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AuctionsFeb 07, 2016
Queen’s Necklace Sells For $4.3M
A platinum and diamond Van Cleef & Arpels necklace worn by the Queen Nazli of Egypt in 1939 sold for just under its high-sale estimate at Sotheby’s New York this week.
New York--A platinum and diamond Van Cleef & Arpels necklace worn by Queen Nazli of Egypt sold for $4.3 million in New York Wednesday, just below the $4.6 million Sotheby’s had projected for the piece.
Though the necklace was a prominent piece in Sotheby’s Magnificent Jewels sale, which brought in a total of $52.2 million, it was not the top lot of the auction.
Selling for $5.1 million, the highlight of the auction was a 25.87-carat cushion-cut sugarloaf cabochon sapphire, flanked by two bullet-cut diamonds and set into a platinum ring.
Following the sapphire ring and Queen Nazli’s necklace were a pair of impressive diamond rings.
The first was a 38.27-carat square emerald-cut diamond, flanked by tapered baguette diamonds and set in platinum. A buyer paid more than $4 million for the ring. The next highest-grossing lot of the auction was a 26.44-carat emerald-cut diamond flanked by two trapeze-cut diamonds, which garnered a little more than $2 million.
A complete list of results from the sale can be found on the Sotheby’s website.
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