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Diamonds Smash Estimates at Sotheby’s Paris Auction

March 28, 2024  |  Leah Meirovich
Sotheby's main image Hemmerle diamond ring 1280 USED 032824

A 6.79-carat diamond ring by Hemmerle was the top seller at the most recent jewelry sale at Sotheby’s, pushing past its upper estimate to realize EUR 304,800 ($328,890).

The auction house sold the brilliant-cut, D-color, VS2-clarity piece at the March 27 Paris Fine Jewels sale, where it exceeded its EUR 250,000 ($269,760) high price tag, according to the Sotheby’s website. In total, the sale garnered EUR 5.5 million ($5.9 million).

Signed pieces from top design houses, including Cartier, Chaumet, Van Cleef & Arpels, and Boucheron, also performed well, while several diamonds surpassed their top presale estimates.

Here are the rest of the top five items at the sale:

A Cartier bracelet featuring onyx, emeralds and brilliant-cut, yellow-tinted diamonds, designed to look like a tiger, brought in EUR 298,450 ($322,043), just shy of its upper estimate.
This marquise-shaped, 7.62-carat, F-color, VVS2-clarity diamond ring by Cartier went for EUR 215,900 ($232,979), surpassing its EUR 140,000 ($151,082) presale high price.
Sotheby’s sold this necklace, set with rows of step-cut emeralds and step-cut, circular-cut and rose diamonds in a garland design, achieved EUR 177,800 ($191,854), above its EUR 100,000 ($107,904) upper price tag.
A ring containing a cushion-shaped, 5.58 carat Kashmir sapphire, surrounded by two rows of circular- and single-cut diamonds, fetched EUR 146,050 ($157,623), within its estimate.

Main image: The Hemmerle diamond ring. (Sotheby’s)

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Sotheby's main image Hemmerle diamond ring 1280 USED 032824 Diamonds Smash Estimates at Sotheby’s Paris Auction

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