A Mouawad colored-diamond ring beat estimates and hammered down for $3.7 million at the Bonhams London Jewels sale.
London Jewels sale on Thursday. Featuring a five-carat radiant-cut fancy intense blue diamond next to a 5.1-carat radiant-cut fancy purple-pink diamond, the ring was expected to achieve just £1 million to £1.
5 million .“London Jewels showcased best in class examples from every era, including Kashmir sapphires, certificated diamonds, and many grades of exceptional coloured diamonds,” Jennifer Tonkin, the co-head of Bonhams’sdepartment in the United Kingdom, said in a statement. “We are absolutely delighted that the results of the sale reflected the quality of the exceptional pieces on offer, and proud to have achieved such a strong result for the enchanting ring by Mouawad.” A fair number of the 113 lots on offer similarly smashed expectations: A ring with a 7.1-carat Burmese ruby and 2.7 carats of diamonds crossed the block for £216,300 , three times its pre-sale estimate. And a Belle Époque Marcus & Co. brooch from around 1895 went home for £165,500 , well above the estimate of £60,000 to £80,000 . The enamel pin is adorned with pearls, diamonds, emeralds, rubies, and sapphires.While the Mouawad ring was by far the most desirable and expensive lot on offer, the second-highest sale was a diamond fringe necklace from around 1950. That piece—which includes graduating baguette and brilliant-cut diamonds, with a fringe of brilliant and marquise-cut diamonds leading to pear-shaped diamond drops—sold for a healthy £254,400 . Many other of the top lots fetched £165,500 , including a diamond riviere, a diamond and colored diamond ring, and an Art Deco diamond sautoir. In total, the Bonhams London Jewels auction made a whopping £6.6 million, or $8.4 million. The sale was 78 percent sold through by lot, and 99 percent sold by value. With the selection of jewelry on offer, and the beautiful gems on display, the buyers must be feeling pretty lucky that they got to go home with the assorted accessories.Tori Latham is a digital staff writer at Robb Report. She was previously a copy editor at The Atlantic, and has written for publications including The Cut and The Hollywood Reporter. When not…This Massive Diamond Ring Blew Past Estimates to Fetch $1.9 Million at Bonhams’s New York Jewels AuctionFrom Rare Beauty’s Plush, Pink Digs to The Outset’s Modern-rustic Headquarters: Inside 4 of Beauty’s Most Beautiful OfficesEmmy Song Category Draws Submissions From the Weeknd, Sara Bareilles, Lin-Manuel Miranda, Mark Ronson, Pasek & Paul and Other Big Music Names
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