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Sotheby’s Autumn Fine Jewels Auction Achieves $7.5 Million

October 1, 2023  |  Anthony DeMarco
Sothebys Sapphire and diamond Cartier ring 1280 USED 100123

Sotheby’s scored more than GBP 6 million ($7.5 million) at its latest London jewelry sale, the second-highest total it has ever achieved in the city.

The top lot in last month’s Autumn Fine Jewels auction was one of several examples of the prices garnered for both signed jewels and high-quality colored gems, the company said Thursday. A Cartier Monture 18-karat yellow gold ring centered with a 6.45-carat unheated Kashmir sapphire and 7 to 8 carats of pear- and marquise-shaped diamonds sold for GBP 431,800 ($534,206), smashing its GBP 90,000 ($111,345) high estimate.

Signed vintage jewels, colored gems and fancy-shaped diamonds led the sale of 236 lots, of which 89% sold, 74% above their high estimates. It was the most successful various-owner jewelry sale in the history of its London location and the second-highest overall, after the 2010 The Duchess of Windsor auction, which fetched GBP 7.9 million ($9.8 million).

“While prices soared in the salesroom for pieces from established jewelry houses…there was simultaneously a strong demand for exceptional-quality stones,” said Nikita Binani, head of jewels at Sotheby’s London. “Color took to the eyes of all our collectors worldwide with strong prices achieved in this sale for sapphires, emeralds and pink diamonds.”

Here are the rest of the top 10 jewels:

A Van Cleef & Arpels emerald and diamond necklace set in 18-karat gold and platinum achieved GBP 342,900 ($424,223), well above its GBP 200,000 ($247,432) upper price.
A ring bearing an oval,18.66-carat diamond with K color and SI1 clarity fetched GBP 279,400 ($345,663), more than double its high estimate.
A Van Cleef & Arpels emerald and diamond necklace-pendant-bracelet-brooch combination brought in GBP 228,600 ($278,700), nearly three times its high estimate.
Sotheby’s sold a Lacloche Frères floral petit point diamond bracelet, circa 1915, for GBP 228,600 ($282,815). It demolished its GBP 60,000 ($74,230) high estimate.
An 18-karat gold and platinum Van Cleef & Arpels À Cheval bracelet, paved with an estimated 87 to 93 carats of diamonds of D to F color and VVS clarity, fetched GBP 228,600 ($282,815).
A ring with a marquise-shaped, 8.26-carat, H, VVS2, diamond realized GBP 165,100 ($204,255), besting its high estimate.
A necklace featuring a step-cut, 1.09-carat, fancy-intense-purplish-pink diamond within a floral surround of brilliant-cut diamonds sold for GBP 152,400 ($188,543), smashing its GBP 35,000 ($43,300) high estimate.
A ring centered with a marquise-shaped, 6.70-carat diamond with F color and VS1 clarity garnered GBP 120,650 ($149.264).
A Bulgari ancient coin necklace, bracelet and ring yielded GBP 101,600 ($125,695), nearly 8.5 times the lot’s high estimate.

Main image: The Monture Cartier sapphire and diamond ring. (Sotheby’s)

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Sothebys Sapphire and diamond Cartier ring 1280 USED 100123 Sotheby’s Autumn Fine Jewels Auction Achieves $7.5 Million

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