Bonhams’ Jewelry Auction Nets Nearly $5M

diamond auctionBonhams New York held a fine jewelry auction this past week and achieved a total of $4,585,400. The auction house observed ”energized bidding” during the sale from bidders in the room as well as from those participants online. The top lot of the sale, pictured, was a 14.82-carat, J, VVS1, marquise-cut diamond solitaire ring, with triangular cut shoulders and mounted in white gold that sold for $482,500 against a presale estimate of $250,000 to $300,000. A 20.59-carat cut-cornered rectangular-cut diamond solitaire sold well above estimate for $254,500 and a 4.42-carat cut-cornered rectangular-cut diamond solitaire ring sold for nearly twice its presale high estimate at $116,500.

Susan Abeles, the head of jewelry for Bonhams’ U.S., said, “We were thrilled to see some of our seasoned, experienced collectors return to the auction room after several years, as well as, eager new buyers. The success of this sale is evidence of a rejuvenated desire to buy jewelry.”

Fine gemstones drew the attention of several bidders with one item in particular –a whimsical purple sapphire, amethyst and diamond Cartier brooch designed as a turtle– selling for $68,500 against a presale estimate of only $10,000 to $15,000.

Leave a Reply

Your email address will not be published. Required fields are marked *