12-12-2019
Christie’s New York’s magnificent jewels auction held yesterday fetched a total of US$67.5 million, with 93 percent sold by value and 91 percent sold by lot. ‘The duPont Ruby’ brooch (photo 1) claimed top lot of the sale.
From The Virginia Museum of Fine Arts, the brooch features a 11.20-carat cushion-cut Burmese ruby, emeralds, diamonds and natural pearls sold for nearly US$9 million. Other major lots included a fancy vivid blue diamond ring of 3.07 carats (photo 2) sold for US$3.4 million and a cabochon Kashmir sapphire ring of 30.14 carats (photo 3) sold for US$3 million.
Rahul Kadakia, international head of jewellery, Christie’s, said: “The depth of bidding, strong sell through rates, and solid prices realized demonstrate Christie’s continued ability to source and sell the very best jewels for our collectors…We are delighted with the results as it showcases the strength of the market and a broader more sophisticated approach to what our clients are looking to acquire.” (Photo courtesy: Christie’s)
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