Prices skyrocketed at Doyle’s prominent jewelry auction on June 17, reflecting the current robust market and Doyle’s ability to achieve exceptional prices. Bidders around the world were vying for luxury jewelry from renowned collections and distinguished estates across the country. Among the dazzling offerings were jewelry from the world’s most prestigious manufacturers, including Graff, Cartier, Harry Winston, David Webb, Van Cleef & Arpels and Tiffany & Co.
With a presale estimate of $ 2,063,600 to $ 3,083,400, the staggering sale total of $ 4,848,165 exceeded the low estimate of 135% with an exceptional 93% sold by lot and 100% sold by value.
Burmese Ruby: $ 510,300
The sale was marked by a rare and significant Burma ruby “Classic” of approx. 3.90 carats classified in the rarest and most desirable color “Pigeon Blood”. The stone was set in a ring around 1920 alongside a diamond of approx. 2.65 carats, color F, clarity VS1. Determined bidders pushed the ruby up to $ 510,300, more than triple its low estimate of $ 150,000 to $ 250,000.
Kashmir Sapphire: $ 409,500
From the same collection was a magnificent Belle Époque diamond brooch, circa 1910, set with an exceptional Kashmir sapphire classified as “Royal Blue” and weighing approximately. 5.12 carats. Competitive auctions took the pin to $ 409,500, more than four times its low estimate of $ 100,000 to $ 200,000. Both pieces come from three generations of the prosperous Thorne family of New York.
Colombian Emerald: $ 472,500
From another collection, a necklace suspending a Colombian emerald drop-shaped cabochon that sold for $ 472,500, several times its estimate of $ 20,000 to $ 30,000. Measuring 19.2 x 12.15 x 11.92mm, the emerald was set in a 19th century pendant topped with a silver disc.
An invitation to record
Doyle’s jewelry specialists and regional advisers are currently accepting fine jewelry and watches for future auctions. For a free auction evaluation, call 212-427-2730 or visit Doyle.com