The company plans to raise the prices of select watches to offset the impact of tariffs.
Circa 1920 pearl pendant garners $3.3M, sets record
Auction house Doyle New York sold a pendant with two matching pearls for $3.3 million Monday, breaking the previous world record for a pair of natural pearls set at Sotheby’s last year.

An anonymous buyer bought the pendant via telephone, paying a price that blew away the highest pre-sale estimate, which was $200,000.
The pendant features two drop-shaped slightly brownish gray natural saltwater pearls that are approximately 12.90 to 12.95 by 23.85 mm and 12.90 to 13.05 by 22.45 mm in size.
The pearls have no indication of artificial color modification, according to report from the Swiss Gemmological Institute, or SSEF, that accompanies the piece. Both are said to be “overall clean and smooth” with very good luster. An SSEF appendix letter states that finding a matching pair of pearls of this size and quality is very rare, and that this pair “can be considered a very exceptional treasure of nature.”
The pearls are topped by a pair of silver and rose-cut diamond caps suspended from a loop set with 23 old-mine cut diamonds, H to I color and VS to SI clarity, totaling 2 carats.
Ann Lange, senior vice president and director of the jewelry department at Doyle, said while the pearls and their rose-cut diamond caps are from the 19th century, likely 1850 or earlier, the pendant came later, around 1920.
She said while officials at the auction house knew the pendant would well exceed its highest estimate of $200,000--following the interest shown in the piece over the weekend, they thought it would sell for as much as $2 million--they were not expecting the $3 million-plus price they got.
She attributes to the record-setting sale to the quality of the pearls, which are a beautiful and unusual color, fully round in the back, and clean with the thick and satiny skin desirous for natural pearls.
Louis Webre, senior vice president of marketing and media at Doyle, notes that the sale of the pearl pair on Monday is the third time the record for a pair of natural pearls has been broken since 2011. That year, a pair of pearls that belonged to the late Elizabeth Taylor sold for $1.99 million during the record-setting auction
Last year, Sotheby’s Geneva sold a pair of natural pearls from the collection of Gina Lollobrigida for $2.4 million, a figure that was topped by the piece sold Monday by Doyle.
RELATED CONTENT: Diamond lots top Sotheby’s Geneva sale
“The price for natural pearls seems to be skyrocketing,” Webre said.
Accompanying the $3.3 million pearl pendant is a note connecting the pearls to Empress Eugenie, wife of Napoleon III, whose jewels were sold at a 12-day auction at the Louvre in 1887 following her husband’s fall. Lange noted that before they were suspended from the pendant, the pair of pearls could have been earrings or even a necklace.
After being brought to the United States, the pearls were passed down through the family of George Crocker (1856-1909), the son of Central Pacific Railroad founder Charles Crocker, whose fortune totaled $300 to $400 million when he died in 1888. The pearls also were passed through the family of Henry Huttleston Rogers (1840-1909), an American industrialist who made his money in Standard Oil and the Virginia Railroad.
Rogers’ son, Henry Rogers Benjamin, acquired the pearls in 1925 and eventually gave them to his daughter Anne Rogers Benjamin, who wore them at her debut in 1941 at the St. Regis Hotel in New York.
Later, Mrs. Robert R. Barry gave the pearls to her daughter, Mrs. Lewis A. Shea, who consigned them to Doyle New York for sale.
The Latest

Between tariffs and the sky-high cost of gold, designers enter this year’s Las Vegas shows with a lot of questions and few answers.

Designed by founder Renato and his daughter Serena Cipullo, it showcases a flame motif representing unity and the power of gathering.

More shoppers are walking out without buying. Here’s how smart jewelers can bring them back—and the tool they need to do it right.

However, the tariffs remain in effect in the short term, as an appeals court has stayed the U.S. Court of International Trade’s decision.


The pop icon is one step closer to launching her “B Tiny” jewelry collection, a collection she first began posting about last fall.

Sponsored by Stuller

Gain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.

It was featured in the miner’s latest sale, which brought in $24.8 million.

GemText AI uses artificial intelligence to generate tailored product titles, descriptions, and tags with jewelry-specific language.

The 3,300-square foot location is the jeweler's largest store in North America.

Aging and with myriad health issues, none will serve time for their roles in robbing the billionaire celebrity at gunpoint in 2016.

The WNBA team received rings imbued with meaning, from leaf motifs and its Liberty torch to the number of diamonds used.

A longtime executive at RDI Diamonds, Rickard has served on the JBT board for the past five years.

The two organizations have signed an affiliation agreement that’s expected to be finalized in the coming weeks.

Get a taste of the delicious candy-like gemstones in this Amanda’s Style File.

JSA’s Scott Guginsky provided a list of nine security measures jewelers should observe while locking up for the long weekend.

From Lau’s “Love of a Kind” series, the engagement ring was inspired by the moon and holds a different meaning depending on how it is worn.

The lab has adjusted the scale it uses for nacre grading.

Sponsored by GCAL by Sarine

David Walton will serve three years’ probation after an incident in a hotel bar led to the death of West Virginia jeweler David Ettinger.

The retailer also provided an update on how the tariffs situation in the U.S. is affecting its business.

The family-owned jeweler in Great Falls, Virginia, will be celebrating its golden jubilee with a year’s worth of events.

The nonprofit elected five judges who will decide the winners of its design competition.

This year’s edition includes articles on the favorite tools of notable designers, evaluating when to outsource production, and more.

The jeweler’s high jewelry collection features extraordinary gemstones, like a 241.06-carat emerald and the world’s fourth-largest spinel.

In a special column for the State of the Majors, Edahn Golan breaks down what the top-performing fine jewelry sellers are doing right.