Thursday, May 8, 2014

Christie's - Geneva Magnificent Jewels, May 14, 2014

post by Christine Webb

Well the buzz in the jewelry world is all about the upcoming Christie's auction in Geneva on May 14, 2014.  The Magnificent Jewels sale will be memorable I'm sure, as recent auctions have achieved record breaking prices for fine gems and jewelry.  This auction is creating excitement as several very important diamonds will be on the block.

The Blue, as it is being called, is the largest flawless fancy vivid blue diamond in the world!  At 13.22ct with excellent symmetry and polish, this pear-shaped diamond is set in a ring, flanked on either side by a pear-shaped diamond, each weighing approximately 1ct, D in color and internally flawless.  The estimate is $22,000,000-25,000,000!  Not only rare beyond belief, but just astonishingly gorgeous.

The price realized was $23,795,372!  It was named The Winston Blue by Nayla Hayek, CEO of Harry Winston who acquired the gem.  "In January we (Swatch Group) purchased Harry Winston and since then my ambition has been to acquire the most desirable and unique gems.  When Christie's announced they were offering the largest flawless fancy-vivid blue that the GIA had ever graded, I had to buy it.  Today, I am proud to own the most beautiful blue diamond in the world: THE WINSTON BLUE," said Nayla Hayek.  Well, I'm still partial to the Hope Diamond - but I'd love to see this beauty up close - I'm sure it's magnificent!

Another important fancy colored diamond will also be featured during the sale.  The Ocean Dream, a fancy vivid blue-green diamond weighing 5.50ct is triangular cut and the largest diamond of this color graded by the GIA to date.  The Ocean Dream was also a part of the Splendor of Diamonds  exhibit at the Smithsonian's National Museum of Natural History in 2003, where seven rare and valuable diamonds were displayed together for the first and only time.  I had the opportunity to examine the diamonds up close - a once in a lifetime experience! The Ocean Dream has an estimate of $7,500,000-9,500,000.

The price realized, and world auction record for a blue-green diamond, was $8,781,637.

The Rajah Diamond, is an old-mine brilliant cut diamond, weighing 26.14ct, set in a Tiffany & Co. platinum ring.  This diamond has wonderful provenance and is believed to have originated from the famous mines of Golconda, India.  It is estimated to bring $3,000,000-5,000,000.

The price realized for this spectacular Golconda diamond - $4,104,719.

This Belle Epoque diamond Devant-de-Corsage Brooch was designed by Cartier in 1912. The pendant features a pear shaped diamond weighing 34.08ct, an oval shaped diamond weighing 23.55ct and a marquise shaped diamond weighing 6.51ct, enhanced by diamond encrusted lily-of-the-valley links set in platinum. This amazing jewel is estimated to go for $7,000,000-12,000,000.

The price realized for this Belle Epoque Diamond brooch was $17,882,669!  Way above the estimate.

There are many other spectacular diamonds and high jewelry pieces in the auction catalogue that aren't getting as much attention as those mentioned above, but I think they are extraordinary.  So here are a few of my favorites!

The 3-stone diamond ring designed by JAR, Paris is set with rectangular cut diamonds in a platinum ring with micro-pave set diamonds on the gallery and shank (no diamond weight stated). Check out our blog posts JAR and JAR Revisited to learn more about this incredible artist.  This ring is estimated to reach  $330,000-460,000.

The realized price, just slightly above the estimate, was $493,198.  

Now this is a tiara!  A Belle Epoque sapphire and diamond tiara, designed as an openwork wreath of diamond encrusted laurel leaves as the base, centering on a round cut diamond, surmounted by graduated cushion cut sapphires surrounded by diamonds, topped off with a diamond set wavy line, and a top row of alternating diamonds and sapphires, circa 1910. Estimated to reach $200,000-300,000.

Results not posted - assumed that it was pulled from the auction. Shame!

A diamond and enamel tubogas (flexible tubular chain) necklace suspending a fringe of graduated round cut diamonds, each decorated with gold and blue enamel scroll motifs, made in the 1940s. This necklace is expected to reach $400,000-600,000.

Results not posted - assumed that it was pulled from the auction.  Wish I could've bid!

 Close-up of the diamond and enamel necklace

An Art Deco ruby, emerald and diamond brooch by Janesich was made in the 1920s.  The brooch has buff top rubies, old mine and baguette cut diamonds, and a central kite shaped diamond suspending a pear shaped diamond drop, done in platinum and gold.  This gorgeous Art Deco piece is estimated to sell for $66,000-83,000.

The price realized for the Art Deco Brooch was $126,968.

This pink cushion cut sapphire weighs 49.04ct.  The gem is from Sri Lanka with no indications of heating.  An intense purplish pink color with excellent clarity, it is estimated to realize $250,000-290,000.

The price realized for the pink sapphire ring was $2,037,123.  WOW - way over the estimate!

This ring features a fancy dark orangy-brown oval cut diamond weighing 27.33ct.  A double frame of colorless and pink diamonds surround the center stone.  The ring is estimated at $400,000-600,000.

The price realized for the fancy colored diamond ring was $493,198.

The antique diamond and ruby brooch by Fabergé has a diamond encrusted scrolling stem with pear shaped diamond leaves, highlighted by a cabochon ruby collet and two heart shaped diamonds. Made in Russia in 1890 by Karl Fabergé,  with the Russian assay mark for gold, in a red leather case stamped with a golden crown.  A royal treasure set to sell for $66,000-99,000.

The price realized for the Fabergé brooch was $119,914 - a piece of history!

The next four pieces are from the Collection of a European Gentleman!  My favorite is this exceptional diamond bib choker necklace of oriental inspiration with diamond set swags, flowers, foliate scrolls and garlands on a lattice base. It is expected to reach $15,000-25,000 - a bargain compared to the rest!

The realized price was way over the estimate - and deservedly so - at $105,806.  Oh to wear it just once - diamond lace - exquisite!

This second piece is a diamond riviere necklace (French for river) that has 27 graduated round old cut diamonds mounted in gold.  The necklace is estimated at $2,000,000-2,500,000. You can only imagine the dispersion from these faceted diamonds!

The realized price for the Riviere Necklace was $2,307,987.

This diamond choker necklace is my third pick!  It is designed as six openwork lattice panels composed of round cut diamond swags and foliate motifs, each centering on a larger round cut diamond collet.  The choker was made in France in the late 19th century and is expected to reach $100,000-200,000.

The realized price for another amazing choker necklace was $208,791.

And a fourth selection from the Collection of a European Gentleman is a group of antique diamond jewelry that consists of a fringe necklace of old-mine cut diamonds with a center diamond cluster pendant, a pair of earrings, each with old mine cut diamonds with a diamond cluster top, and three diamond sunburst brooches, mounted in silver and gold, mid-19th century.  The suite is estimated at $60,000-80,000.

The realized price for the suite of diamond jewelry was $303,593.  Way above the estimate!

Christie's Geneva Magnificent Jewels sale realized a total of $154,193,622 selling 85% by lot and 94% by value, achieving the highest total ever for a jewelry sale in auction history - four world record prices were achieved!  Rahul Kadakia, International Head of Christie's Jewellery Department stated: "The jewellery market continues to remain extremely vibrant and we look forward to a buoyant season as we move into auctions at Christie's Hong Kong, London, Paris and New York."  

To view all of the fabulous jewelry, visit Christie's website and feast your eyes on all that will be auctioned in Geneva on May 14, 2014 during the Magnificent Jewels sale. I can only imagine how wonderful it would be to own one of these pieces.  Can't wait to see the auction results and the realized prices!

No comments:

Post a Comment