Sotheby’s New York sells 100.20-carat ‘Perfect Diamond’ at Magnificent Jewels sale

 Sotheby’s New York sells 100.20 carat ‘Perfect Diamond’ at Magnificent Jewels saleSotheby’s New York concluded its Magnificent Jewels sale with exceptional results in its total revenues earned as well as the lots sold. The auction house churned a record total for a jewellery auction at its New York salesroom, as its revenues valued a total of $65.1 million. The auction included a 100.20-carat ‘Perfect Diamond’ in a classic Emerald-cut characterized as D Color, Internally Flawless, Type IIa, selling for $22.1 million. This result garners several superlatives for the D color, Internally Flawless, type IIa stone: it marks the largest perfect diamond with a classic Emerald-cut ever sold at auction; the first 100+ carat perfect diamond sold at auction in New York; and the highest price for any colorless diamond auctioned in New York.

Lisa Hubbard, Chairman, North South America, Sotheby’s International Jewelry Division, commented: “This diamond is exceptional in every sense of the word, and we were thrilled to see it achieve such a strong result. The stone captivated people around the world throughout our extensive travels this spring, but it was a particular privilege to offer it at our New York headquarters. Including today’s result, only six perfect diamonds weighing over 100 carats have sold at auction in the last 25 years – a testament to the incredible rarity of these stones. Sotheby’s sold five of those spectacular diamonds, including sales in Geneva, Hong Kong, and now New York.”

Amongst other lots sold were – Property of a prominent collector, a Magnificent Platinum and Diamond Ring of an oval-shaped diamond of 22.30 carats, D color, Internally Flawless, type IIa sold to an online bidder for $3.3 million . A Magnificent Platinum, 18 Karat Gold, Fancy Purplish Pink Diamond and Sapphire Ring – a beautiful color combination of an unmodified pear-shaped Fancy Purplish Pink diamond weighing 6.24 carats, set in a unique mounting with two cushion-cut Kashmir sapphires sold for $2.4 million. Amongst the pieces from celebrated provenance was a The Baron de Rothschild Necklace – an Elegant and Rare Platinum, Emerald, Sapphire, Lapis Lazuli and Diamond Pendant-Necklace Designed by Charles Jacqueau for Cartier, Paris, circa 1924 which Sold for $2.6 million / CHF 62.5 million / HK$20.2 million. This Mughal Empire-style necklace was exhibited recently at the Denver Art Museum exhibition ‘Brilliant: Cartier in the 20th Century’. An 18 Karat Gold, Platinum, Kashmir Sapphire and Diamond Brooch Schlumberger for Tiffany Co., France – designed as a stylized flower, this brooch dating from the 1960s and set with a sapphire of approximately 17 carats, was formerly in the collection of Mrs. Paul Mellon was sold to an online bidder for $1 million. From the Estate of Mary Lily Kenan Flagler, Thence by Descent The Flagler Emerald – an Important Platinum, Emerald and Diamond Pendant – a 35.02 carat Classic Colombian emerald jewel belonged to the wife of American industrialist Henry Flagler sold for $2.8 million. A Platinum, Kashmir Sapphire and Diamond Ring – Cartier, New York, circa 1915 was sold to an online bidder for $1.9 million.

Gary Schuler, Head of Sotheby’s Jewelry Department in New York, said: “It was encouraging to see the impact of private collectors throughout the day, including at the highest end of our sale: eight of our top ten pieces were purchased by private individuals. Our strong results spanned each of the categories that have driven the auction market in recent seasons: top-quality diamonds and gemstones, signed and historic jewels, and pieces with notable provenance. Online bidding and buying also contributed heavily to our record total, including the second-highest price of the day: $3.3 million for a magnificent 22.30 carat DIF diamond ring.”

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