The rarefied world of fine jewels at auction is alive and thriving. Just ask anyone who attended, bid by phone, or followed online at Christie’s and Sotheby’s record-breaking jewelry auctions in Geneva this week. Here are some highlights:
Christie’s Sale of Magnificent Jewels, November 11, 2014
The Blue Belle of Asia
The 392.52-carat Ceylon sapphire established a new world auction record for any sapphire, selling for $17,295,796. The private collector, who was seated in the room, is now the new owner of the most valuable sapphire in the world.
“A Bulgari Masterpiece”
A Pair of Fancy Vivid Blue and Fancy
Vivid Pink Diamond Ear Pendants
Marquise and pear-shaped diamond clusters suspend a detachable 6.95-carat pear-shaped Fancy Vivid Blue Type IIb diamond and a 6.79-carat pear-shaped Fancy Vivid Pink
Type IIa diamond. The mix-and-match pair realized $15,820,731.
The JAR “Parrot Tulip” Bangle Bracelet
One of seven jewels at the auction by the renowned Parisian jewelry designer Joel Arthur Rosenthal (JAR), the bracelet fetched an astounding $3,595,853 against a pre-sale estimate of $900,000. It established the second-highest price for a creation by JAR at auction.
Sotheby’s Sale of Magnificent Jewels and Noble Jewels, November 12, 2014
The “Graff Ruby”
From the collection of Dimitri Mavrommatis, The Graff Ruby was re-purchased by British jeweler Laurence Graff (he first bought it in 2006). The 8.62-carat “pigeon’s blood” Burmese ruby set a new record when it realized $8.6 million, as well as a new record price per carat for a ruby at $997,727.
A 27.54-carat Kashmir Sapphire
Sold to an Asian private buyer, the blue sapphire set a new world auction record price for any Kashmir sapphire.