$8.5m Auction "Shows Strength of Online Jewelry Market"
March 24, 26
(IDEX Online) - Christie's New York says its latest auction raised $8.5m and "highlights the continued strength of the online jewelry market".
The 155-lot Jewels Online, which closed on 19 March, sold 131% by low estimate.
Highlight of the event, a 10.02‑carat D color, internally flawless, Type IIa emerald‑cut diamond ring, signed Tiffany & Co, sold for $521,000 (estimate $500,000 to $700,00).
The second highest price was for a platinum ring with a 10.03-carat, D color, VS1 clarity, Type IIa center stone, which sold for $508,000, against estimates of $250,000 to $350,000
A set of spinel, ruby, diamond and gold jewelry, formerly from The Collection of Elizabeth Taylor, sold for $108,000, more than seven times its low estimate of $15,000.
Christie's said 54% of bidders and buyers were from the Americas, 26% from Asia-Pacific, and 20% from EMEA. Their participation demonstrated "the enduring demand for rare, well‑provenanced, and exceptional pieces".
Pic shows the 10.02‑carat Tiffany & Co diamond ring.