Christie’s October 15 New York Auction Results

Christie’s held a Magnificent Jewels auction in New York yesterday and the $46.7 million sale, though not the blockbuster that we have grown accustomed to, did have some interesting highlights. Top lot of the day went to a beautiful rectangular-cut pink diamond weighing 8.77 carats that sold for $6.3 million.

8.77 carat pink diamond offered by Christie's yesterday.

8.77 carat pink diamond offered by Christie’s yesterday.

A number of David Webb pieces from the estate of Noreen Stonor Drexel proved to be very popular with bidders, particularly those featuring emeralds that soared well above estimates. The auction as a whole was a good one for David Webb fans, as there were 56 lots up for grabs.

David Webb emerald brooch sold for $209,000 (Estimate $25,000-$35,000).

David Webb emerald brooch sold for $209,000 (Estimate $25,000-$35,000).

David Webb emerald ring sold for $112,500 (Estimate $30,000-$50,000).

David Webb emerald ring sold for $112,500 (Estimate $30,000-$50,000).

David Webb emerald ear clips sold for $47,500 (Estimate $15,000-$20,000).

David Webb emerald ear clips sold for $47,500 (Estimate $15,000-$20,000).

David Webb emerald bracelet sold for $30,000 (Estimate $12,000-$18,000).

David Webb emerald bracelet sold for $30,000 (Estimate $12,000-$18,000).

A very interesting piece was a very unique 13.57-carat ‘Padparadscha’ sapphire ring that blew its estimate out of the water. Padparadscha is the term used to denote a sapphire with a pinkish-orange color, and is highly coveted by gemstone collectors (there is a very small supply of them). It was estimated at $80,000-$120,000 and sold for $497,000. There was also an unusually large color-change Alexandrite (18.23-carats) of the highest quality that sold for $557,000. And, of course, there was the infamous Kim Kardashian ring. It did indeed go well over estimates ($300,000-$500,000), with a final sale price of $749,000. The last lot of the day was the historically interesting Eva Perón Argentine flag brooch by Van Cleef & Arpels that, to no great surprise, was picked up by an Argentine collector. Its sale price was $461,000.

'Padparadscha' sapphire ring.

‘Padparadscha’ sapphire ring.

Alexandrite ring.

Alexandrite ring.

Kim Kardashian's Lorraine Schwartz diamond engagement ring.

Kim Kardashian’s Lorraine Schwartz diamond engagement ring.

Van Cleef & Arpels Brooch once the property of  Eva Perón.

Van Cleef & Arpels Brooch once the property of Eva Perón.

My personal favorite piece from the auction, going along with a trend it seems, would have to be a gold and emerald cuff by David Webb. It caught my eye for the way it highlights the stones and the pleasing symmetry. It sold for $37,500.

David Webb gold, diamond and emerald cuff.

David Webb gold, diamond and emerald cuff.

On another note, I viewed the auction live online for the first time and it was a fantastic experience I highly recommend. The webcam was trained onto auctioneer Rahul Kadakia (Head of Jewelry for Christie’s Americas and Switzerland) who looked directly into it and said things like “…and to the online bidder, wherever in the world you are, will you take $230,000?”. Quite fun.

Fall 2013 Auction Schedule

118.28 carat diamond sold by Sotheby's in Hong Kong (Reuters).

118.28 carat diamond sold by Sotheby’s in Hong Kong (Reuters).

The Fall 2013 major jewelry auction season opened yesterday with the Magnificent Jewels and Jadeite sale by Sotheby’s in Hong Kong. The main highlight of the $95 million total sale was the white 118.28-carat internally flawless D-color diamond that set a world auction record for price of a white diamond at $30.06 million. It was the largest white diamond ever offered at auction. What was expected to be another auction highlight did not turn out so well, as the 7.59-carat vivid-blue round diamond known as the ‘Premier Blue’ failed to sell. Other top lots included a double strand of jade beads that sold for $5.5 million and a ruby ring by Cindy Chao that sold for $3.8 million.

'Premier Blue' diamond.

‘Premier Blue’ diamond.

Jade double-strand necklace.

Jade double-strand necklace.

Cindy Chao Ruby Ring

Cindy Chao Ruby Ring

Following up this sale is a Magnificent Jewels auction in Geneva on November 13, where a pink diamond is expected to set a new record. The ‘Pink Star’ is a 59.60-carat internally flawless, vivid-pink diamond (the highest color-rating for pink) that is already being called the world’s most valuable gemstone. Keeping in mind that the current auction record for any stone is held by the Graff Pink, which is less than half the size at 24.78 carats and was sold in 2010 for $46.2 million by Sotheby’s in Geneva, it is very likely that a new record will be set with this truly one-of-a-kind gem. See a video about the stone here. Another interesting piece hitting the block is the famous ‘Walska Briolette Diamond’ brooch by Van Cleef & Arpels, which features a vivid-yellow 96.62-carat briolette diamond that once belonged to opera singer Ganna Walska. The brooch can be disassembled, with the diamond becoming a pendant, the wings separating as earrings and the tail as another brooch. It is expected to fetch around $8 million.

Also on the calendar is another Magnificent Jewels sale in New York on December 11.

The 59.60-carat Pink Star Diamond Ring (REUTERS/Ruben Sprich)

The 59.60-carat Pink Star Diamond Ring (REUTERS/Ruben Sprich)

Van Cleef & Arpels Walska Briolette Diamond Brooch.

Van Cleef & Arpels Walska Briolette Diamond Brooch.

Meanwhile at Christie’s there are a number of interesting pieces going up for auction this fall. In New York on October 15 will be the Magnificent Jewels auction, which will have a number of very high value colored diamonds, a Van Cleef & Arpels brooch of the Argentine flag that once belonged to Eva Perón, and pieces from the collections of Newport grand dame Mrs. Noreen Stonor Drexel and San Francisco society queen Diana Dollar Knowles.

While never officially confirmed, the nearly 20-ctw Lorraine Schwartz diamond ring being offered as Lot 194 is heavily rumored to be Kim Kardashian’s engagement ring from short-term husband Kris Humphries. The uncanny resemblance and matching description of the ring certainly makes it a compelling case. Kardashian is no Elizabeth Taylor, but the celebrity caché will likely lift the selling price over the $300,000-$500,000 estimate.

Following New York are sales in Geneva (November 12) and Hong Kong (November 26).

Van Cleef & Arpels Brooch once the property of  Eva Perón (Lot 392).

Van Cleef & Arpels Brooch once the property of Eva Perón (Lot 392).

David Webb Earrings from the Estate of Mrs. Noreen Stonor Drexel (Lot 363).

David Webb Earrings from the Estate of Mrs. Noreen Stonor Drexel (Lot 363).

David Webb Bangle from the Estate of Mrs. Noreen Stonor Drexel (Lot 373)

David Webb Bangle from the Estate of Mrs. Noreen Stonor Drexel (Lot 373)

David Webb Brooch from the Estate of Mrs. Noreen Stonor Drexel (Lot 358).

David Webb Brooch from the Estate of Mrs. Noreen Stonor Drexel (Lot 358).

Ruby and diamond necklace from the Estate of Diana Dollar Knowles (Lot 44).

Ruby and diamond necklace from the Estate of Diana Dollar Knowles (Lot 44).

Boucheron necklace from the Estate of Diana Dollar Knowles (Lot 32).

Boucheron necklace from the Estate of Diana Dollar Knowles (Lot 32).

Lorraine Schwartz diamond ring (Lot 194).

Lorraine Schwartz diamond ring (Lot 194).

Kim Kardashian wearing her Lorraine Schwartz engagement ring.

Kim Kardashian wearing her Lorraine Schwartz engagement ring.

Bonhams joins in on October 17 in New York with a fine jewelry sale featuring a light pink 8.06 carat pear-shaped diamond, a large selection of Jean Schlumberger pieces (most made for Tiffany & Co.), and items from the estate of Margaret Nielsen Stiegele, daughter of the creator of the Nielsen television rating system. Highlights from the Stiegele collection are a William Goldberg diamond bracelet, a circa 1935 emerald and diamond bracelet by Cartier, and an emerald and diamond brooch by Van Cleef & Arpels. During the preview for this sale, pieces from the collection of Barbara Taylor Bradford going up for auction December 5 in London will be available for viewing (see a video here on that sale).

Also on the calendar for Bonhams are sales in Hong Kong (November 23) Sydney (November 26) London (December 5) and again in New York (December 9).

Pink 8.06 carat diamond at Bonhams October 17 New York Auction (Lot 283).

Pink 8.06 carat diamond at Bonhams October 17 New York Auction (Lot 283).

Jean Schlumberger for Tiffany & Co. Ring (Lot 95)

Jean Schlumberger for Tiffany & Co. Ring (Lot 95)

Jean Schlumberger for Tiffany & Co. Bracelet (Lot 112)

Jean Schlumberger for Tiffany & Co. Bracelet (Lot 112)

Jean Schlumberger for Tiffany & Co. Brooch (Lot 96)

Jean Schlumberger for Tiffany & Co. Brooch (Lot 96)

Star Sapphire Bracelet circa 1935-1940 from the Estate of Margaret Nielsen Stiegele.

Masterpiece London

Aquamarine, tourmaline, diamond and gold brooch by Georges Fouquet circa  1901 (offered by Hancocks).

Aquamarine, tourmaline, diamond and gold brooch by Georges Fouquet circa 1901 (offered by Hancocks).

If you are in London between today and July 3, be sure to check out Masterpiece London. It is an international fine art, antique and design show that will host a number of jewelry booths from the likes of Seigelson, Fred Leighton, Verdura, David Webb and many more. A great opportunity to see some fine work up close.

Blue chalcedony suite by Suzanne Belperron circa 1935 (once owned by the Duchess of Windsor and offered by Siegelson).

Blue chalcedony suite by Suzanne Belperron circa 1935 (once owned by the Duchess of Windsor and offered by Siegelson).

Chinese Ming Dynasty gold and ruby pin circa 16th century (offered by Susan Ollemans).

Chinese Ming Dynasty gold and ruby pin circa 16th century (offered by Susan Ollemans).

Belle Époque diamond and rock crystal brooch by Cartier circa 1913 (offered by Siegelson).

Belle Époque diamond and rock crystal brooch by Cartier circa 1913 (offered by Siegelson).

Citrine brooch/pendant by Boucheron circa 1940 (offered by S.J. Phillips)

Citrine brooch/pendant by Boucheron circa 1940 (offered by S.J. Phillips)

Gold, enamel, diamond and ruby momento mori locket ring circa England 17th century (offered by Les Enluminures).

Gold, enamel, diamond and ruby momento mori locket ring circa England 17th century (offered by Les Enluminures).

David Webb gold, platinum and diamond "Juno" cuff.

David Webb gold, platinum and diamond “Juno” cuff.

Platinum, lapis lazuli, diamond, and enamel earrings by Boucheron circa 1925 (offered by Siegelson).

Platinum, lapis lazuli, diamond, and enamel earrings by Boucheron circa 1925 (offered by Siegelson).

Art Deco diamond and platinum necklace with a carved crystal watch pendant by Cartier circa 1930 (offered by Kentshire).

Art Deco diamond and platinum necklace with a carved crystal watch pendant by Cartier circa 1930 (offered by Kentshire).

Carved black jade, 18k gold, emerald and diamond "No 50" Verdura Cuffs (stones can be detached to become earclips).

Carved black jade, 18k gold, emerald and diamond “No 50” Verdura Cuffs (stones can be detached to become earclips).

Art Deco white and yellow gold, chrysophrase and onyx necklace circa France 1930 (offered by Kentshire).

Art Deco white and yellow gold, chrysophrase and onyx necklace circa France 1930 (offered by Kentshire).

Editorialist: A new e-commerce site for fine jewelry

Jennifer Fisher CFDA Necklace

18k gold and diamond necklace from Jennifer Fisher.

Just launched, Editorialist is an editorial/e-commerce site that focuses on luxury accessories and high-quality customer service.  Their fine jewelry currently includes items like the US$250,000 diamond necklace designed by Jennifer Fisher for the CFDA/Vogue Fashion Fund design competition sponsored by Tiffany & Co. and a David Webb boutique. The site ships internationally.

Gold, platinum, lapis and diamond cuff from David Webb (US$88,000).

Gold, platinum, lapis and diamond cuff from David Webb (US$88,000).