Christie's Magnificent Jewels sold 95% by lot!
Hammered sale achieves $46.5 million on 10 December Christies Luxury Week continued with Magnificent Jewels on 10 December at Rockefeller Center. The sale achieved a total of $46.5 million and was 95% sold by lot. Tourmaline proved to be the surprise star of the sale, achieving the highest prices for the day including a world record price for a Paraiba tourmaline. Leading the results was a magnificent Tiffany & Co. Tourmaline and Diamond Necklace from the Collection of Max and Cecile Draime, which, after spirited bidding in the room, online, and on the phones, hammered at $4,223,000—soaring to ten times its low estimate. Immediately following, a matching Pair of Fine Tiffany & Co. Tourmaline and Diamond Earrings, also from the Draime Collection, realized $1,270,000, likewise exceeding ten times their estimate. Together, these exceptional jewels underscored the extraordinary demand for rare tourmaline creations and m...