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Thu, 19 May 2011

New World Record Prices Set at Christie's Geneva Auction

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New World Record Prices Set at Christie's Geneva Auction
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Jewelry Auction News

By Erika W.

Highlights from Christie's May 18 Sale

Three new world record prices were achieved at Christies Magnificent Jewels sale in Geneva. The top lot sold was a D IF Type IIa heart-shaped diamond weighing 56.15 carats. The massive heart was sold to Graff for $10,946,422 setting a new record as the most expensive heart-shaped diamond in the world. A cushion cut Burmese sapphire of 130.50 carats sold for $7,122,742 setting a new world record price for any sapphire sold at auction. An impressive Imperial Mughal spinel necklace sold for $5,210,902 achieving the highest price for any Indian jewel at auction. The Geneva sale garnered $79 million total in jewelry sales.


56.15 carat heart shaped diamond christie's geneva
Photo: AP Photo/Keystone, Christian Brun

In the photo above, a Christie's employee holds the 56.15 carat D IF Type IIa heart-shaped diamond. The heart sold for $10,946,422 making it the most expensive heart-shaped diamond every sold at auction. The last heart-shaped diamond to set a world record weighed 64.42 carats selling for $5,248,846 at Sotheby's Geneva.


130.50 carat burmese sapphire diamond brooch christie's geneva may 18 auction
Photo: Denis Hayoun - Diode SA

The cushion cut Burmese sapphire weighing 130.50 carats achieved a new world record price of $7,122,742 at the May 18 sale. The rare sapphire is surrounded by old cut diamonds in a brooch.


10.99 carat fancy intense pink diamond sotheby's geneva auction may 17
Photo: Denis Hayoun - Diode SA

An Imperial Mughal Spinel Necklace set the third new world record at Christie's selling for $5,210,902. The necklace is now the most expensive Indian jewel ever sold at auction. The spinels weigh a total of 1,131.59 carats and were most likely mounted in the 19th century.


Harry Winston Diamond Ear Pendants Christie's Geneva
Photo: Denis Hayoun - Diode SA

A pair of Harry Winston diamond ear pendants with two detachable pear-shaped diamonds weighing 14.85 and 14.59 carats sold for $3,936,342.


66.37 carat Cushion Cut Diamond Christie's Geneva
Photo: Denis Hayoun - Diode SA

An unmounted K VS2 cushion cut diamond weighing 66.37 carats sold for approximately $3.5 million.


Van Cleef & Arpels ruby and diamond ring Christie's Geneva May 18
Photo: Denis Hayoun - Diode SA

A Van Cleef & Arpels ruby and diamond ring set with a cushion cut ruby weighing 8.53 carats sold for approximately $2.3 million.


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Сategory:  Jewelry Auction News