Strong Prices for Diamond Rings Throughout the Sale
International Competition for Jewelry by Such Makers as Cartier, Webb, Van Cleef & Arpels, and Tiffany & Co.
Doyle New York's Important Estate Jewelry auction on September 21, 2011 saw international competition from hundreds of bidders in the salesroom, on the telephones, and via the Internet. The sale offered jewelry spanning the Antique, Victorian, Edwardian, Art Nouveau, Art Deco and Modern eras by some of the world's most prestigious makers, including Harry Winston, Buccellati, Cartier, David Webb, Van Cleef & Arpels, and Tiffany & Co. Also featured were fine watches and objets de vertu, including elegant compacts and cufflinks. Highlighting the auction was a large group of rings set with high carat weight diamonds.
Strong international competition resulted in an auction total of $4,583,307 against a pre-sale estimate of $3,736,300-5,299,600, with 78% sold by lot and 83% sold by value.
The top lot of the day was a ring set with an emerald-cut diamond of approx. 5.26 carats, D color, Internally Flawless, that sold within estimate at $266,500. A ring set with a round diamond of approx. 5.34 carats, H color, VS2 clarity, achieved $158,500, well over its estimate of $80,000-120,000. Another ring with the same estimate and the identical selling price featured a round diamond of approx. 13.27 carats, U to V color, VVS2 clarity.
A ring set with a one round diamond of approx. 8.36 carats, K color, VVS2 clarity, sold for $146,500; and a ring with an emerald-cut diamond of approx. 12.78 carats, S to T range, VS1 clarity, sold for $140,500, both near the top end of their respective $100,000-150,000 estimates.
Featured among the diamond necklaces was a pendant-necklace by Cartier set with three diamonds of approx. 2.32 carats each that sold for $92,500, surpassing its estimate of $50,000-70,000. A diamond necklace by Harry Winston, total diamonds approx. 24.35 carats, fetched $86,500, well over its estimate of $40,000-60,000.
Strong prices were also achieved by colored stone jewelry. An exquisite invisibly-set sapphire, diamond and yellow diamond flower clip-brooch by Charles Vaillant estimated at $40,000-60,000 sold for $76,900. Charles Vaillant was a talented New York jeweler who made jewelry for the Duke of Verdura. After leaving Verdura, he continued to create fabulous pieces for private clients. Verdura was represented in the sale by an elegant gold and white enamel "Chevalier" cuff bangle bracelet set with emeralds, sapphires, diamonds and cultured pearls that sold within estimate at $37,500.
A sapphire and diamond brooch centering an oval sapphire of approx. 27.00 carats sold for $50,000, many times its estimate of $8,000-12,000; and a pair of Art Deco carved jade and diamond clips by Charlton & Co. estimated at $15,000-20,000 achieved $31,250.
Jewelry set with natural pearls also fetched strong prices. A pair of Art Deco diamond and naturalpearl pendant-earrings more than doubled their estimate of $15,000-20,000, selling for $40,625.
The selection of fine watches offered a handsome gentleman's 18 kt. gold automatic wristwatch with moonphase dial by Patek Philippe that sold for $31,250, surpassing its estimate of $18,000-24,000.
All prices include the buyer's premium.
Next Important Estate Jewelry Auction: December 6, 2011
Consignments are currently being accepted for Doyle New York’s next Important Estate Jewelry sale scheduled for December 6, 2011. We invite you to contact us for a complimentary auction evaluation. Our specialists are always available to discuss the sale of a single item or an entire collection. For information, please contact Ann Lange at 212-427-4141, ext 221 or email [email protected]