The Fall 2014 fine jewelry auction season is off to a brilliant start…and there’s plenty more action ahead. On October 7, at Sotheby’s Hong Kong Magnificent Jewels and Jadeite Sale, the auction house set a world record for any fancy vivid pink diamond when an 8.41-carat internally flawless fancy vivid purple-pink diamond fetched $17.77 million. (In the world of Fancy Color Diamonds, the color designation is the last color named, so a purple-pink diamond is in fact a pink diamond; a brown-yellow diamond is a yellow diamond.)
Sotheby’s Hong Kong also achieved a world auction record price per carat for any sapphire when a 17.16-carat Kashmir Sapphire and Diamond Ring sold for $4.06 million, or $236,404 per carat.
Included in this record-breaking autumn auction was the highly anticipated Ballerina Butterfly Brooch co-designed by artists of different genres. Hong Kong-based jewelry designer Cindy Chao collaborated with her friend, actor and philanthropist Sarah Jessica Parker, to benefit the New York City Ballet (SJP is on the board).
See the Sotheby’s catalog description (and note the British spelling): “Modelled as a ballerina portraying a butterfly, the wings set with a cushion-shaped fancy brown-yellow diamond weighing 26.27 carats and three diamond plaques of champagne hue together weighing approximately 47.70 carats, embellished by variously-shaped diamonds and coloured diamonds together weighing approximately 97.95 carats, the body of the ballerina set with two marquise-shaped diamonds together weighing approximately 1.85 carats, a pear- and a shield-shaped diamond weighing 2.52 and 1.04 carats respectively, highlighted by three conch pearls together weighing approximately 10.75 carats, mounted in titanium and 18 karat white gold, signed.”
The Ballerina Butterfly Brooch was estimated to sell for between $750,000 and 950,000; it achieved $1.21 million.
Look to OBJ for more fine jewelry auction news and highlights in the weeks ahead.