Auctions

Christie’s Magnificent Jewels sale totals £33.2m

Christie’s New York auction of Magnificent Jewels, which took place yesterday (8 December), achieved a total of $44.58m (£33.16m).

During the auction, 95% of items sold by value, 91% sold by lot and 118% hammered above law estimate after a marathon 10-hours of bidding.

The preceding Jewels Online sale, from 18 November 18 to 1 December, totaled $2.5m (£1.9m) with 100% sold by value and 90% sold by lot.

Altogether, the December Jewels sales in New York achieved a combined total of $47.1m (£34.9m).

The auction’s top lot was a Kashmir sapphire and diamond bracelet of 43.10 carats, which was surrounded by 67.90 carats of D color diamonds that was purchased for $6m (£4.4m) by Harry Winston.

Nayla Hayek, CEO of Harry Winston, said: “We are very proud to have purchased this extraordinary Kashmir Sapphire which joins the ranks of the finest diamonds and colored gemstones acquired by Winston to form our superb Legacy Collection.”

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