Sotheby’s New York June 16, 2022, Magniifiicent Jewels Sale Realises USD 52 million Total Sales, the Star Lot Juno Diamond Selling for USD 13 million

Sotheby’s New York announceed on June 17, 2022 that the Live Magnificent Jewels Auction held on June 16, 2022, was successfully concluded, realising total sales of US$52 millon, with 115 of the 142 Lots or 80% of the Lots on offer being sold.

Top Lot of the Sale Lot 487 – The Juno Diamond
Top Lot of the Sale Lot 487 – The Juno Diamond

Top Lot of the Sale as prediicted was Lot 487 – The Juno Diamond, a pear-shaped brilliant-cut, D-Color, Internally Flawless Clarity diamond weighing 101.41 carats, with an estimate of over US$10 million, realising a price of USD12,963,500 or approxiimately US$13 million, working out to US$ 128,192 per carat, which places the stone among the highest prices ever achieved for a D colour, flawless or internally flawless diamond over 100 carats at auction.

The Juno Diiamond was purchased over the phone by an anonymous private collector from Asia who, shortly after the sale, renamed the jewel the “Claire G Diamond,” as a dedication to his wife.

Commenting on the sale of this exceptional pear-shaped diiamond weighing over 100 carats, Quig Bruning, Head of Jewels, Sotheby’s Americas, said: “We are thrilled to see this exceptional diamond achieve such a strong result – confirmation that there’s ongoing demand from collectors at the highest levels of the market. This diamond captivated clients around the world through our extensive travels this spring, but it was a particular privilege to offer it at our global headquarters, where it now ranks among the top five jewels sold in Sotheby’s New York salesroom. Including today’s result, only five perfect pear-shaped diamonds weighing over 100 carats have sold at auction, of which Sotheby’s has sold four.”

Lot 460 , a fancy intense pink Diamond
Lot 460 , a fancy intense pink Diamond

Among other lots that did very well at the auction are two lots from the estate of noted architect and author George C. Thomas Jr. bearing Lot Nos. 460 and 459, both old miine-cut colored diiamonds. Lot 460 is a fancy intense pink, natural color, VS2 clarity, old miine-cut diamond weighing 4.08 carats, which sold for more than double the upper estimate of USD 1.8 million for USD 3.8 millon.

Lot 459 is a rare fancy grey-violet Diamond
Lot 459 is a rare fancy grey-violet Diamond

Lot 459 is a rare fancy grey-violet, natural color, SI-1 clarity, old mine-cut diamond weighing 3.46 carats, which also sold for more than double the upper estimate of USD 700,000 for USD 1,986,000.

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Lot 442 – A Magniificent Diamond Ring – by Kwiat
Lot 442 – A Magniificent Diamond Ring – by Kwiat

Lot 442 – A Magniificent Diamond Ring – by Kwiat, is another lot that did quite well at the auction.The ring set with an emerald-cut, 26.06-carat, D-color, VVS1-clarity diamond, sold withiin the estimate of USD 2.0 – 3.0 million for USD 2,349,000.

Lot 507 – An Exceptional Paraiba Tourmaline and Diamond Pendant Necklace

Lot 507 – An Exceptional Paraiba Tourmaline and Diamond Pendant Necklace with an estimate of USD 500,000 – USD 700,000, suspending a modified triangular brilliant-cut Paraiba tourmaline of Brazilian origin, weighing 10.31 carats, capped and accented by round diamonds, also did very well at the auction, smashing its USD 700,000 high estimate and achieving USD 1.2 million.

Lot 484 – An Important Ruby and Diamond Ring
Lot 484 – An Important Ruby and Diamond Ring

Lot 484 – An Important Ruby and Diamond Ring Featuring an octagonal mixed-cut ruby weighing 8.80 carats, within a frame of petals set with round diamonds, a property to be Sold for the Benefit of a Charitable Foundation, also performed well at the auction, selling within its estimate of USD 1.3 – 2.0 miillion for USD 1,592,750.

No. 437, The Earth Star diamond
No. 437, The Earth Star diamond

However, the most-favored Lot of the Sale, bearing Lot No. 437, The Earth Star diamond, a pear-shaped, fancy deep orange-brown, 111.59-carat diamond, discovered in 1967 at the Jagersfontein mine in South Africa, and mounted in a beautiful setting within a framework of carved Azurmalachite, a blue and green gem mineral, by designer David Webb, to form a beautiful diamond pendant, did not fare as well as expected, realizing only USD 693,000, well under its low estimate of USD 1.5 million.

Catharine Becket, Head of Sotheby’s Magnificent Jewels sale in New York, said “When curating our Magnificent Jewels sales, we’re continually on the hunt for not only extraordinary, timeless designs but also for of-the-moment jewels and gemstones that signal growth areas in the market. In particular, it’s been thrilling to witness the increase in our clients’ appetite for stones beyond the standard canon of diamonds, sapphires, rubies and emeralds, and to see the evolution in their appreciation for specimen stones, such as the Paraiba Tourmaline and Diamond Pendant Necklace, which sold for an incredible $1.2 million. We also saw exceptional results for signed jewels by the iconic maisons, including a Mystery-Set Ruby Holly Leaf brooch by Van Cleef & Arpels that sold for nearly $1 million.”

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