Bonhams Fine Jewelry Sale Fetches $3.8 Million in New York

Photo of Bonhams, NY

The June 22 Bonhams Fine Jewelry Sale realized $3.8 million, with diamonds and colored gemstones leading the way. The New York auction was led by an important diamond rivière necklace that sold for $1,205,000. This stunning necklace, which weighs 79.20 carats, features Triple X-cut diamonds of the highest cut, polish and symmetry grade, reports Bonhams. The 52 graduated round brilliant-cut diamonds are joined together by a heart-shaped clasp.

diamond rivière necklace sold at the Bonhams Fine Jewelry Auction June 2015

Round Diamonds Are Back in Fashion

“This was one of many pieces in the auction that exemplified connoisseurship,” said Susan Abeles, Director of Fine Jewelry at Bonhams US. “The necklace – which is similar to one that Beyonce wore at the Oscars’ after-party – shows that round diamonds are storming back into fashion. This set of diamonds has a classical, timeless elegance that shines through.”

For more information about fashionable rivière necklaces, please visit this OBJ post from December, 2014.

Year of the Colored Gemstone

Imperial Topaz and Diamond Pendant Brooch sold at the June 2015 Bonhams auction

The Bonhams Fine Jewelry Sale also confirmed the auction company’s recent claim that 2015 will be the year of the colored gemstone. Bidders from around the world are paying a premium for stones that are becoming increasingly difficult to source in the marketplace or at auction.

For example, spirited bidding drove up the price of a turn-of-the-century imperial topaz and diamond pendant brooch that realized $87,500, more than nine times its high estimate. The brooch, mounted in platinum and rose gold with diamonds, is of “exceptional quality,” said Abeles.

Sapphire and Diamond Ring by M. Gerard, sold at the Bonhams Fine Jewelry auction in June 2015

A fine 25-carat sapphire and diamond ring by M. Gerard also attracted international interest before it achieved a remarkable result of $581,000. A pair of emerald and diamond earrings realized $118,750, more than double the published estimate.

The next Fine Jewelry Sale at Bonhams will be held on July 7 in the UK, at the Oxford saleroom. We’ll keep you posted.

Source: www.bonhams.com

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