Bidding is Over For These Magnificent Jewels!

Monday was the Magnificent Jewels auction at Christie’s, and I am excited to let you all know the results on the items I blogged about! (Prices include buyer’s premium)

Lot #25, “A Sapphire and Diamond Ring”, estimated at $7,000 – $10,000 USD:

PRICE REALIZED: $15,000 USD

Lot #47, “A Colored Diamond and Diamond Ring”, estimated at $20,000 – $30,000 USD:

PRICE REALIZED: $37,500 USD

Lot #131, “A Diamond Bracelet”, estimated at $35,000 – $55,000 USD:

PRICE REALIZED: $43,750 USD

Lot #250, “A Color-Change Sapphire and Diamond Ring”, estimated at $15,000 – $20,000 USD:

PRICE REALIZED: $62,500 USD

Lot #275, “A Diamond Twin-Stone Ring”, estimated at $35,000 – $55,000 USD:

PRICE REALIZED: $50,000 USD

Lot #318, “An Unmounted Circular-Cut Colored Diamond”, estimated at $700,000 – $1,200,000 USD:

PRICE REALIZED: $2,098,500 USD (world auction record for a reddish-orange diamond, and a new per-carat record price of $666,200 USD)

Lot #278, “A Magnificent Diamond Ring, by Graff”, estimated at $7,000,000 – $10,000,000 USD:

PRICE REALIZED: $8,370,500 USD, sold to Laurence Graff

What do you think of those prices? I am glad to see that the Color-Change Sapphire went for triple the estimated price, it really was a beautiful stone. And I am impressed that the fancy reddish orange natural colored diamond went for double it’s estimated price, setting a world record in auction price and per-carat price for a reddish-orange diamond. As for the final ring, the Magnificent Diamond Ring by Graff, my guess was right, and Laurence Graff is the owner once again! I actually found out that this is the third time he has owned the ring, and he paid $4,200,000 for it at auction back in 2005. I wonder if we’ll see it at auction again in 2019?

If you missed seeing this exhibition in person, there will be a whole new Magnificent Jewels auction at Christie’s in April 2013. Mark those calendars!

Lot #25 image found here, Lot #47 image found here, Lot #131 image found here, Lot #250 image found here, Lot #275 image found here, Lot #318 image found here, Lot #278 image found here.

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