MajorsNov 04, 2024
Jewelers Mutual Appoints Mastercard Exec to Its BoardDana J. Lorberg brings 35 years of experience in finance, technology, and strategy to the role.
AuctionsSep 26, 2016
27-Carat Diamond Fails to Sell at Sotheby’s NY
The actual top lot of last Thursday’s Important Jewels sale turned out to be a 24.72-carat sapphire ring that went for $706,000.
Though this platinum and oval-shaped 27.35-carat diamond ring was predicted to be the top lot in the Important Jewels sale at Sotheby’s New York, it didn’t end up selling.
New York--The first jewelry sale of the fall at Sotheby’s New York didn’t turn out as expected.
A platinum ring set with an oval-shaped 27.35-carat diamond was predicted to lead the Important Jewels auction last Thursday with a sale price of between $2 and $2.5 million.
But not only did it not lead the sale, the ring failed to sell period. The diamond was not mentioned when the results were released.
Instead, the top jewel turned out to be a Bulgari ring featuring a cushion-cut sapphire weighing 24.72 carats accented by 9 carats of pear-shaped diamonds. The ring, expected to sell for up to $350,000, instead garnered $706,000.
A 10.10-carat marquise-shaped diamond flanked by two tapered baguette diamonds garnered $634,000 at the auction and a square emerald-cut diamond weighing 10.02 carats with trapeze-cut diamonds of 1.75 carats followed with a $394,000 price tag.
This Bulgari ring with a cushion-cut sapphire weighing 24.72 carats at center accented by pear-shaped diamonds weighing a total of 9 carats had a pre-sale estimate of between $250,000 and $350,000. It ended up selling for twice that at $706,000.
This ring with a marquise-shaped diamond weighing 10.10 carats at center and flanked by two tapered baguette diamonds went for $634,000.
Another diamond ring, this one centering on a square emerald-cut diamond weighing 10.02 carats, flanked by trapeze-cut diamonds weighing a total of 1.75 carats, garnered $394,000.
This suite from Van Cleef & Arpels went for $340,000. The necklace features yellow and blue sapphires and diamonds, with a detachable pendant-brooch boasting an 84.90-carat yellow sapphire at center, and matching earrings.
This ring from René Lalique circa 1900 is designed as a green-blue glass face of Medusa, with blue and green enamel scales applied to the snake. It garnered $322,000, well above its $15,000 to $20,000 pre-sale estimate.
A platinum and 18-karat gold ring boasting a cut-cornered rectangular modified brilliant-cut fancy yellow 16.48-carat diamond and 1.50-carats of shield-cut diamond on the side sold for $225,000.
A Tiffany & Co. ring with a cut-cornered rectangular modified mixed-cut diamond weighing 5.69 carats at center surrounded by two modified triangle-shaped diamonds weighing approximately 0.60 carats went for $200,000.
A floral Bulgari brooch with one oval-shaped cabochon emerald at center, the petals set with round and single-cut rubies and pink sapphires and diamond accents, sold for $187,500.
This platinum bracelet is set with five oval-shaped emerald cabochons (approximately 21.35 carats) accented by round, baguette, old European and single-cut diamonds (about 17.70 carats). It garnered $187,500.
This Bulgari Serpenti wristwatch with onyx eyes, diamonds and a quartz movement sold for $175,000.
Meanwhile, a Van Cleef & Arpels suite featuring a necklace with blue and yellow sapphires and diamonds set in 18-karat gold along with a matching set of ear clips went for $340,000, while a Medusa molded glass and enamel 18-karat gold ring from renowned designer René Lalique went for well over its pre-sale high of $20,000 when it sold for $322,000.
A Bulgari Serpenti wristwatch with a quartz movement also appeared in the top 10 lots, with onyx and diamonds, at $175,000, as did a floral Bulgari brooch set with emeralds, rubies, pink sapphires and diamond accents, which sold for $187,500.
The sale totaled $8.6 million. For the full list of results, visit Sothebys.com.
More on Auctions
The Latest
CrimeNov 04, 2024
FBI Offering $15K Reward for Info on Halloween Mask-Wearing RobbersThe suspects are said to have been involved in the armed robberies of four jewelry stores across three Midwest states.
CollectionsNov 04, 2024
John Hardy’s New Jewels Turn the Black Sands of Bali into DiamondsThe new designs blend Creative Director Reed Krakoff’s aesthetic with the brand’s Balinese roots.
Brought to you by
Navigating Cybersecurity: Essential Guidance for JewelersFrom protecting customer data to safeguarding inventory records, it's crucial to learn how to tackle cybersecurity challenges.
IndependentsNov 04, 2024
Eiseman Jewels is Celebrating Watches All Month-LongThe Dallas-based jeweler will showcase timepieces from Cartier, IWC Schaffhausen, Jaeger-LeCoultre, Parmigiani Fleurier, and more.
Weekly QuizOct 31, 2024
This Week’s QuizTest your jewelry news knowledge by answering these questions.
SourcingNov 01, 2024
Reena Ahluwalia Donates Diamond Painting to Benefit CJAThe artwork, titled “Pristine,” was raffled off at the Canadian Jewellers Association’s recent summit.
IndependentsNov 01, 2024
Gunderson’s Jewelers Opens New Location in NebraskaThe new store features a custom design studio and a bridal salon.
Brought to you by
Enhance Your Expertise with IGI’s In-Person Courses in NYCThis fall, sharpen your skills in jewelry grading, quality control and diamond assessment.
CollectionsNov 01, 2024
Piece of the Week: Sydney Evan Gets ‘Wicked’Designer Rosanne Karmes has created a collection to coincide with the release of the movie musical, which is expected to be a blockbuster.
FinancialsOct 31, 2024
Charles & Colvard Faces Possible Nasdaq DelistingThe retailer said it will file the necessary paperwork to regain compliance as soon as it is able.
ColumnistsOct 31, 2024
Peter Smith: Nervous Flyers and Emotional SellingWhether you’re calming the jittery gentleman in seat 13B or selling a diamond ring to a hesitant customer, an empathetic approach is best.
Events & AwardsOct 31, 2024
WJA Will Celebrate 4 Award Winners at ‘Future of Forty’ GalaThe gala includes a red carpet, music from DJ Renata, an awards program, and “mystery boxes.”
Events & AwardsOct 31, 2024
The Instore Show Returns To Chicago AreaThe trade show, in its third year, will take place in late September at the Donald E. Stephens Convention Center in Rosemont, Illinois.
Lab-GrownOct 31, 2024
Q&A: Constance Polamalu on Selling Natural and Lab-Grown DiamondsThe jeweler shared her change of heart on lab-grown diamonds and why she keeps them separate from natural diamonds in her business ventures.
Events & AwardsOct 30, 2024
These Designers, Journalists, and Retailers Are Up for a Gem Award The 2025 Gem Awards are scheduled to take place March 14 at Cipriani 42nd Street in New York City.
MajorsOct 30, 2024
Peggy Grosz Leaves Assael After Company Is SoldGrosz had served as Assael’s senior vice president and creative director since 2017.
CollectionsOct 30, 2024
CD Peacock Honors Its Hometown of Chicago in First Bridal Collection“Love and Celebration” is the jeweler’s first in-house collection featuring engagement rings, wedding bands, and celebration rings.
SurveysOct 30, 2024
Consumer Confidence Rebounds in OctoberA more positive view of the labor market contributed to the strongest monthly gain since March 2021.
Events & AwardsOct 30, 2024
Mejuri to Award $50K in Scholarships to Jewelry Design StudentsThe funds will be distributed to schools in the U.S., Canada, and the U.K.
MajorsOct 29, 2024
Cybersecurity Expert Selected as President of Jewelers’ Security AllianceJennifer Mulvihill, the first woman to lead JSA in the organization’s 141-year history, takes over for the retiring John Kennedy.
Events & AwardsOct 29, 2024
The Can’t-Miss Events of 2024 New York City Jewelry WeekThis year’s festivities include more than 100 experiences, such as designer showcases, panel discussions, and even a treasure hunt.
MajorsOct 29, 2024
Pandora’s Holiday Campaign, New Jewelry Celebrate Light and LoveThe ads star brand ambassadors Chloe and Halle Bailey and Pamela Anderson.
SourcingOct 29, 2024
De Beers’ Production Drops 25% as Demand Remains SluggishThe company combined two sights in Q3 due to the slowdown in demand, and said it is moving up the dates for sights 9 and 10 in Q4.
EditorsOct 28, 2024
Q&A: Monica Rich Kosann Looks Back on 20 Years The jewelry designer discussed how she got into the jewelry industry, what she keeps in her favorite locket, and the future of her brand.
MajorsOct 28, 2024
Jewelers for Children’s Halloween Costume Contest RocksParticipants can buy five votes for $5 to decide which jeweler will dress up as an ‘80s rockstar for Halloween.
TrendsOct 28, 2024
Amanda’s Spooky Style FileThese 15 pieces of jewelry hand-picked ahead of Halloween appeal to the costume- and candy-loving child in all of us.
MajorsOct 25, 2024
This New Bulgari Boutique Is on a YachtStarboard Luxury is bringing the Italian brand aboard The Ritz-Carlton Yacht Collection’s newest yacht.
