April 17th 2013 – Sotheby’s Holds Magnificent Jewels Auction in New York
Tomorrow Sotheby’s New York will be hosting another Magnificent Jewels Auction, following on from the success of their 2012 auction. The day will be a spectacular presentation of some of the World’s finest diamonds and jewellery.
Lead Item – 74.79ct Pear Shape Diamond
The lead item is the Pear shaped brilliant cut diamond, which heads the auction at just below 75cts in weight. So what do we know about this item.
Estimate 9,000,000 – 12,000,000 USD
Diamond weight 74.79cts
Diamond colour and clarity D VVS1
GIA report No. 5151246888. The GIA diamond grading report notes most of the details present here.
Size 43.16mm x 23.02 x 12.57mm
The stone is potentially Internally Flawless with further cutting, classified as Type IIa. This classification makes the diamond very rare. In fact most of the World’s chemically pure diamonds are Type IIa. Another famous example of a Type IIa diamond was the Koh-I-Noor. Fewer than 20 x Pear shape diamonds weighing above 50cts have sold at auction since the 80’s. One of the previous diamonds (The Star of the Season) weighed 100.10cts and sold at Sotheby’s in 1995 for $16,548,750. This was a World record, and was held for over 13 years. The current 74.79ct Pear shape is the fifth largest Pear shape of importance to go to auction in over three decades.
The pear shape is now noted as the property of a ‘private collector.’
Delightful Jewels – the Tutti-Frutti Bracelet
Other interesting items, expected to come under the hammer, include Cartier’s famous ‘Tutti-Frutti’ bracelet. This rich, playful collection of colour, form and texture described as “A unique illustration of the marriage between Eastern and Western Influences in jewellery making.” Gems that appear as fruits embellish this playful piece, which incorporates pearls (not yet tested for natural origin.) Rubies, Emeralds and Sapphires vary in hue and shape across this artistic, colourful masterpiece of creative jewellery design.
“It is a superb example of the firm’s innovative craftsmanship and stands as a testament to the rich history of Cartier.”
We are very much looking forward to seeing some of the results from the Magnificent Jewels Auction hopefully updating this post with a few additional notes in the coming weeks.