Sale of Important Jewels at Sotheby's

October 4, 2005

Sale of Important Jewels at Sotheby's

Sotheby's Important Jewels Sale, held Sept. 29 in New York City, notched a sale total of $5.3 million, says the auction house. Sales exceeded estimates, and observers say this is an encouraging sign in consumer and collector interest as the season heads towards Christmas.

"We are pleased with the results of our Important Jewels Sale," says Lisa Hubbard, executive director of Sotheby's jewelry department. "Top-quality diamonds dominated the top selling lots with strong prices realized across the board."

Noteworthy sales included:
• A ring with a 5.58-ct. round D flawless diamond. The estimate was $325,000-375,000 and it sold at hammer price (including buyer's premium) for $385,600.
• A fancy yellow European cut diamond and emerald ring of 3.41 carats Estimate: $65,000-75,000; sold: $162,000.
• A 5.28-ct. square emerald cut diamond, D, VS2. Estimate: $60,000-80,000; sold: $108,000.
• Citrine and diamond necklace and earrings. Estimate: $20,000-30,000; sold: $39,000.
Period jewelry, especially items signed by known designers or stamped by important jewelers, also sold at a premium.

Robert Weldon, G.G.

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