Auction Of Precious Jewelry – New York
Sotheby’s New York Magnificent Jewel auction – 2012
othevy’s New York Magnificent Jewels auction held on April 2012. World’s giant buyers and sellers had participated in this auction and made this event remarkable and reached it to huge success. This event was highly responsible For this new world record.
New World Record of jewelry industry
The sale of Sotheby’s Magnificent jewelry total sell marked at US $43.1 million. This auction Achieved 88% of sale. It was the highest-ever total for a spring sale of jewellery at Sotheby’s New York, topping last April’s then-record tally of US $39.4 million. In this numbers the selling of blue diamond ring by Tiffany – fancy vivid yellow diamond ring and pearl necklace by Cartier. This auction brought estate jewels, natural pearls and precious gems, white and colored diamonds valued more than $1 million.
Two fancy colored diamonds sold for record prices at auction of April 2012. Brett Stettner of Stettner Investment Diamonds purchased a fancy blue diamond ring from Tiffany & Co. for $687,712 per carat, or $2.4 million total, for 3.54-carat, Marquise cut, Fancy Blue Tiffany Diamond ring. It is a world record per-carat price for a fancy blue diamond as per the Sotheby’s statement. Topping the 20.17 ct. fancy blue diamond ring that sold for $490,952 per carat or $9.9 million total, at Sotheby’s New York in October 1994.
Blue Diamond Ring
Cushion – Shaped step – Cut fancy vivid – Yellow diamond ring
Cushion-shaped step-cut fancy vivid yellow diamond ring of 23.02 carat was the second highest-selling lot of this auction, it was sold for 1,874,500 to a private Asian buyer. While the third highest selling lot, a pearl necklace by Cartier, sold for $1,314,500 to an anonymous buyer.
Sotheby’s has a number of impressive jewellery sales lined up including its auction of Magnificent Jewels and Noble Jewels including the personal collection of the historic Beau Sancy Diamond and jewellery designer Suzanne Belperron in Geneva this May, “ it will be an exciting event for jewelry market across the world ”.
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