Dallas.
Brought to you by
Watch: The Winston Red: GIA Examines the Smithsonian’s Newest AdditionSupplier Spotlight Sponsored by GIA
MajorsMay 13, 2025
DCA Announces New Learning Platform, Course UpdatesThe nonprofit has made updates to the content in its beginner and advanced jewelry sales courses.
MajorsMay 13, 2025
BIJC Launches New Education FundBIJC President Malyia McNaughton will shift roles to lead the new foundation, and Elyssa Jenkins-Pérez will succeed her as president.
TrendsMay 13, 2025
State of Jewelry Design: The Top 10 Jewelry Trends of the Past DecadeAs a nod to the theme of JCK Las Vegas 2025, “Decades,” National Jeweler took a look back at the top 10 jewelry trends of the past 10 years.
Lab-GrownMay 12, 2025
Lightbox to Go Dark by Summer, De Beers Says The company plans to halt all consumer-facing activity this summer, while Lightbox factory operations will cease by the end of the year.
Policies & IssuesMay 12, 2025
Tariffs on Chinese Imports Temporarily Slashed as U.S.-China Reach Deal Following weekend negotiations, the tax on Chinese goods imported into the United States will drop by 115 percent for the next 90 days.
Events & AwardsMay 12, 2025
Jewelry By Picasso, Dalí on Display at Florida Art Museum “Artists’ Jewelry: From Cubism to Pop, the Diane Venet Collection” is on view at the Norton Museum of Art through October.
Events & AwardsMay 12, 2025
CASE Awards Now Accepting Entries For 2025The deadline to submit is June 16.
IndependentsMay 09, 2025
Lugano Diamonds CEO Resigns Amid Internal InvestigationMoti Ferder stepped down Wednesday and will not receive any severance pay, parent company Compass Diversified said.
CollectionsMay 09, 2025
Pieces of the Week: Marie Lichtenberg’s Collaborations for Mother’s DayLichtenberg partnered with luxury platform Mytheresa on two designs honoring the connection between mothers and daughters.
SourcingMay 09, 2025
Gemfields Resumes Emerald Mining in ZambiaThe miner announced plans to recommence open-pit mining at Kagem.
CrimeMay 08, 2025
Former NYC Jewelry Store Employee Arrested in 2017 Choking Death of Boss Michel Desalles allegedly murdered Omid Gholian inside World of Gold N Diamond using zip ties and then fled the country.
EditorsMay 08, 2025
5 ‘Superfine’ Met Gala Jewelry MomentsAssociate Editor Lauren McLemore shares her favorite looks from a night of style inspired by Black dandyism.
Supplier BulletinMay 08, 2025
Instappraise Introduces Game-Changing Trifold Appraisal FormatSponsored by Instappraise
FinancialsMay 08, 2025
Brilliant Earth Notes an Uptick in Engagement Ring Sales in Q1CEO Beth Gerstein discussed the company’s bridal bestsellers, the potential impact of tariffs, and the rising price of gold.
IndependentsMay 08, 2025
Margot McKinney Lands in the U.S. With New BoutiqueThe brand’s first independent location outside of Australia has opened in Beverly Hills, California.
IndependentsMay 08, 2025
Verragio Announces New Regional Sales ManagerCathy Marsh will lead the jewelry company’s efforts in the upper Midwest and western United States.
FinancialsMay 07, 2025
Pandora Posts Strong Q1, Plans for TariffsThe company has multiple strategies for dealing with tariffs, though its CEO said moving manufacturing to the U.S. is not one of them.
ColumnistsMay 07, 2025
The Smart Lab: Building a Seasonal Marketing Strategy for Mother’s Day and BeyondConnecting with your customers throughout the year is key to a successful holiday marketing push.
SourcingMay 07, 2025
Gemfields Says Emerald Sales Improved in Latest AuctionIts commercial-quality emerald sale held last month totaled more than $16 million, up from about $11 million in September 2024.
