Auctions

Sotheby’s Withdraws 101-Carat Yellow Diamond from Auction

AuctionsMay 16, 2024

Sotheby’s Withdraws 101-Carat Yellow Diamond from Auction

Despite the absence of “The Allnatt,” Sotheby’s Geneva jewelry auction totaled $34 million, with 90 percent of lots sold.

The Allnatt yellow diamond
This 101-carat yellow diamond, named “The Allnatt,” was withdrawn from Sotheby’s recent “Magnificent Jewels and Noble Jewels” sale.
Geneva—A highlight of Sotheby’s recent Geneva jewelry auction was a 101-carat yellow diamond dubbed “The Allnatt,” but it was withdrawn from the sale.

“The Allnatt” is a 101.29-carat fancy vivid yellow diamond mounted in a Cartier brooch. It had a pre-sale estimate of CHF 5.6 million to 6.5 million ($6.2 million to $7.2 million).

“It has been a privilege to present ‘The Allnatt’ to collectors and connoisseurs over the past few months. Following discussions with the consignor, they have elected to retain this jewel,” Sotheby’s said in a statement to National Jeweler.

The “Magnificent Jewels and Noble Jewels” sale, held Tuesday, totaled CHF 31.1 million ($34.3 million) with 90 percent of lots sold, and 96 percent of lots exceeding their lowest estimates.

“This edition of our ‘Magnificent Jewels and Noble Jewels’ sale was marked by a succession of outstanding results, affirming the continued strength in the market for jewels and gemstones of the finest quality,” said Catharine Becket, head of Magnificent Jewels, Geneva.

North America accounted for the largest percentage of bidders and buyers, said Sotheby’s, followed by Hong Kong and China, then the U.K., Switzerland, India, and Italy.

The sale continues to draw in younger bidders, said the auction house. More than 40 percent of bidders were between the ages of 20 and 49.

Sotheby’s diamond
The top lot of Sotheby’s Geneva jewelry auction was this 37.61-carat round-cornered square brilliant-cut diamond.


The top lot was a 37.61-carat round-cornered square brilliant-cut diamond, which sold for CHF 3.9 million ($4.3 million), above its pre-sale estimate of CHF 1.5 million to 2.4 million ($1.6 million to $2.6 million).

Sapphires were a standout in the sale, with six sapphires among the top 12 lots, said Sotheby’s.

Sapphire and diamond ring
This 17.29-carat cushion-shaped Kashmir sapphire and diamond ring sold for CHF 3.4 million ($3.8 million).


In the No. 2 spot was a 17.29-carat cushion-shaped Kashmir sapphire, set in a ring between triangular diamonds.

It sold for CHF 3.4 million ($3.8 million), above its estimate of CHF 500,000 to 800,000 ($553,408 to $885,452).

Sapphire and diamond parure
This sapphire and diamond parure includes a pendant necklace, a bracelet, a pair of earrings, a ring, and a watch.


Sapphire jewels also took the No. 3 spot. Up for sale was a sapphire and diamond parure, including a pendant necklace, a bracelet, a pair of earrings, a ring, and a wristwatch.

The necklace is set with a 51.77-carat sapphire and pear-shaped, brilliant-cut, and tapered baguette diamonds while the bracelet features a 20.77-carat sapphire.

The earrings are set with two oval-shaped sapphires, weighing 8.43 carats and 8.12 carats, while the ring has an 11.59-carat oval sapphire.

The watch features a lapis lazuli dial and is signed “Gérald Genta.”

The set sold for CHF 1.3 million ($1.4 million), above its estimate of CHF 730,000 to 1.1 million ($807,975 to $1.2 million).

Toi et moi diamond ring
A toi et moi ring set with a diamond and a blue diamond


A colored diamond toi et moi ring was the auction’s fourth highest-grossing lot.

The ring is set with a 3.03-carat pear-shaped fancy intense blue diamond and a 2.82-carat diamond of a similar shape, with the mounting pavé-set with brilliant-cut diamonds.

The ring is signed “Sotheby’s Diamonds by JdG (James Taffin de Givenchy).”

It sold for CHF 825,500 ($913,676), within its estimate of CHF 730,000 to 1.1 million ($807,975 to $1.2 million).

Natural pearl and diamond necklace
This natural pearl necklace has a marquise-shaped diamond clasp.


In fifth place was a natural pearl and diamond necklace, circa 1920. The clasp is set with a marquise-shaped diamond.

It sold for CHF 698,500 ($773,110), within its estimate of CHF 550,000 to 730,000 ($608,748 to $807,975)

 Related stories will be right here … 

Spinel and diamond ring
This ring is set with a 35.25-carat cushion-shaped spinel.


Another notable lot was a spinel and diamond ring, which sold for double its lowest pre-sale estimate and set a new record for a spinel sold by Sotheby’s, the auction house said.

The 35.25-carat cushion-shaped spinel, set between half-moon diamond shoulders, has a maker’s mark for Carvin French, a notable New York jeweler.

The ring sold for CHF 685,800 ($759,884), above its estimate of CHF 320,000 to 500,000 ($354,568 to $554,013)

Cartier flamingo gem brooch
The flamingo brooch by Cartier is set with rubies, sapphires, diamonds, and emeralds.



A “Flamant,” or flamingo, brooch by Cartier, circa 1988-1989, was also up for sale. It’s a recreation of the brooch Cartier designed for the Duchess of Windsor in 1940, said Sotheby’s.

“The jewel, offered with the original design drawing, is regarded as one of Cartier’s most iconic designs and is perhaps the only recreation of the original Duchess of Windsor flamingo brooch ever issued by the legendary maison,” the auction house said.

Its plumage is set with calibré-cut rubies, sapphires, and emeralds, while the beak has a blue sapphire and yellow sapphire. Its eye is a blue sapphire while its neck, body, and hinged legs are set with brilliant-cut pavé diamonds.

It sold for CHF 419,100 ($463,866), above its estimate of CHF 100,000 to 150,000 ($110,681 to $166,022).

Aquamarine and diamond parure
An aquamarine and diamond parure


Another parure was also up for sale, featuring a bib necklace, a bracelet, and a pair of ear clips, set with diamonds and aquamarines.

It sold for CHF 533,400 ($591,021), within its estimate of CHF 460,000 to 640,000. ($509,691 to $709,136).

Within the overall jewelry auction was a single-owner collection sale, “Iconic Jewels: Her Sense of Style,” a group of 46 signed jewels owned by an unnamed collector.

All the pieces in the collection sold and it achieved double what Sotheby’s expected.

Bulgari Buddha pendant
A Bulgari “Buddha” pendant, circa 1971


The star piece was a Bulgari “Buddha” sautoir, circa 1971, previously owned by the late Lyn Revson, a 1970s style icon and the former wife of Revlon founder Charles Revson.

The detachable pendant features the Buddha, made of citrines and onyx, accented by buff-top ruby and brilliant-cut diamonds, with a halo of calibré-cut sapphires and brilliant-cut diamonds. 

The attached fancy link chain features collet-set cabochon citrines, onyx, and a sapphire. The necklace can be shortened or detached to be worn as three bracelets.

The Bulgari “Buddha” sautoir sold for CHF 660,400 ($731,740), more than six times its lowest pre-sale estimate.

The Latest

Selena Gomez, Benny Blanco, Engagement Ring
TrendsDec 13, 2024
Selena Gomez Said ‘Forever Begins Now’ to Marquise Diamond Engagement Ring

Estimates on the size and value of the solitaire diamond, which is mounted on a diamond pavé-set yellow gold band, vary.

Martin Katz tanzanite drop earrings
TrendsDec 13, 2024
Piece of the Week: Martin Katz’s Tanzanite Drops

These half-moon tanzanite earrings totaling 25 carats are part of a special trunk show taking place this weekend in Dallas.

My Next Question webinar graphic
Recorded WebinarsDec 13, 2024
Watch: The Highs and Lows of 2024

The National Jeweler editors recap the top news, the best jewels, and their favorite stories of the year.

ja nj btyb.jpg
Brought to you by
Advocacy and Excellence: How Jewelers of America Is Committed to Elevating Our Industry

For over a century, Jewelers of America has been the voice of the industry and valuable resource to jewelers across the country.

Grizzly emerald mining
SourcingDec 12, 2024
Grizzly Emerald Auction Garners $22.4M

Recent expansion initiatives at the Zambian emerald mine have shown strong production numbers, said Grizzly founder Abdoulaye Ndiaye.

Weekly QuizDec 12, 2024
This Week’s Quiz
Test your jewelry news knowledge by answering these questions.
Take the Quiz
Carrie Forman
MajorsDec 12, 2024
Mark Henry Appoints New Director of Sales

Carrie Forman joins the brand to guide it into the next phase of growth with major and independent retailers in the U.S. and abroad.

Models wearing jewelry by 2024 Shining Light Award winners
SourcingDec 12, 2024
De Beers Announces 2024 ‘Shining Light’ Award Winners

The competition awarded 12 designers, each from a country where De Beers recovers diamonds, with business support and tuition assistance.

undefined.png
Brought to you by
Protecting Your Sparkle: Why Screening Has Become Essential

While no reputable jeweler would knowingly sell lab-grown stones as natural, it's a growing possibility.

Woman wearing a snake ring and bracelet
CollectionsDec 12, 2024
The Jared Atelier x Vera Wang Collection Emphasizes Elegance

The high jewelry collection features 14 one-of-a-kind pieces, with serpent and ribbon motifs winding their way through the collection.

Stock image of a gavel
CrimeDec 11, 2024
Former Tiffany & Co. Factory Supervisor Sentenced for Stealing Precious Metals

A federal judge gave Benjamin Preacher 59 days in jail, plus 10 months of home confinement and two years of supervised release.

Grader looking into microscope at IGI lab
GradingDec 11, 2024
IGI Set to Go Public Next Week

In a CNBC interview, CEO Tehmasp Printer discussed the IPO in India and what declining lab-grown diamond prices mean for the company.

Stephanie Gottlieb, Anna Harman, Stephanie Gottlieb x Studs Collection
CollectionsDec 11, 2024
Stephanie Gottlieb Brings Natural Diamonds to Studs

The 13-piece “Stephanie Gottlieb x Studs” collection is the piercing studio’s first fine jewelry offering to feature the gemstone.

Exterior of Sauer’s Madison Avenue Store
IndependentsDec 10, 2024
Sauer Opens First U.S. Store

The Brazilian jewelry brand made a home on New York City’s Madison Avenue with exclusive pieces only available at the location.

Person at keyboard holding credit card
SurveysDec 10, 2024
Jewelry Among Top Sellers on Cyber Monday, Says Adobe

An Adobe Analytics report explored the rise in mobile shopping, the popularity of Buy Now Pay Later options, and peak shopping hours.

American Gem Trade Association and University of Arizona
Events & AwardsDec 10, 2024
AGTA Launches Scholarship for University of Arizona Geosciences Students

The inaugural Dick Greenwood Memorial Scholarship in Gems Science will cover the fall 2025 and spring 2026 semesters.

JA New York Show Entrance
Events & AwardsDec 10, 2024
JA New York To Debut 2 New Pavilions at Spring 2025 Show

A Piazza Italia pavilion will feature Italian designers and manufacturers while “MJSA Showcase” brings over a piece of the MJSA Expo.

Ray Griffiths and Ray Griffiths: The Works
CollectionsDec 09, 2024
Ray Griffiths’ First Coffee Table Book Spans 5 Decades of Design

“Ray Griffiths: The Works” tells the story of the master jeweler’s career, which started with an apprenticeship in Australia at age 15.

Grant Mobley and Thomas Davis
MajorsDec 09, 2024
Thomas Davis, Grant Mobley Join WJA Foundation Board

Davis is the director of business development at Select Jewelry Inc., and Mobley is the jewelry and watch editor at the Natural Diamond Council.

Movado campaign
FinancialsDec 09, 2024
Movado’s Q3 Sales Down 3% Amid ‘Challenging’ Environment

The retailer has been upping its marketing spend to drive revenue growth and brand awareness.

Treiber & Straub store Brookfield, Wisconsin
IndependentsDec 06, 2024
After 44 Years in Business, This Wisconsin Independent Is Closing

Mike Straub and John Treiber opened Treiber & Straub in 1980 with the goal of bringing Milwaukeeans the best jewelry brands.

Pantone Color of the Year Mocha Mousse
TrendsDec 06, 2024
Pantone’s Color of the Year Is a Delicious Mousse

The color for 2025, “Mocha Mousse,” embodies thoughtful indulgences and everyday pleasures.

Cocoerow Fine Jewelry’s Kokoro Ant Pendant
CollectionsDec 06, 2024
Piece of the Week: Cocoerow Fine Jewelry’s ‘Kokoro’ Pendant

The Yoruba word for ant, “Kokoro” embodies the strength of womanhood in ant society while highlighting responsible sourcing.

Roberto Coin jewelry
FinancialsDec 06, 2024
Roberto Coin Acquisition Gives Watches of Switzerland a Boost in H1

The retailer’s jewelry sales doubled, with branded jewelry performing especially well.

Gold rings
FinancialsDec 05, 2024
Signet Jewelers’ Q3 Sales Slide Amid Slow Engagement Ring Sales, Tech Issues

The jewelry retailer addressed the lab-grown diamond “disruption,” the price of gold, and its holiday weekend performance.

Hand holding shopping bags
SurveysDec 05, 2024
Consumer Confidence Rises Again in November

A more positive view of the current labor market boosted the Conference Board’s index last month.

Michael S. Krzemnicki
Events & AwardsDec 05, 2024
Michael S. Krzemnicki to Receive 2024 Bonanno Award

The director of the Swiss Gemmological Institute (SSEF) will be honored for his impact on gemology and dedication to advancing the science.

1.png
Supplier BulletinDec 05, 2024
Join Us For Color's Premier Show: 2025 AGTA GemFair Tucson

Sponsored by 2025 AGTA GemFair Tucson

×

This site uses cookies to give you the best online experience. By continuing to use & browse this site, we assume you agree to our Privacy Policy