Magnificent and Noble Jewels Sale Totals $46.5 Million

In the glittering world of high-end jewellery auctions, Sotheby’s Geneva once again stole the spotlight with its recent Magnificent Jewels and Noble Jewels Auction.

The event, which witnessed a staggering total sale of $46.5 million, showcased an array of exquisite gemstones, rare coloured diamonds, and iconic pieces from renowned jewellery houses. In this article, we delve into the key highlights and remarkable sales that made this auction an unforgettable spectacle.

Key Highlights: A Snapshot of Success

The Sotheby’s Geneva Magnificent Jewels and Noble Jewels Auction achieved remarkable feats that left the jewellery industry in awe. Here are some key facts and figures from this extravagant event:

  • The auction’s total sales reached an astounding 41,841,490 CHF, equivalent to $46,531,921. This impressive figure exceeded the initial estimate of 37.9 million CHF or $42.1 million, showcasing the strength of the market.
  • Despite its exclusivity, the auction found buyers for 92% of all lots, a testament to the allure of the pieces on offer.
  • An astounding 44% of the lots sold achieved prices surpassing their low estimates, with half of them soaring above their high estimates, illustrating the fierce competition among collectors.
  • The presence of buyers from Asia significantly increased, nearly doubling from 18% in the previous year’s sale to a substantial 37% in this auction. This surge indicates the growing interest in fine jewellery among Asian collectors.
  • Buyers from North America remained steady, accounting for just over 30% of the auction’s success.
  • In a notable trend, buyers under 50 years of age doubled in number over the past five years, making up over 22% of all buyers in the sale, reflecting a generational shift in the world of fine jewellery collecting.

Diamonds Are Forever: The Pinnacle of Elegance

Among the stars of the Sotheby’s Geneva auction were dazzling diamonds that left spectators in awe:

  • Lot 652 – Exquisite Diamond Ring: A superb diamond ring, weighing an impressive 20.52 carats, boasting a D Color and Internally Flawless clarity, achieved a remarkable sale price of 1,754,000 CHF, surpassing its estimated range of 1,100,000 – 1,635,000 CHF.
  • Lot 646 – Iconic Diamond Earrings: A pair of highly important diamond pendant earrings, each weighing 11.05 and 11.02 carats, featuring D Color and VS1 Clarity, created by Moussaieff, fetched a stunning 977,900 CHF, surpassing their estimated range of 900,000 – 1,350,000 CHF.
  • Lot 528 – Magnificent Diamond Ring: Another highlight was a claw-set ring adorned with a brilliant-cut diamond, weighing an impressive 26.36 carats, with baguette and single-cut diamonds enhancing the shoulders. This exquisite piece sold for 508,000 CHF, exceeding its estimated range of 250,000 – 350,000 CHF.
  • Lot 538 – Elegance in Diamonds: An elegant claw-set ring featuring an oval diamond, weighing 7.68 carats, flanked by triangular diamond shoulders, signed by Tabbah, achieved a notable sale price of 304,800 CHF, surpassing its estimated range of 190,000 – 290,000 CHF.

Marina B and Bulgari: 1980s Elegance Returns

The allure of the 1980s reigned supreme in the auction with pieces from iconic jewellery houses Marina B and Bulgari:

  • Lot 504 – Marina B’s Sapphire Ring: A ‘Alpha Baguettes’ sapphire and diamond ring by Marina B, dating back to 1986, sold for 88,900 CHF, surpassing its estimated range of 20,000 – 40,000 CHF.
  • Lot 507 – Marina B’s Demi-Parure: A dazzling demi-parure, including a diamond, enamel, and gold set named ‘Ecume,’ along with a pair of ear clips named ‘Japan,’ both by Marina B from the 1980s, sold for 60,960 CHF, surpassing its estimated range of 28,000 – 46,000 CHF.
  • Lot 508 – Marina B’s Ruby Parure: The ‘Kashan’ parure, comprising a choker, a bangle, and a pair of ear clips, all from the 1980s and created by Marina B, reached a sale price of 152,400 CHF, surpassing its estimated range of 55,000 – 90,000 CHF.
  • Lot 509 – Bulgari’s Gem Set Parure: A gem set and diamond parure by Bulgari, hailing from the 1980s, and featuring a sautoir, a pair of ear clips, and a ring, sold for 95,250 CHF, exceeding its estimated range of 48,000 – 65,000 CHF.

Emeralds Envy: A Green Delight

The auction featured a stunning array of emeralds that captured the hearts of collectors:

  • Lot 588 – Vivid Yellow Diamond and Emerald Ring: A unique and exquisite fancy Vivid Yellow diamond, emerald, and diamond ring named ‘Kallima,’ created circa 2012 by Van Cleef & Arpels, achieved a remarkable sale price of 863,600 CHF, surpassing its estimated range of 360,000 – 460,000 CHF.
  • Lot 656 – Colombian Emerald Brooch: An emerald of Colombian origin and a diamond brooch or pendant necklace reached a sale price of 355,600 CHF, exceeding its estimated range of 180,000 – 280,000 CHF.
  • Lot 651 – Exquisite Emerald Ring: An exquisite emerald of Colombian origin and diamond ring, dating back to 1962, garnered significant attention and sold for 736,600 CHF, surpassing its estimated range of 300,000 – 500,000 CHF.
  • Lot 597 – Hollywood Glamour: An emerald and diamond bangle by Trabert & Hoeffer-Mauboussin, dating to 1939, and formerly belonging to Hollywood movie star Paulette Goddard, fetched a sale price of 177,800 CHF, surpassing its estimated range of 60,000 – 80,000 CHF.
  • Lot 598 – Cartier’s Drapery: A rare and attractive gem-set and diamond demi-parure named ‘Drapery’ by Cartier, dating back to 1958, comprising a necklace inspired by Mughal design and a pair of ear clips, sold for 457,200 CHF, surpassing its estimated range of 200,000 – 400,000 CHF.

A Deeper Shade of Blue: Sapphires and Blue Diamonds Shine

Sapphires and blue diamonds added a touch of elegance and allure to the auction:

  • Lot 515 – Blue Diamond Earrings: An important pair of Fancy Intense Blue and Fancy Deep Blue diamond earrings achieved a remarkable sale price of 952,500 CHF, surpassing their estimated range of 460,000 – 640,000 CHF.
  • Lot 537 – Ceylon Sapphire Ring: A claw-set Ceylon Sapphire and diamond ring by Bulgari sold for 228,600 CHF, exceeding its estimated range of 110,000 – 165,000 CHF.
  • Lot 569 – Ceylon Sapphire Delight: Another Ceylon Sapphire and diamond ring reached a sale price of 292,100 CHF, surpassing its estimated range of 70,000 – 90,000 CHF.
  • Lot 571 – Sapphire Brooch: A sapphire and diamond brooch by Van Cleef & Arpels, dating back to 1970, sold for 190,500 CHF, exceeding its estimated range of 75,000 – 110,000 CHF.
  • Lot 572 – Kashmir Sapphire Pendant: A Sapphire of Kashmir origin and diamond brooch or pendant reached a remarkable sale price of 1,016,000 CHF, surpassing its estimated range of 230,000 – 320,000 CHF.
  • Lot 592 – Kashmir Sapphire Ring: Another Kashmir Sapphire, this time in the form of a ring created by Chaumet, achieved a sale price of 203,200 CHF, surpassing its estimated range of 55,000 – 72,000 CHF.

Commenting on the sale Catharine Becket, Head of Magnificent Jewels, Geneva, said, “On the heels of the white glove Vienna 1900 auction, today’s results reaffirmed the strength at the top-end of the market, from a collection of one-of-a-kind creations by Van Cleef & Arpels and Cartier that was 100% sold to rare coloured diamonds, including a Fancy Intense Green Diamond ring that saw heated bidding beyond 1,600,000 CHF.

Sapphires from Sri Lanka soared well past expectations, bringing many multiples of their pre-sale estimates, while white diamond solitaire rings performed particularly well, solidifying their position as the cornerstone of the industry. For those with an eye for design, it was clear that high-impact jewels from the 1980s in particular, are very much in the air du temps, with Italian firms Bulgari and Marina B grabbing the spotlight.”

The Sotheby’s Geneva Magnificent Jewels and Noble Jewels Auction not only dazzled with its remarkable sales but also provided a glimpse into the ever-evolving world of high-end jewellery collecting. From breathtaking diamonds to alluring emeralds and sapphires, this auction showcased the enduring allure of exquisite craftsmanship and design. As collectors from around the world continue to seek these timeless treasures, the future of fine jewellery auctions remains as brilliant as the gems themselves.

Images: Sotheby’s

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