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Sotheby’s Fine Jewels Sale Rakes In Nearly $5M

June 3, 2024  |  Leah Meirovich
Sothebys yellow diamond image

A 23.90-carat, fancy-yellow diamond topped the latest fine-jewelry sale at Sotheby’s London, where it smashed its high estimate. 

The unmounted, cushion-shaped, VVS2-clarity stone brought in GBP 228,000 ($289,621), well above its GBP 180,000 ($228,682) upper price tag, according to results the auction house released last week. In total, the Fine Jewels sale, which took place online from May 16 to 30, garnered GBP 3.6 million ($4.5 million).  

A brilliant-cut, 10-carat, I-color, VVS1 diamond on a ring by Hong Kong jeweler Chow Tai Fook also exceeded its expected price. The piece, which had a presale estimate of GBP 160,000 ($203,253), sold for GBP 216,000 ($274,392).  

A third piece that beat expectations was a ring by designer Hennell from circa 1985. Featuring a step-cut, 7.13-carat Colombian emerald surrounded by step-cut and trapezoid diamonds between triangular diamond shoulders, the jewel raked in GBP 192,000 ($243,904) against a GBP 100,000 ($127,033) high estimate. 

A 19th-century diamond tiara from the collection of a titled lady more than doubled its GBP 90,000 ($114,352) upper price to bring in GBP 192,000 ($243,904). Other notable items included a Bulgari ring with a marquise-shaped, 6.87-carat, D, VVS1 diamond, which fell within estimates at GBP 180,000 ($228,682), and a 7.09-carat, fancy-vivid-yellow, VS2 diamond on a ring. The latter, which belonged to a British actress, achieved GBP 168,000 ($213,684), surpassing its GBP 120,000 ($152,631) upper estimate.  

Image: The 23.90-carat yellow diamond. (Sotheby’s)

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