Watch as Edahn Golan, Sherry Smith and Avi Levy join Michelle Graff to talk pricing and trends in this controversial corner of the market.
Pearl necklace sells for a record $5M
The four-strand natural colored pearl necklace was part of Christie’s April 14 sale in New York, which totaled nearly $42 million.
Boasting pearls measuring in size from 4.90 mm to 12.65 mm, the necklace was purchased by a private buyer from Asia and is now the most expensive natural colored pearl necklace ever bought at auction.
All told, Christie’s April 14 sale of Magnificent Jewels in New York totaled $41.9 million, and was 77 percent sold both by lot and by value.
“Natural pearls achieved very strong prices and … there was spirited bidding for colored pink and blue diamonds along with all of the JAR creations offered at the auction,” said Rahul Kadakia, international head of Christie’s Jewelry.
A complete list of results can be found on Christies.com.
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