RapNet


Rapaport News

 

Polished Markets

 

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

Christie’s Online Jewelry Auction Sells Out

Company garners $1.4 million, with 81% of items beating their high estimates.
Apr 26, 2020 9:23 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... Christie’s garnered $1.4 million from its Jewels Online sale, selling 100% by value.

An emerald and diamond necklace from Graff’s Icon collection was the top lot, fetching $52,500, against a high estimate of $15,000, the auction house said Friday. The piece contains 71 round diamonds weighing a total of 2.99 carats and 11 pear-shaped, and nine round, emeralds. A pair of emerald and diamond earrings from the same collection brought in $43,750, well above its $30,000 upper presale valuation.

Some 81% of items on offer beat their high estimates, with an “unprecedented” number of online buyers, Christie’s noted. Bidders from 31 countries participated, a 99% increase in unique visitors compared to the same sale in 2019, and a 46% rise compared to February’s online sale.

“We worked collaboratively to enhance our digital educational offerings to include refreshed online collecting guides, videos, and interviews with specialists to better virtually connect with our audiences,” said Caroline Ervin, specialist for e-commerce jewels at Christie’s Americas. “The extraordinary engagement is a testament to our meaningful client relationships and digital initiatives, and the strong results are attributed to the thoughtful curation of the sale, which featured a wonderful selection of spring-inspired jewelry by celebrated designers.”

Other notable items included a Graff ring set with a pear-shaped, 1-carat diamond and 112 round diamonds weighing a total of 1.60 carats, surrounded by 113 round rubies. The jewel fetched $35,000, exceeding its high estimate of $18,000.

Jewelry by designer David Webb also proved popular, including a pair of diamond and multi-gem earrings and a gold necklace, both of which sold for $35,000, more than four times their low estimates. Pieces by Verdura and Tiffany also performed well, Christie’s noted.

Christie’s will hold its next online jewelry sale from April 28 to May 8. That auction includes a yellow-diamond ring-and-earrings set, sapphire and diamond heart earrings by Graff, and a ruby and diamond necklace, each estimated at HKD 150,000 to HKD 250,000 ($19,354 to $32,257).

Image: The emerald and diamond necklace from Graff’s Icon collection. (Christie’s)
Print Print Facebook Facebook Twitter Twitter Share Share
Tags: Caroline Ervin, Christie’s, David Webb, Graff, Jewels online, Rapaport News, Tiffany, Verdura
Similar Articles
Polished diamondUS Polished Imports Continue to Drop
Nov 22, 2020
The US recorded its 18th consecutive monthly fall in polished-diamond imports...
Israel Polished Exports Slump
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