EditorsNov 22, 2024
Out & About: Inside the CD Peacock MansionStep inside the nearly 21,000-square-foot suburban Chicago jewelry store with Editor-in-Chief Michelle Graff.
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
CollectionsNov 22, 2024
Piece of the Week: Xander Jane’s ‘Spiked’ Pearl StudsThese punk-inspired earrings from the new Canadian brand’s debut collection reveal the alter ego of the classic pearl.
SourcingNov 22, 2024
Facets of Fire Expands to Include Pear, Marquise DiamondsThe company brings its nanotechnology to two new fancy cuts for diamonds that feature its signature color and brilliance.
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.
Supplier BulletinNov 21, 2024
Tasha R Releases 2025 Labbelle Lab Diamond Jewelry CatalogSponsored by Tasha R
Weekly QuizNov 21, 2024
This Week’s QuizTest your jewelry news knowledge by answering these questions.
MajorsNov 21, 2024
Harris Jewelry Ordered to Reopen Claims Portal for Refund RequestsA federal court found that the jewelry store chain violated terms of the settlement reached after it was accused of defrauding customers.
CollectionsNov 21, 2024
Channel Elphaba in Muse’s ‘Have a Heart x Cynthia Erivo’ CollectionCynthia Erivo chose Dreams of Hope, an organization dedicated to empowering LGBTQA+ youth, as the charity for this year’s collection.
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.
MajorsNov 21, 2024
Rocksbox Opens Pop-Up Store in San FranciscoThe new space was designed to evoke a warm, inviting vibe.
IndependentsNov 21, 2024
Mary Moses Kinney Is Now Part of The Edge’s Team Kinney, who spent nearly 30 years at IJO, has been hired to head Abbott Jewelry Systems’ new virtual marketplace.
CrimeNov 20, 2024
Sotheby’s to Pay $6.25M Settlement to NY State for Alleged Tax FraudThe auction house was accused of helping clients avoid paying taxes on millions of dollars’ worth of art purchased from 2010 to 2020.
Events & AwardsNov 20, 2024
Kering Debuts New Jewelry Award With Sustainability FocusThe four finalists will present their pieces at the 2025 JCK Las Vegas show.
CollectionsNov 20, 2024
Pamela Love Channels Surrealist Artists in New CollectionThe “Camera Oscura” collection showcases earring designs celebrating female Surrealist artists Claude Cahun and Leonor Fini.
Policies & IssuesNov 20, 2024
Columbia Gem House Raises $10K for Reforestation EffortsThe money will fund the planting of 10,000 trees in critical areas across Oregon, Arizona, Montana, and other regions.
Events & AwardsNov 20, 2024
The Jewelry Symposium Opens Registration, Scholarship ApplicationsThe event centered on advancing jewelry manufacturing technology will return to Detroit in May 2025.
CrimeNov 19, 2024
Woman Killed in Armed Robbery of Sacramento Jewelry StoreLocal reports identified the woman as the wife of the jewelry store owner.
MajorsNov 19, 2024
Trove Opens First US Flagship in NYCThe Australian jewelry box brand’s new West Village store will showcase new jewelers each month through its Designer in Residence program.
CollectionsNov 19, 2024
Snoop Dogg’s New Jewelry Collection Is All About Love“Lovechild” was created in partnership with Carolyn Rafaelian’s Metal Alchemist brand.
EditorsNov 18, 2024
Q&A: Helzberg CEO Brad Hampton on the Jeweler’s RebrandHampton discussed how Helzberg is improving the customer experience and why it was inspired by the company formerly known as Dunkin’ Donuts.
Policies & IssuesNov 18, 2024
Reciprocity Jewels Returns to NYC Jewelry WeekThe group will host several curated events and an exhibition of designer jewelry made with Peruvian gold traceable to the miners’ names.
CollectionsNov 18, 2024
Dolly Parton Shines in Collaboration with Kendra ScottThe collection honors the 50th anniversary of Dolly Parton’s “Love is Like a Butterfly” song, which shares a birth year with Kendra Scott.
Events & AwardsNov 18, 2024
IGI Jewelry Design Competition ReturnsThis year’s theme asks designers to take inspiration from classic fairy tales.
EditorsNov 15, 2024
Why Fine Jewelry Belongs at New York Comic ConSenior Editor Lenore Fedow makes the case for why more jewelers should be appealing to nerds at the annual event.
CollectionsNov 15, 2024
Marie Lichtenberg Battles Counterfeits with New ‘Raiz’in Scapular’ DesignsThe latest “Raiz’in” drop showcases a newly designed “Scapular” necklace and donates a portion of the proceeds to Make-A-Wish France.
WatchesNov 15, 2024
Piece of the Week: Citizen’s Commemorative Pocket WatchNo. 1 out of 100, the timepiece was created to mark Citizen’s 100th anniversary and will be auctioned off at Sotheby’s next month.
Recorded WebinarsNov 15, 2024
Watch: 10 Tips to Keep Your Jewelry Store Secure On the latest episode of “My Next Question,” two experts share best practices for store security during the holidays and year-round.
AuctionsNov 14, 2024
18th-Century Diamond Necklace Sells for Nearly $5M Sotheby’s sold the necklace, which potentially has ties to Marie-Antoinette, for $4.8 million to a woman bidding via phone.
