Christie’s concludes a remarkable New York Sale

Esmerian's Christies Jewels Auction is Canceled. However, Christie's fetches $49.8 million in 'traditional' jewelry auction. Ten jewels sold over $1m with diamonds being the main crowd pullers

By: DiamondWorld.net Apr 18, 2008

Christie’s published the results of its New York Jewelry Sale, and accordingly it sold 293 lots or 88% of the 332 lots put on offer. In value terms the lots sold a mounted to €31,572,705. 

Rahul Kadakia, Head of Jewelry, Christie’s Americas commented, “While the Rare Jewels and Gemstones auction could not take place, the New York Jewelry Sale realised an outstanding $50m, making it the most valuable jewellery auction ever held in the U.S. 

Ten jewels sold over $1m and diamonds stole the show all across the board, with a sensational $175,000 per carat paid for a 39ct perfect gem. Bidding was robust throughout the day, underscoring the continued strength of the jewelry market and the global appetite for important stones.”

The star of the Christies "traditional" auction was a 39.34-ct. unmounted cushion-cut diamond (pictured) that fetched nearly $6.9 million

The remarkable 39ct perfect gem was a cushion-cut D color, IF Type IIa diamond which sold for $6,873,000. The other nine outstanding diamonds and diamond jewellery sold included; 

A 27.91cts Harry Winston rectangular-cut D colour, potentially flawless diamond sold for $4,073,000, a 21.90cts Harry Winston pear-shaped D colour potentially flawless diamond ring sold for $3,065,000, a 18.44ct rectangular-cut D colour, potentially flawless diamond sold for $2,561,000, a 16.89cts Carvin French rectangular-cut D colour IF diamond ring/pendant sold for $2,393,000, a 20.10cts rectangular-cut F colour, potentially flawless diamond sold for $1,497,000, a pair of pear- shaped D colour, Type IIa diamond ear pendants of 4.56 and 5.06cts sold for $1,441,000, a pair of fancy yellow diamond ear clips of 29.07 and 28.19cts sold for $1,071,400, a 40.39ct Bulgari rectangular-cut fancy intense yellow diamond ring sold for $1,037,800 and lastly a 22.27ct Harry Winston Kashmir sapphire and diamond ring sold for $1,026,600.

The buyers were a mix of American, European and a few Middle Eastern buyers. The next sale is scheduled in Dubai on 29 April 2008.

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