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Sotheby’s Garners $21.5M at New York Auctions

Blue diamond goes for $2.3 million.
Apr 18, 2019 5:34 AM   By Rapaport News
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RAPAPORT...
Two Sotheby’s New York auctions brought in a combined $21.5 million Wednesday, with a blue-diamond ring achieving the top price.

The cut-cornered square modified brilliant-cut, 3.24-carat, fancy-intense-blue, VVS1-clarity diamond ring, flanked by two pear-shaped diamonds, fetched $2.3 million, or $709,877 per carat. It had been estimated at $2.5 million to $3 million for the Magnificent Jewels sale.

Other notable items at the sale included a pair of round, F-color, VS2-clarity diamond earclips by Betteridge. The jewels, each weighing 20.27 carats, sold for $1.7 million, at the high end of their presale estimate of $1.3 million to $1.8 million. A round, 30.40-carat, H-color, VS2-clarity diamond ring by the same jeweler garnered $1.2 million, beating its high estimate of $1.1 million.

Additionally, a Serpenti necklace by Bulgari, comprising 260 carats of diamonds, went for $920,000, within its presale valuation of $800,000 to $1 million. The piece is transformable: It can also be worn as a belt.

In total, the Magnificent Jewels auction earned $17.7 million. The subsequent Fine Jewels sale yielded $3.9 million, with 82% of lots sold. Signed pieces by Cartier, Van Cleef & Arpels, and Tiffany & Co. proved popular with buyers.

Image: The 3.24-carat blue-diamond ring. (Sotheby’s)  
Tags: Betteridge, Bulgari, Cartier, Fine jewels, Magnificent Jewels, new york, Rapaport News, Serpenti, Sotheby’s, Sotheby’s New York, Tiffany & Co, Van Cleef & Arpels
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