Wednesday, July 17, 2024

This Massive 126-Carat Diamond Led Christie’s Spring Jewelry Auctions to a Massive $62 Million Day

Christie’s latest New York jewelry sales proved that serious stones haven’t lost their appeal.

The auction house hosted both The Magnificent Jewels of Anne Eisenhower and Magnificent Jewels sales in N.Y.C. on June 7, achieving a combined total of $62.3 million. Exceptional pieces by Tiffany & Co. and Cartier, as well as Van Cleef & Arpels sold for millions across both auctions.

Christie’s annual Magnificent Jewels sale achieved a high sales total of $50.7 million on Wednesday with ‘The Light of Peace’ diamond leading the sale. The massive 126-carat stone, previously owned by the Zale Corporation of Dallas, sold for $13.6 million. It was formerly named the ‘Zale Light of Peace’ to promote the company’s philanthropic ideals. A portion of the proceeds for the dazzling lot will be donated to USA for UNHCR, a UN Refugee Agency. Harry Winston, Verdura, and Chaumet jewels from private collections also featured in the sale, which saw 112 percent of its lots sold by low estimate, and 96 percent sold by value.

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