Sale of Important Jewelry on Wednesday, December 13, 2017
Important Emerald Achieves $705,000
NEW YORK, NY -- Perfectly timed for the holidays, Doyle's auction of Important Jewelry on December 13, 2017 offered exquisite jewelry spanning the Antique, Victorian, Edwardian, Art Nouveau, Art Deco and Modern eras by the world's most prestigious makers, including Van Cleef & Arpels, Cartier, David Webb, Bulgari and Tiffany & Co.
With competitive bidding in the saleroom, on the telephones and via the Internet, the auction totaled an exceptionally strong $4,024,625, surpassing the estimate of $2,177,700-3,096,800, with a robust 89% sold by lot and 93% sold by value.
Important Emeralds from the Estate of a Distinguished Collector
Highlighting the auction was an important Colombian emerald of approx. 11.12 carats described by the AGL (American Gemological Laboratories) as "a gem worthy of special distinction." Property from the Estate of a Distinguished Collector, this rare emerald attracted an international audience of bidders who sent the price soaring over its estimate of $200,000-300,000 to achieve a stunning $705,000.
The Estate offered additional jewelry featuring quality emeralds that sold strongly at the auction. An impressive brooch centering a Colombian emerald of approx. 6.43 carats surrounded by diamonds fetched $162,500, more than double its estimate of $50,000-70,000. A classic cultured pearl necklace with a Colombian emerald clasp sold for $93,750, many times its estimate of $10,000-15,000.
The international jewelry market has experienced growing demand for quality colored gemstones over the past few seasons. These include the finest examples of Burma rubies, Kashmir sapphires and Colombian emeralds. Quality Emeralds in particular have performed especially well over the past year, as international demand increases for the finest stones possessing a superior degree of transparency and a richly saturated color.
Van Cleef & Arpels from a Distinguished New York Family
From a Distinguished New York Family was an exquisite Art Deco Tutti Frutti Vase de Fleurs lapel-watch by Van Cleef & Arpels, France, the watch by Audemars Piguet & Co. This circa 1922 piece is designed as a crown suspending a basket set with diamonds and cabochon and carved rubies, sapphires and emeralds. A rare early example of Tutti Frutti jewelry by Van Cleef & Arpels, the pendant watch was the subject of competitive bidding that sent the price to $106,250, far over its estimate of $25,000-35,000. From the same collection was a a pair of gold, diamond, ruby and sapphire 'Lawn' bracelets/necklace combination by Van Cleef & Arpels, France, circa 1948, that realized $87,500, well over the $15,000-20,000 estimate.
All prices include the Buyer’s Premium.
We Invite You to Auction!
Consignments are currently being accepted for future Jewelry auctions:
Fine Jewelry - Feb 20
Jewelry - Feb 21
Important Jewelry - Apr 24
Jewelry Beverly Hills - May 14
We invite you to contact us for a complimentary auction appraisal of your jewelry and fine watches. Our specialists are always available to discuss the sale of a single item or an entire collection.
For information, please contact:
Ann Lange in New York at 212-427-4141, ext 221 or jewelry@Doyle.com
Nan Summerfield and Emily Marchick in Beverly Hills at 310-276-6616 or DoyleLA@Doyle.com