Sotheby’s New York annual spring auction of Magnificent Jewels on April 17 will offer 400 lots and a combined presale estimate in excess of $35 million. The centerpiece of this sale is an exceptional 74.79-carat, D, VVS1, potentially flawless, type IIa, pear-shaped diamond with a presale estimate of $9 million to $12 million.
Hubbard, the chairman of North & South America at Sotheby’s
International jewelry division, said, “This truly exceptional stone
exemplifies the strength of the white diamond market over the last
decade. It was acquired by the present owner in 2001 for $4.3 million
and today we have estimated it conservatively at $120,000 per carat. The
stone has universal appeal and we anticipate that it will draw
attention from both the diamond industry and discerning private
Hubbard added that the upcoming auction
includes a number of fresh-to-the-market pieces, such as rare colored
stones from the Gould family and iconic styles including Cartier’s Tutti
Frutti bracelet and panther brooch.
Highlights from the sale will
be on view at the Hong Kong Convention & Exhibition Center from
April 3 to 7 before returning to New York for exhibition on April 13,
alongside a selection of pieces from the upcoming Geneva auction of
Magnificent Jewels & Noble Jewels.
One of the highlights, a
magnificent pair (5.79 carats and 5.68 carats) of pink diamond
earclips, was first sold Sotheby's in 1987 and this lot returns with a
presale esimtate of $3.5 million to $4.5 million. Sotheby's stated that
these earclips are distinguished by their classic pear-shaped diamond
pendants, an exquisite pair of pink diamonds that are particularly rare
today as they were cut prior to the modified cuts being introduced to
the market. Another highlight comes from the estate of Lynn Wolfson, a
21.46 carat, D, internally flawless, type IIa, emerald-cut diamond ring
with a presale estimate of $2.5 million to $3.5 million.
will also auction six jewels from the Gould family collection, many
pieces of which were acquired in the first half of the 20th century,
including a 22.48 carat emerald and diamond brooch, a 15.23 carat
emerald and diamond ring and a 31.34 carat sapphire and diamond ring.