Auctions

Christie’s Geneva sale totals $40m

Christie’s Geneva’s recent ‘Magnificent Jewels’ sale has achieved a total of $40m (£30m), selling 89% of all lots and 100% by value.

This season’s sale was held in a new adapted format due to the pandemic, with both a live hybrid and online component, attracting over 1,500 bids from around the world.

The top lot of the jewellery auction was the rectangular-cut, yellow 28.88 carat diamond selling for $3.1m (£2.3m) to a private collector.

The sale saw a new auction record for price per carat established for a red 1.05 carat stone diamond, set into a ring by Graff, selling for $2.6m (£2m).

Max Fawcett, head of Jewellery Department at Geneva, said: “Despite the challenging environment and the first auction at the Four Seasons Hotel des Bergues without clients present in the room, Christie’s saw strong bidding from all over the world, both online and on the telephone. 

“With a  sell-through rate of 89%, it shows the market is robust and there is very competitive demand for  exceptional jewels and coloured stones. We look forward to our successful sales in Paris, LondonHong Kong and finally New York to conclude the season.”

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