Sunday, July 7, 2024

Van Cleef & Arpels Diamond Tie-Necklace Sells for $3.6 Million at Sotheby’s Auction

New York — A rare diamond tie-necklace by Van Cleef & Arpels sold for $3.6 million at a Sotheby’s jewelry auction in New York, marking the highlight of the event.

Dating back to circa 1929, the necklace features graduated links adorned with variously cut diamonds and elongated, partially rotating tassels. Initially estimated to sell for a maximum of $1.2 million, the piece far exceeded expectations following a six-minute bidding war among seven participants.

This necklace exemplifies the geometric designs characteristic of the Art Deco movement and is believed to be one of only a few such pieces ever created.

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