World Auction Records Set By Sotheby's Geneva

History is Made in Geneva 

SOTHEBY'S ACHIEVES HIGHEST JEWELRY SALE TOTAL IN HISTORY 

The Magnificent Jewels Sale Totals 

$199,512,930 (CHF 183,054,500) 

The Pink Star renamed 'THE PINK DREAM' 

sets A WORLD AUCTION RECORD FOR A DIAMOND OR JEWEL 

AT $83,187,381 (CHF 76,325,000) 

The 59.60-carat Internally Flawless Fancy Vivid, Pink Diamond 

was bought by famous New York-based diamond cutter Isaac Wolf 

who renamed it "The Pink Dream" after the sale 

Among Other Auction Records Set Today: 

World Auction Record for a Jewel by Van Cleef & Arpels, 

A Pair of Colourless Diamonds, 

Sapphire Jewels, a Burmese and a Kashmir Sapphire 

& A Record Price Per Carat for a Sapphire 

David Bennett, Chairman of Sotheby's Jewellery Division in Europe and the Middle East and
Chairman of Sotheby's Switzerland auctioneering the record-breaking Pink Star

This week, Sotheby's Geneva made history when it sold The Pink Star - a 59.60-carat oval cut pink diamond - for $83,187,381 (CHF 76,325,000), a world auction record for a diamond and any gemstone or jewel. This land mark price eclipsed the previous record at $46.2 million established three years ago by Sotheby's Geneva for the magnificent 'Graff Pink' - the 24.78 carat fancy intense pink diamond. 

Today's historic sale of Magnificent Jewels achieved $199,512,930 (CHF 183,054,500), the highest jewellery sale total in history (est. $121,635,591-165,432,534/ CHF 111,601,500- 151,785,500). 

Commenting on tonight's results, David Bennett, Chairman of Sotheby's Jewellery Division in Europe and the Middle East and Chairman of Sotheby's Switzerland, said: "The Pink Star is a true masterpiece of nature. Its immense importance was reflected tonight in the strength of the bidding and we are thrilled that the record price it achieved earned it a place in history. Today's record sale is a further testimony to the strength and depth of the diamond and jewellery market. " 
Four bidders competed for the Pink Star which is the largest internally flawless fancy vivid pink diamond that the Gemological Institute of America (GIA) has ever graded. The diamond was bought after nearly five minutes by by the famous diamond cutter Isaac Wolf who has renamed it 'The Pink Dream' after the sale. The diamond - lot 372 in the sale - received the highest colour and clarity grades from the GIA for pink diamonds, it has also been found to be part of the rare subgroup comprising less than 2 % of all gem diamonds - known as Type IIa: stones in this group are chemically the purest of all diamond crystals and often have extraordinary optical transparency. Mined by De Beers in Africa in 1999, the 132.5 carat rough diamond was painstakingly cut and polished over a period of two years and transformed into this stunning gemstone. This was the first time the diamond was presented at auction, with an estimate of $60 million. The landmark price achieved established a world auction record for a diamond (including for a pink diamond and any coloured diamond) and for any jewel.

The "Walska Briolette Diamond" Brooch 

Among the iconic jewels with important provenance presented was The "Walska Briolette Diamond" Brooch. Created by Van Cleef & Arpels in 1971, this masterpiece of design showcases the historic "Walska Briolette Diamond'', a fancy vivid yellow diamond weighing 96.62 carats. On this night it achieved $10,555,778 - an auction record for a jewel by Van Cleef & Arpels (lot 373, est. in excess of $8 million), Once in the collection of opera singer and jewellery connoisseur, Ganna Walska (1887-1984), the briolette was subsequently mounted as a brooch and most recently exhibited at Van Cleef and Arpels retrospectives both at the Cooper Hewitt, National Design Museum in New York, in 2011, and at the Palais Royal, Musee des Arts Decoratifs in Paris, in 2012-13. 

Important Diamonds Also included in this rich offering of white diamonds of D colour - the finest colour grading for white diamonds. Among them was a pair of magnificent earrings set with brilliant-cut diamonds weighing 23.77 and 23.78 carats respectively, which surpassed the pre-sale high estimate to sell for $9,213,009 - a record for a pair of colourless diamonds. Both diamonds were cut from the same 161 carat rough and form a perfectly matched pair (lot 354, est. CHF 6,600,000-7 ,500,000/ $7,250,000- 8,250,000).
Blue diamonds featured strongly. A magnificent rectangular mixed-cut fancy vivid blue diamond weighing 5.04 carats and mounted as a ring rose above estimate and achieved $6,649,541 (lot 349, est. CH F 5,100,000-5,700,000/ $5,600,000-6,300,000), while a 5.51 carat pear­ shaped fancy intense blue diamond ring realized $5,428,842 (lot 330, est. CHF 4,220,000-5 ,000,000/ $4,650,000-5 ,450,000).
A further highlight of this section was an outstanding 20.80 carat marquise-shaped fancy vivid yellow diamond of exceptional hue, mounted as a ring which achieved $5,184,702, again well above its pre-sale high estimate (l ot 357, est. CH F 1,600 000- 2,500,000/ $1,750,000-2,750,000). 

Impressive Gemstones 

A group of impressive gemstones, led by a magnificent Burmese "Royal Blue" sapphire weighing 114.74 carats which almost quadrupled its pre-sale low estimate and sold for $7,137,821 - a world auction record for a Burmese sapphire (lot 355, est. CH F 1,650,000- 2,600,000/ $1,800,000-2,800,000). According to the SSE F, "a natural sapphire from Burma of this size and quality is very rare and exceptional and thus can be considered a true treasure of nature ".
Another fine example of Kashmir sapphire was found in a cushion-shaped sapphire weighing 21.42 carats, mounted as a ring and coming from the Estate of a European Royal Princess. The gemstone achieved$3,231,583), again four times its pre-sale estimate (lot 332, est. CHF 680,000- 910,000/ $750,000-1,000,000) . 
Burmese sapphires were also sought after, with a pair of very fine sapphire and diamond ear clips, each set with a Burmese sugarloaf cabochon weighing 32.47 and 36.80 carats respectively surpassed the pre-sale estimate and sold for $816,343 (lot 322, est. CHF 455,000-725,000/ $500,000-800 ,000). 

A cushion-shaped cabochon ruby weighing 31.30 carats and mounted as a ring by Cartier generated alot of attention. It almost tripled the pre-sale low estimate, selling for $1,077,921 (lot 314, est. 365,000-545,000/ $400,000-600,000)

Natural pearls - the rising stars of all gemstones - achieved strong prices. An extremely fine and highly important natural pearl necklace realized $5,672,982, almost four times its pre-sale estimate (lot 356, est. CH F 1,320,000-2,250,000/ $1,450,000- 2,450,000) . It was designed as a graduated row of fifty-two pearls measuring from approximately 7.95 to 12.50mm with a length of approximately 525 mm. 

Jewels with Important Provenance 

Continuing Sotheby's long tradition of offering jewels with noble and important provenance, the sale presented jewels from th e Collection of Odile de Richelieu (1879-1974), Countess Gabriel de La Rochefoucauld , Princess de La Rochefoucauld, daughter of the Duke of Richelieu and descendant to the family of the Cardinal de Richelieu, Louis XIII's chief minister and eminence grise. Sold in aid of a charitable foundation , the collection included The Richelieu Sapphires, a pair of rare and magnificent Kashmir sapphires weighing a total of 47 carats, mounted with diamonds as earrings which generated a lot of enthusiasm and sold for $8,358,520 - an auction record for sapphire jewels, a Kashmir sapphire and a record price per carat for a sapphire (lot 371, est. CHF 2,300,000-4,200,000/ $2,500,000- 4,500,000, photo below).

The sale was further distinguished with jewels from the Estate of the late Gunter Sachs (1932-2011), including a gem-set and diamond parure "Tutti Frutti" by Cartier which achieved $607,080 (lot 337, est. CH F 230,000-365,000/ $250,000- 400,000). A superb Art Deco bracelet from the 1930s, centering on a marquise-shaped diamond weighing 9.38 carats, which can also be worn as a choker realized $1,051,763, four times its pre-sale low estimate (lot 338, est. CHF 230,000-365,000/ $250,000-400,000).

The auction also featured a magnificent jewel that once belonged to Lily Pons (1898-1976), the celebrated international opera singer. Th is emerald and diamond necklace made by Van Cleef & Arpels circa 1948 almost doubled the pre-sale expectation and sold for $450,133 (lot 336, est. CH F 230,000- 320,000/ $250,000-350,000).

Sotheby’s has been uniting collectors with world‐class works of art since 1744. Sotheby’s became the first international auction house when it expanded from London to New York (1955), the first to conduct sales in Hong Kong (1973) and France (2001), and the first international fine art auction house in China (2012). Today, Sotheby’s presents auctions in 8 different salesrooms, including New York, London, Hong Kong, Paris, and Geneva and Sotheby’s BidNow program allows visitors to view all auctions live online and place bids in real‐time from anywhere in the world. Sotheby’s offers collectors the resources of Sotheby’s Financial Services, the world’s only full‐service art financing company, as well as private sale opportunities in more than 70 categories, including S|2, gallery arm of Sotheby's Contemporary Art department, as well as Sotheby’s Diamonds and Sotheby’s Wine.
Sotheby’s has a global network of 90 offices in 40 countries and is the oldest company listed on the New York Stock Exchange (BID).

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Sotheby's Geneva Celebrates a Record Breaking Two Days, Filled With Jewels!

SOTHEBY’S GENEVA BRINGS $108,377,219

A WORLD RECORD FOR A VARIOUS OWNER JEWELLERY SALE

MAGNIFICENT JEWELS AND NOBLE JEWELS SALE

The Private Collection of Suzanne Belperron

Totals $3,459,307 - More Than Tripling the Pre‐Sale Expectation

THE BEAU SANCY

One of the Most Important Royal Diamonds

Ever to Come to Auction Sells For CHF 9,042,500 / $9,699,618

Sotheby’s Geneva, 15 May 2012 – Tonight Sotheby’s Auction House set a new world record of $108,377,219 for a various owner jewellery sale, with the conclusion of its two‐day Magnificent Jewels and Noble Jewels Sale, surpassing the record set by Sotheby’s Geneva in November 2010 of $105 million.

Over the two days 24 lots sold for over $1 million. The Beau Sancy, one of the most important royal diamonds to ever come to auction, sold for CHF 9,042,500 ($9,699,618). The result achieved by the celebrated jewel brought the total for the May Jewellery auctions to an outstanding total of CHF 104,298,625 ($111,836,526), almost doubling the pre‐sale low estimate of CHF 54 ‐85 million*.

Speaking after the sale, David Bennett, Chairman of Sotheby’s Jewellery Department in Europe and the Middle East and Co‐Chairman of Sotheby’s Switzerland commented: “The legendary Beau Sancy is a truly magical stone that has entranced generations of royal owners and continues to exert a powerful influence over all who see it. Its supreme historical importance was reflected tonight in the strength of the bidding and the remarkable result realized. The two days of sales of jewellery at Sotheby’s this week achieved a record total with 94% of lots finding buyers and doubling the pre‐sale estimate: proof that privately sourced jewels, many with noble provenance are highly sought after.”

The Beau Sancy
No less than five bidders competed for The Beau Sancy (lot 595), driving the price to an outstanding CHF 9,042,500 / $9,699,618 almost five times the pre‐sale low estimate of CHF 1,850,000‐3,650,000 ($2‐4 million).

After a battle of nearly eight minutes, the celebrated jewel was finally bought by an anonymous buyer bidding over the telephone.

The Beau Sancy has been the privileged witness of 400 years of European history. Passed down through the Royal Families of France, England, Prussia, and the House of Orange, the celebrated stone was worn by Marie de Medici in 1610 at her coronation as Queen Consort of Henri IV. The 34.98 carat modified pear double rose cut diamond would have come from the area of Golconda in India, the sole source of diamonds until the discoveries in Brazil in the 1720s.

Noble Jewels
Continuing Sotheby’s distinguished history of offering jewels with aristocratic provenance, Sotheby’s Geneva sixth annual sale of Noble Jewels brought a combined total of CHF 23,196,025 ($24,881,680), tripling the presale low estimate of CHF 7,022,500‐11,705,000 ($7.532.825‐12,555,602).

In addition to the Beau Sancy, the Noble Jewels section was highlighted by The Murat Tiara (lot 594) which realized CHF 3,610,500 (3,872,875), in an eleven minute bidding battle between three telephone bidders, more than double its pre‐sale low estimate of CHF 1,375,000‐2,285,000 ($1,500,000‐2,500,000). This impressive pearl and diamond jewel was created in 1920 by Joseph Chaumet for the marriage of Prince Alexandre Murat (1889 – 1926) to Yvonne Gillois (1894 – 1961). The diadem boasts one of the largest natural pearls ever recorded, at 303.37 grains. As stated by the SSEF laboratory, “the main pearl in the center is outstanding in its size and one of the most important pearls certified so far at the SSEF” and “natural pearls of this size, quality and with a documented historic provenance are very rare and thus the described tiara with three large pearls represents a very exceptional treasure”.

Among the other gems of great historical significance which belonged to prestigious European families was a diamond brooch set with a 7.33 carat Fancy deep yellow diamond coming from the collection of Prince Filippo Corsini (lot 589) which fetched CHF 902,500 ($968,085), (est. CHF 275,000‐460,000/ $300,000‐500,000).  The central diamond was offered to the Corsini family by Charles Edward Stuart (1720 – 1788), commonly known as "Bonnie Prince Charlie" in the 1770s, most certainly in gratitude for their support during his years of exile.

From the Estate of the late Prince Kinsky, an Important natural pearl and diamond necklace made circa 1880 (lot 593) achieved CHF 1,142,500 ($1,225,525), quadrupling its pre‐sale low estimate of CHF 275,000–460,000 / $300,000–500,000).


Enjoying a similarly illustrious provenance a selection of jewels coming from the collection of a member of the Princely Family of Thurn und Taxis was highlighted by a very fine emerald and diamond demi‐parure (lot 592), composed of a necklace and a pair of earrings, which was purchased by Albert, 8th Prince of Thurn und Taxis around 1890. Estimated at CHF 200,000‐300,000/ $220,000‐330,000, these superb jewels were sold for CHF 962,500 ($1,032,445).  A fine sapphire and diamond brooch/pendant circa 1910 (Lot 588) which belonged to the Italian Countess Adriana Guillichini della Gherardesca was sold for CHF 386,500 ($414,587) (est. CHF 185,000‐370,000/$200,000‐400'000.

Magnificent Jewels
The Magnificent Jewels section was led by two necklaces from a royal collection. The first, a necklace suspending a detachable pear‐shaped D colour diamond weighing 41.40 carats (lot 734) achieved CHF 4,050,000 ($4,344,314) against an estimate of CHF 2,750,000‐4,550,000 ($3,000,000‐5,000,000). The necklace was purchased by Amer Radwan who has named it “Dubai Vision”.

The second, a magnificent emerald and diamond necklace designed by Bulgari circa 1970 (lot 733) sold for CHF 2,200,000 ($2,359,874) against an estimate of CHF 1,400,000‐2,800,000 ($1,500,000‐3,000,000).

The sale comprised a group of white diamonds which were D Colour ‐ the finest colour grading for white diamonds. An exceptional diamond ring by Harry Winston set with a 36.43 carat internally flawless diamond (lot 721) realised CHF 3,834,500 ($4,113,153) (est. CHF 3,200,000‐5,000,000 / $3,550,000‐5,500,000). This stone had been found to be part of the rare Type IIa subgroup comprising less than 2% of all gem diamonds. Diamonds of this group are chemically the purest of all diamond crystals and often have extraordinary optical
transparency.

The offering of coloured diamonds included an important ring centering on a fancy intense purple‐pink brilliant‐cut diamond weighing 3.71 carats, between shoulders set with marquise‐shaped rubies (lot 731) which fetched CHF 5,122,500 ($5,494,752 USD) against an estimate of CHF 1,850,000‐3,650,000/ $ 2,000,000‐ 4,000,000).

A Superb Private Collection of Gems and Jewels
At the core of the sale was also a superb private collection of gems and jewels which brought a combined total of CHF 17,648,325 ($18,889,002) almost doubling the pre‐sale low estimate of CHF 9,059,000‐14,288,500 ($9,695,848‐15,292,982). Comprising over 80 pieces, this exceptional collection has been assembled by two generations of a family, from the mid‐1960s until present day.

Reflecting the passion for gemstones that animated the family for 50 years was a pair of impressive Kashmir sapphire clips (lot 674) which sold for CHF 1,482,500 ($1,586,720) (est. CHF 825,000‐1,370,000/ $900,000‐1,500,000), a ring set with a cabochon Burmese sapphire weighing 58.56 carats (lot 666) which made CHF 1,314,500 ($1,406,909) (est. CHF 730,000‐1,275,000/ $800,000‐1,400,000) and a very rare and highly important multi‐coloured sapphire and diamond suite (lot 663) which surpassed its estimate of CHF 50,000‐910,000 and sold for CHF 1,482,500 ($1,586,720).

“White Glove” Sale for the Personal Collection of Suzanne Belperron
On May 14th all 60 Jewels from the Personal Collection of Suzanne Belperron (1900‐1983), one of the most important jewellers of the 20th Century, sold for the outstanding total of CHF 3,224,950 ($3,459,307), more than tripling the pre‐sale expectation of CHF 902,000‐1,365,000. The sale – the most significant collection of jewels by Suzanne Belperron ever presented at auction ‐ was a “white glove sale”, with 100% sold by lot and value. Demand for seminal pieces from Belperron’s oeuvre was intense with international bidding driving prices
well above estimates.

SOTHEBY’S GENEVA TO AUCTION THE BEAU SANCY

SOTHEBY’S GENEVA TO AUCTION OVER 700 JEWELS

INCLUDING THE BEAU SANCY

A DIAMOND OF SUPREME HISTORICAL IMPORTANCE

JEWELS WITH ILLUSTRIOUS ARISTOCRATIC PROVENANCE

and IMPORTANT PRIVATE COLLECTIONS

On 14 and 15 May 2012, Sotheby’s Geneva will present over 700 lots in its sale of Magnificent Jewels and Noble Jewels. The two‐day sale will be spearheaded by one of the most important historic diamonds ever to come to auction: The Beau Sancy.

Commenting on the forthcoming sale, David Bennett, Chairman of Sotheby’s Jewellery Department in Europe and the Middle East and Co‐Chairman of Sotheby’s Switzerland said: “With fascinating Noble Jewels led by the legendary Beau Sancy diamond, several important private collections including the personal jewels of Suzanne Belperron, and many exceptional gemstones and period creations, the May auction should be a delight for all lovers of fine Jewellery”.


The Beau Sancy
At the heart of the sale will be The Beau Sancy, a diamond which has been the privileged witness of 400 years of European history. Passed down through the Royal Families of France, England, Prussia, and the House of Orange, the celebrated stone was worn by Marie de Medici in 1610 at her coronation as Queen Consort of Henri IV. The 34.98 carat modified pear double rose cut diamond was almost certainly discovered in the area of Golconda in India, the sole source of diamonds until the discoveries in Brazil in the 1720s (est. CHF 1,850,000‐3,650,000/ $2‐4 million, illustration above).



Noble Jewels
Continuing Sotheby’s long tradition of offering jewels with aristocratic provenance, Sotheby’s 

Geneva 6th annual sale of Noble Jewels will bring together gems of great historical significance having belonged to prestigious European families. 


Following the record for a tiara established by Sotheby’s Geneva last May1, the forthcoming auction will include The Murat Tiara, an impressive pearl and diamond jewel created in 1920 by Joseph Chaumet for the marriage of Prince Alexandre Murat (1889 – 1926) to Yvonne Gillois (1894 – 1961) (est. CHF 1,375,000 ‐ 2,285,000/ $1,500,000 – 2,500,000, illustrated left).






Prince Alexandre Murat, through his ancestry with Joachim Murat (1767 – 1815) who married Caroline Bonaparte, Napoleon’s sister, was associated with one of the most glorious periods of French history. The heroic cavalry charges of Joachim Murat, an inn‐keeper’s son from Gascony, contributed to the victories of Iéna, Eylau and Austerlitz and from 1808‐1814 he and Caroline were popular rulers of the Kingdom of Naples and Sicily. The diadem boasts one of the largest natural pearls ever recorded, at 303.37 grains. As stated by the SSEF laboratory, “the main pearl in the center is outstanding in its size and one of the most important pearls certified so far at the SSEF” and “natural pearls of this size, quality and with a documented historic provenance are very rare and thus the described tiara with three large pearls represents a very exceptional treasure”.





In addition to the Beau Sancy, the sale will feature several jewels with royal provenance. Among them is a necklace suspending a detachable pear‐shaped D colour diamond weighing 41.40 carats and coming from the collection of a member of a royal family (est. CHF 2,750,000‐4,550,000 / $3,000,000‐5,000,000, illustrated left).





Another piece of historical importance is to be found in a diamond brooch set with a 7.33 carat Fancy deep yellow diamond coming from the collection of Prince Filippo Corsini, a descendant of the illustrious Florentine family whose history dates back to the 12th century and whose lineage includes many popes (est. CHF 280,000‐480,000/$300,000‐500,000, illustrated below).



The central diamond was offered to the Corsini family by Charles Edward Stuart (1720 – 1788) in the 1770s, most certainly in gratitude for their support during his years of exile. Most commonly known as "Bonnie Prince Charlie", Charles Edward Stuart was the second Jacobite pretender to the thrones of Great Britain and Ireland. His attempt to make the Stuarts regain the crown ended with the Battle of Culloden in 1745 which precipitated his exile to France and Italy. It is possible that the diamond was inherited by Prince Charles from his mother Marie‐Clementina Sobieski, Granddaughter of King John III of Poland and, therefore, was originally part of the Sobieski Jewellery Collection.

Thirteen jewels from the Estate of the late Prince Kinsky will also be presented, shedding light on the history of one of most illustrious and oldest dynasties originating from Bohemia. Tracing its roots back to the thirteen century, the House of Kinsky was part of the most powerful and influential families in the region in the 18th and 19th centuries. Its members served in high diplomatic or military positions of the Habsburg Monarchy and subsequently the Austrian Empire. An Important natural pearl and diamond necklace made circa 1880 evokes the splendour and lavish style of the imperial court (est. CHF 275,000–460,000 / $300,000–500,000, illustrated).



Enjoying a similarly illustrious provenance is a selection of jewels coming from the collection of a member of the Princely Family of Thurn und Taxis.  Among them is a very fine emerald and diamond demi‐parure, composed of a necklace and a pair of earrings, which was purchased by  
Albert, 8th Prince of Thurn und Taxis around 1890, most certainly as a wedding present for Austrian Archduchess Margarete whom he married on 15 July in that year (est. CHF 200,000 ‐ 300,000/ $220,000 – 330,000).
Another highlight from this group is an attractive sapphire and diamond bandeau dating rom early 1930, accompanied by a fitted case which was painted by Princess Margarete of Thurn und Taxis (est. CHF 75,000‐130,000/ $80,000‐ 140,000, illustrated above left).




Typical of the early twentieth century is a fine sapphire and diamond brooch/pendant dating from circa 1910 which belonged to the Italian Countess Adriana Guillichini della Gherardesca (est. CHF 185,000‐370,000/$200,000‐400,000, illustrated below).

JEWELLERY SALES

Sotheby’s Geneva, Hôtel Beau‐Rivage

13 Quai du Mont‐Blanc, 1205 Geneva

14 & 15 May 2012

Jewels from the personal Collection of Suzanne Belperron

Monday 14 May, 10am (lots 1‐60)

Magnificent Jewels & Noble Jewels

Monday 14 May

11am: Session 1 (lots 61‐186)

2pm: Session 2 (lots 187‐337)

5pm: Session 3 (lots 338‐479)

Tuesday 15 May

5pm: Noble Jewels (lots 480‐595)

7pm: A Superb Private Collection of Gems & Jewels (lots 596‐674)

Magnificent Jewels (lots 675‐734)

EXHIBITION

Hôtel Beau‐Rivage, Geneva

11‐13 May, 10am‐6pm

Monday 14 May, 10am‐7pm (selection of lots)

Tuesday 15 May, 10am‐5pm (selection of lots)

...more from this important sale, closer to the sale date!

New World Record Prices at Christie's Geneva

CHRISTIE’S GENEVA 


SETS NEW WORLD RECORD PRICES

FOR A HEART-SHAPED DIAMOND

FOR ANY SAPPHIRE

FOR ANY INDIAN JEWEL

SOLD AT AUCTION

Christie's sale of magnificent jewels in Geneva achieved a total of more than $78M, the highest result for any jewellery auction ever held by the auction house in Switzerland. The top lot was a 56 ct heart-shaped diamond, which sold for more than $10M becoming the most expensive heart-shaped diamond ever sold at auction.


François Curiel, President of Christie's Switzerland :

 “The jewellery sale in Geneva was marked by strong bidding with moments of passionate enthusiasm, exemplified by an antique Imperial Mughal spinel necklace realising more than $5M. While the ‘blue chip’ diamonds and coloured diamonds were in great demand, a 130 ct Burmese sapphire stole the show at $7.1M. Forty-two years after our first sale in Switzerland, Geneva remains a vital, specialised auction centre in today’s global market.”

The TOP LOT of the sale was a 

heart-shaped D colour, internally flawless, type IIa diamond 

of 56.15 cts which sold for US$ 10,946,422, 

becoming a world auction record for any heart-shaped diamond.

Previous record for a heart-shaped diamond:
Heart of the Desert Diamond
A heart-shaped D, internally flawless, diamond of 64.42 cts
Sold on 16 November 1994 at Sotheby’s Geneva for US$ 5,248,846

A cushion-cut Burmese sapphire of 130.50 cts sold for US$7,122,742, achieving a new world record price for a sapphire at auction (illustrated right).


Previous record for a sapphire:
A cushion-cut Kashmir sapphire ring 
of 42.48 cts
Sold on 28 November 2008 at Christie's Geneva for US$ 3,475,210

An Imperial Mughal spinel necklace sold for US$ 5,210,902 setting a world record price for any Indian jewel at auction (illustrated left).


Previous record for an Indian jewel:
A Mughal ruby, emerald and jade covered flask
North India, first half of 17th Century
The Clive of India Treasure
Sold on 27 April 2004 at Christie’s London for US$ 5,210,209

About Christie’s
Christie’s, the world's leading art business had global auction and private sales in 2010 that totaled £3.3 billion/$5.0 billion.  Christie’s is a name and place that speaks of extraordinary art, unparalleled service and expertise, as well as international glamour. Founded in 1766 by James Christie, Christie's conducted the greatest auctions of the 18th, 19th and 20th centuries, and today remains a popular showcase for the unique and the beautiful. Christie’s offers over 450 sales annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $100 million. Christie’s has 53 offices in 32 countries and 10 sale rooms around the world including in London, New York, Paris, Geneva, Milan, Amsterdam, Zurich, Dubai and Hong Kong. More recently, Christie’s has led the market with expanded initiatives in emerging and new markets such as Russia, China, India and the United Arab Emirates, with successful sales and exhibitions in Beijing, Mumbai and Dubai.

*Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium and do not reflect costs, financing fees or application of buyer’s or seller’s credits.


Photo Credit:  Denis Hayoun - Diode SA

Sotheby's Shatters Records For Magnificent & Noble Jewels in Geneva

SOTHEBY’S 17 MAY 2011 GENEVA SALE OF 

MAGNIFICENT & NOBLE JEWELS 

SETS A WORLD AUCTION RECORD FOR A TIARA

A Magnificent and Extremely Rare Emerald and Diamond Tiara

formerly in the Collection of Princess Katharina Henckel von Donnersmarck Achieves

$12,736,927 (Est. $5-10 million) 

...also Represents a World Auction Record for a Piece of Emerald Jewelery

A Superb Pink Diamond Sells To International Jewellers Leviev

For $10,840,358

The Third Highest Price for a Pink Diamond at Auction

The Ninth Highest Price for a Diamond at Auction

Auction Sale Totals  $89,121,687

Third Highest Total For A Sale of Jewellery At Auction

Last night, Sotheby’s Geneva sold the most important emerald and diamond tiara to have appeared at auction in over 30 years for $12,736,927, the highest price ever achieved for a tiara at auction. Six bidders competed for the magnificent and extremely rare emerald and diamond tiara, circa 1900, which was formerly in the Collection of Princess Katharina Henckel von Donnersmarck (est. $5-10 million [lot 443]); the price it fetched also represented an auction record for a piece of emerald jewelery. The total for the entire sale of Magnificent and Noble Jewels was $89,121,687 (est. $ 47.3 – 77.9 million).

Commenting on this evening’s sale, David Bennett, Chairman of Sotheby’s Jewellery Department for Europe and the Middle East, said: “Sotheby’s was honoured to be able to offer perhaps the grandest piece of jewellery to come to sale in over 30 years and the market responded with enthusiasm. This evening’s results, across the board -- in Noble Jewels, diamonds, coloured gemstones, and pieces signed by the world’s greatest jewelers – show the extraordinary appetite among connoisseurs for rarity, quality and provenance.”

International jewellers Leviev outbid four underbidders to purchase a superb fancy intense pink diamond, weighing 10.99 carats, for $10,840,358, the third highest price for a pink diamond (the ninth highest price for a diamond at auction). Pink diamonds have been prized for their rarity and spectacular beauty ever since they were first discovered in the mines of India centuries ago. This superb stone, mounted as a ring, has been graded “fancy intense pink”, natural colour and VS1 clarity by the Gemological Institute of America (GIA). It has been further assessed to be part of a very rare subgroup of diamonds known as type IIa and comprising less than 2% of all of the world’s gem diamonds. Estimated at $9-16 million this stone was offered for sale from a private collection and has not appeared on the market for more than 30 years.

NOBLE JEWELS

Among other highlights of the Noble Jewels section were jewels from the Collection of the Excelentísima Sra. Condesa vda. de Romanones, a Grande de España who was recruited to become an OSS agent in Madrid during World War II before marrying Don Luis de Figueroa y Perez de Guzmán el Bueno, Count of Quintanilla in 1947. From the Countess of Romanones collection was an emerald and diamond demi-parure from the 1960s, which was competed for by six bidders and sold for $409,230 (lot 407, est. $103,000-147,000), a ruby and diamond necklace/brooch combination from the 1970s, which sold for $192,479 (lot 409, est. $81,500-147,000) and a pair of ruby and diamond pendent earrings, 1950s, which sold for $19,756 (lot 410, est.
$15,000-20,000).



Testament to the Countess’ close relationship to the Duke and the Duchess of Windsor was an important “Cadenas” diamond bracelet/watch, gifted to the Countess by the Duchess herself. Dating circa 1936, this exquisite piece signed Van Cleef & Arpels, which sold for five times the high estimate to fetch $409,230 (lot 411, est. $49,900-68,500).

White Diamonds

Among a group of exceptional white diamonds which are D colour were signed pieces, including an attractive
diamond ring by GRAFF, set with a cushion-shaped brilliant-cut internally flawless diamond weighing 16.53 carats, which sold for $2,874,769 (lot 490, est. $1,500,000-2,500,000) and a diamond ring by M. Gerard, featuring a marquise-shaped diamond weighing 15.76 carats, which was competed for by five bidders and sold for $1,483,952 (lot 471, est. $900,000-1,600,000).

Coloured Gemstones

The offering of coloured stones was led by an exceptionally large assortment of Kashmir sapphires, the finest sapphires in the world, including a sapphire and diamond ring, set with an octagonal step-cut sapphire weighing 8.74 carats and dating from circa 1930, which sold for $463,418 (lot 464, est. $250,000-340,000); an attractive sapphire and diamond brooch designed as stylised floral spray, competed for by five bidders and sold for more than three times the estimate to bring $1,610,390 (lot 488, est. $200,000-400,000), and a pair of sapphire and diamond pendent ear clips, suspending a cushion-sapphire weighing 7.30 and 7.07 carats respectively, which sold for $1,222,045 (lot 489, $200,000-400,000.

Completing this selection of coloured gemstones were two impressive Burmese rubies: The first - a spectacular 30.20 carat cushion-shaped ruby, mounted as a ring - sold for $4,265,586 (lot 484, est. $2,000,000–4,000,000); the second – a 29.40 carat oval ruby mounted as a ring by Cartier - sold for $1,483,952 (lot 469, est. $1,000,000-2,000,000).

A superb emerald and diamond ring, set with an octagonal step-cut Colombian emerald weighing 12.03
carats, which has been described by the SSEF laboratory as “a very exceptional treasure”, sold for $625,981 (lot 468, est. $500,000-800,000).

Fine period and signed jewels...

Among the period jewels was a masterpiece of Art Deco jewellery, a fine diamond bracelet created by Boucheron circa 1925, which sold for $625,981 (lot 485, est. $120,000-180,000). Among the other great signatures in the sale was a stunning pair of gem-set and diamond ear clips by JAR, which sold for $382,136 (lot 447, est. $100,000-200,000).