Rapaport News


Polished Markets

Rapaport Broadcast
Martin Rapaport Addresses Israel Diamond Week
February 12 2020

Advanced search
Latest Articles
Rough Markets
Polished Markets

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
Print Print Facebook Facebook Twitter Twitter Share Share

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
Similar Articles
JA Case 150JA Reveals CASE Award Winners
May 31, 2020
Jewelers of America (JA) has announced the winners of its 30th...
Christie’s Magnificent Jewels Set for July
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