Wednesday, June 5, 2024
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Sotheby’s Fine Jewels Sale Fetches Nearly $5 Million

London— A 23.90-carat fancy yellow diamond led Sotheby’s latest fine-jewelry sale in London, significantly surpassing its high estimate. The unmounted, cushion-shaped, VVS2-clarity stone sold for GBP 228,000 ($289,621), exceeding its anticipated upper price of GBP 180,000 ($228,682), as reported by the auction house last week.

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The online Fine Jewels sale, held from May 16 to 30, achieved a total of GBP 3.6 million ($4.5 million).

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Notable sales included a 10-carat, brilliant-cut, I-color, VVS1 diamond ring by Hong Kong jeweler Chow Tai Fook, which fetched GBP 216,000 ($274,392), surpassing its presale estimate of GBP 160,000 ($203,253).

A ring designed by Hennell circa 1985, featuring a step-cut, 7.13-carat Colombian emerald surrounded by step-cut and trapezoid diamonds, sold for GBP 192,000 ($243,904), well above its high estimate of GBP 100,000 ($127,033).

A 19th-century diamond tiara from the collection of a titled lady more than doubled its GBP 90,000 ($114,352) upper estimate, selling for GBP 192,000 ($243,904).

Other notable items included a Bulgari ring with a marquise-shaped, 6.87-carat, D, VVS1 diamond, which sold within estimates at GBP 180,000 ($228,682), and a 7.09-carat, fancy vivid yellow, VS2 diamond ring that belonged to a British actress. The ring achieved GBP 168,000 ($213,684), surpassing its upper estimate of GBP 120,000 ($152,631).

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