Magnificent Jewels

Christie’s October 16 sale of Magnificent Jewels in New York totaled  $49,993,175 (£30,995,769 /€37,994,813) and achieved strong sell-through rates of 87% by lot and 93% by value. The top lot of the sale was a superb pear-shaped D color flawless diamond of 50.52 cts, which sold for $9.5 million, or $188,000 per carat, to a private collector.

Rahul Kadakia, Head of Jewelry, Christie’s Americas and Switzerland, commented: “Private collectors and dealers reacted more than positively to a 369-lot auction that was finely-tuned in terms of prices and selection of gems to current market conditions. Natural pearls, colorless flawless diamonds, and colored diamonds of high quality once again dominated the day, making for a vibrant atmosphere in the saleroom.”