Dreweatts’ £1.2m fine jewellery auction

Dreweatts achieved stellar results in a day of luxury sales at their London saleroom on 27 November, with prices totalling over £1 million. Fierce international bidding saw iconic jewels by the master jewellers and high jewellery ateliers of the 20th Century including Bulgari, Graff and Jean Schlumberger, steal the show and attain the top prices.

James Nicholson, international head of jewellery and watches at Dreweatts, said: “Iconic jewels continue to fire the imagination of international buyers, and the strength of the market for the finest pieces remains fiercely contested. It was a huge privilege to be able to privately source the sale from UK and Continental European collections and vendors.”

An impressive 30-carat sapphire and diamond ring by French jeweller Jean Schlumberger brought a stunning end to the marathon sale. The last lot of the day flew past its pre-sale estimate, eventually selling for £117,800 to applause in the room.

Schlumberger’s jewels are regarded as some of the finest post-war jewellery design and, as proved with this sale, continue to be immensely popular with jewellery collectors today [Lot 723].

A turquoise and white enamel ‘Serpenti’ watch by Bulgari was another highly desirable piece with 12 telephone bidders competing against the internet and collectors in the room. The iconic watch, a favourite of actress Elizabeth Taylor, sold for £84,320 [Lot 722].

The fine lewellery, silver, watches and pens sale was held at Dreweatts & Bloomsbury Auctions’ saleroom in London’s Mayfair on 27 November.

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Michael Northcott

Michael is the editor of Jewellery Focus magazine. He draws from experience at a wide range of B2B magazines, including Management Today, Legal Business, Retail Week and Hotel Owner. Feel free to drop him a line with any stories or feature ideas.

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