RapNet


Rapaport News

 

Polished Markets

 
Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

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

Auctioneers Tickled Pink by 2017 Jewelry Sales

Record-breaking diamonds drive total proceeds to more than $1 billion.
Dec 20, 2017 7:55 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
Christie’s and Sotheby’s saw combined jewelry sales of more than $1 billion this year as major pieces smashed auction records.

While neither company released a year-on-year comparison, Christie’s described 2017 as a “stellar year” for its jewelry department. Christie’s reported worldwide jewelry sales of $556.7 million for the year, while Sotheby’s garnered $551.3 million, it said.

Both auction houses recorded significant milestones this year, with Sotheby’s selling the CTF Pink Star diamond (pictured) for a world-record $71.2 million. It also achieved the highest price for earrings in auction history, selling the Memory of Autumn Leaves and the Dream of Autumn Leaves for a combined $57.4 million.

Meanwhile, Christie’s sale of the 14.93-carat Pink Promise for $32.2 million in Hong Kong earned the highest average price per carat for a pink diamond.

While the bulk of Christie’s sales were at live auctions, the company has seen “immense growth” in online auction sales to $8.9 million this year. Sotheby’s said buyers bought 23% of lots online.

Some 32% of Sotheby’s jewelry buyers this year were bidding at the auction house for the first time, the company added.
Tags: auction, Christie’s, CTF Pink Star, Dream of Autumn Leaves, Jewelry, Memory of Autumn Leaves, Pink Promise, Rapaport News, Sotheby’s
Similar Articles
Dubai Conference Lab Grown PanelSynthetics vs. Natural: The Battle over Value
Nov 13, 2019
In a jam-packed program, the Dubai Diamond Conference set the stage...
7ct. Blue Fetches $12M at Christie’s Geneva
Art Deco Jewels Lead Bonhams Auction
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