Christie's Magnificent Jewels raised $54.9mn
Hammered 120% above estimated and Sold 94% Magnificent Jewels by value Christie’s New York December 8 auction of Magnificent Jewels achieved a total of $54,970,500 with 91% sold by lot, 94% sold by value, and 120% hammer above low estimate. There was global participation with registered bidders from 30 countries across five continents. The auction achieved strong results for colored diamonds, including the top lot of the sale, an important fancy vivid yellow diamond pendant of 70.19 carats, VS2 clarity that sold for $2,850,000. Other notable results were achieved for a rare fancy vivid orangy pink diamond ring of 5.38 carats, VS2 clarity, which realized $2,670,000. A fancy dark gray-blue diamond ring of 8.74 carats, Internally Flawless, which achieved $2,610,000. A notable collection included in the sale was A Superlative Eye: Property from a Distinguished Chicago Collection, which was highlighted by a strong selection of Art Deco Cartier jewels. The colle...