RapNet


Rapaport News

 

Polished Markets

 
Rapaport Broadcast
Martin Rapaport Addresses Israel Diamond Week
February 12 2020

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Sotheby’s New York Jewels Sale Tops $10M

The top lot was a 5-carat, VS1, heart-shaped fancy orangy-pink diamond that sold for $126,500 per carat.
Feb 10, 2012 2:20 AM   By Dilipp S Nag
Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Sotheby’s New York sale of important jewels generated $10,258,501 and was 84.2 percent sold by lot and 88.1 percent sold by value. This was the highest total for a February auction of jewelry at Sotheby’s New York, exceeding the record of $8.9 million set in 2011, the auction house noted.

''We are very pleased with the results of Sotheby’s first jewelry auction of 2012, and the strong indications that the market has given for the coming year,'' said Lisa Hubbard, co-chairman of Sotheby’s International Jewelry department.

Rounding out the top three lots, a 5-carat, VS1,  heart-shaped, fancy orangy-pink diamond pendant necklace  achieved $632,500, or $126,500 per carat. A 17.73-carat, J, VS1, modified cushion-shaped diamond ring sold for $446,500 or $25,183 per carat. A 7.22-carat, G, internally flawless, emerald-cut diamond ring sold for $362,500.  Art Nouveau pieces by René Lalique and Georges Fouquet demonstrated a strong demand for unique designs, with all six selling for a combined $749,000, which was well above the high estimate of $435,000.

Given this record February sale in New York, Sotheby’s stated that it is looking forward to the auction of Magnificent Jewels in April.
Tags: auction, diamond, Dilipp S Nag, Important Jewels, new york, Sotheby’s
Similar Articles
Bharat Diamond Bourse.India Trade Drops Sharply in March
May 25, 2020
India’s diamond shipments declined heavily in March as the coronavirus crisis...
Israel Bourse Opens Redesigned Trading Floor
RJC Elects New Board Members
Rapaport Weekly Market Comment
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us