RAPAPORT… A number of diamond pieces scored big at the most recent Christie’s jewelry sale, outshining their presale estimates and driving an auction total of $2.8 million.
The top seller was a ring featuring an old-cut, 25.14-carat diamond, which fetched $424,538 — more than double its $164,092 upper estimate, Christie’s said last week.
A pair of old-cut diamond earrings from 1960 also performed well at the sale, called Jewels & Watches Online: La Dolce Vita, which ran from March 1 to 10. The set, which contains two diamonds weighing 12.22 and 12.11 carats, brought in $339,630, more than triple its high estimate.
Meanwhile, a ring set with a circular-cut, 4.30-carat diamond shot ahead of its $28,078 high estimate to sell for $67,926, and a diamond and sapphire ring garnered $56,606, outstripping its upper price.
In total, Christie’s sold 93% of items on offer at the auction, it noted.
Image: The 25.14-carat diamond ring. (Christie’s)
Diamonds Eclipse Estimates at Christie’s
The Bottom Line
- A 25.14-carat old-cut diamond ring sold for $424,538, more than double its $164,092 high estimate.
- A pair of old-cut diamond earrings from 1960, weighing 12.22 and 12.11 carats, fetched $339,630, over three times their top estimate.
- Christie’s sold 93% of items at the Jewels & Watches Online: La Dolce Vita auction, with multiple diamonds outperforming expectations.
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