13.54-Carat Paraíba Tourmaline Sets Records at Christie’s
Set in a Tiffany & Co. necklace, it sold for $4.2 million, the highest price and price per carat paid for a Paraíba tourmaline at auction.

The necklace’s sale also set a new record per-carat price for a Paraíba tourmaline sold at auction—a little over $310,000 per carat.
The piece, featuring a 13.54-carat triangular modified brilliant-cut Paraíba tourmaline as well as round, pear, and square-shaped diamonds, generated spirited bidding in the room, online, and on the phone, the auction house said, soaring past its high estimate of $600,000.
The matching earrings were also a highlight.
Set with oval modified brilliant-cut Paraíba tourmalines of 3.45 and 3.19 carats, the pair sold for $1.3 million, far exceeding their highest estimate, $180,000.
Both the pendant and the earrings are signed Tiffany & Co.
Christie’s said Tiffany & Co. was among the first to recognize the rarity and beauty of Paraíba tourmalines, securing “exceptional access” to the original Brazilian material soon after its discovery in 1989.
Though more deposits were later uncovered in Mozambique and Nigeria, the material from Brazil stands apart for its intense saturation and glow.
The sale of these two lots underscored the extraordinary demand for rare tourmaline pieces and marked a defining moment in the auction, Christie’s said.
Both pieces were from the collection of prominent art collectors and philanthropists Max and Cecile Draime.
The couple had a strong relationship with Tiffany & Co., and Cecile’s jewelry collection contained bright and colorful pieces that included gemstones like Paraíba tourmalines as well as vibrant orange garnets and purplish-blue tanzanites.
Christie’s Magnificent Jewels auction, held Dec. 10, achieved a total of $46.5 million and 95 percent of the lots found buyers.
The auction house noted that sapphires performed exceptionally well at the sale.
A pair of antique sapphire and diamond earrings, the second highest grossing lot in the sale, sold for $3.1 million, double their low estimate.
A 16.23-carat sapphire and diamond ring realized $1.8 million, exceeding its estimate of $500,000 to $700,000.
Additionally, a ring featuring a 21.54-carat Ceylon sapphire sold for $304,800, about five times its highest estimate of $60,000.
The piece was part of the collection of Maureen Dwyer Smith, a champion of the arts and notable figure in Chicago’s philanthropic community who died earlier this year.
Christie’s said, “These results highlight the enduring appeal and demand for rare sapphires among collectors worldwide.”
Also on offer was “Property of Mr. and Mrs. John D. Rockefeller 3rd, from the Collection of Sandra Ferry Rockefeller,” which consisted of three Cartier jewels and a pair of Raymond Yard multi-gem and diamond parrot clip-brooches.
It sold for $2.6 million, slightly exceeding its high estimate.
The collection achieved a total of $3.1 million, with each lot topping its highest estimate.
Christie’s jewelry sales continue online with “Splendor & Style: Jewelry from the Collection of a Distinguished Lady,” a single-owner sale that closes today.
The Latest

The stores that have a great December are the ones that made good decisions in August, September, and October, Sherry Smith writes.

“Adornos: Jewelry, Memory & What We Pass Down” honors the jewelry’s importance to New York City’s Latine communities.

The company’s managing director of sales said the results demonstrate “continued strong demand for commercial-quality emeralds.”

Submit your pieces for a chance to win in this year's competition.

The nonprofit awarded a grant to the Gift of Sight initiative spearheaded by South African musician Black Coffee.


The Latine-owned New York jeweler is marking two milestones this year: its 50th anniversary and the 25th anniversary of the 9/11 attacks.

The jewelry retail broadcast network has sponsored a new space for Make-A-Wish East Tennessee on its campus in Knoxville.

Retailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.

The recipients were recognized at the 24 Karat Club of the Southeastern United States’ annual banquet.

Keith Rolfe, CFO and COO of Lagos, is now at the jewelry brand’s helm while Steven takes on the role of executive chairman.

Alberto Perez-Elias is one of four men charged in the armed robbery of a Cape Coral, Florida, jewelry store and remains at large.

Four directors were elected to the AGTA board and will serve three-year terms beginning in February.

Ken Citron joins the celebrity memorabilia-focused auction house ahead of its first week-long series of events in Abu Dhabi.

The jewelry retailer said it sees opportunity at higher price points, particularly in natural diamonds for bridal and fashion.

The Los Angeles-based, family-owned jeweler was founded by Lenny and Sunny Friedman in 1946.

The auction, held in Bangkok, was 96 percent sold by lot, with nearly 411,000 carats of Mozambiquan rubies sold.

Fine Jewelry 2027-2028 has more than 900 new styles, including silver, gold-filled, gold-plated sterling silver, and vermeil jewelry.

Learn more about the new terms for lab-grown diamonds and composite gemstones, and the major changes in store for precious metals jewelry.

Bromberg is remembered as a Southern gentleman who always wore a suit and tie and treated others with kindness.

With high durability and a wide range of colors to choose from, sapphires may be the ultimate birthstone, Gizzi claims.

Laughter is often considered a distraction in the workplace, but it has benefits for both staff and management, Peter Smith writes.

Gretchen Koback Pursel is the new chief people officer at the company formerly known as Saks Global.

The California jeweler is renovating its store in Fresno, with plans to show off the new space in December.

A lifelong practitioner of Pilates, Gabrielle looked to the springs’ tension and suspension when creating this ring, our Piece of the Week.

The deadline to apply is Nov. 13.

The auction house has promoted Remi Guillemin, formerly its head of watches for the Americas and EMEA, to the role.

Zaven Ghanimian discussed the value of human craftsmanship and where the implementation of artificial intelligence does work.


























