Bonhams witnesses a rejuvenated market during their first jewelry auction of the year

19 Apr 2012, Fine Jewelry

Bonhams witnesses a rejuvenated market during their first jewelry auction of the year

19 Apr 2012, Fine Jewelry

NEW YORK — Bonhams is pleased to announce the stellar performance of the April 19 Fine Jewelry auction. With a sale total of $4,585,400, Bonhams has firmly established their presence on the short list of participating auction houses during this season's round of jewelry sales. Energized bidding came for a full auction room, active phone participation and a tremendous presence on the internet, reaching a large base of international clients.

Susan Abeles, Head of Jewelry US, and Virginia Salem, G.G., Director of New York Jewelry, both state about the auction, "The market is on the rise! Today we witnessed a room of active and engaged buyers who took time to learn about their pieces of interest during our previews. We were thrilled to see some of our seasoned, experienced collectors return to the auction room after several years, as well as, eager new buyers. The success of this sale is evidence of a rejuvenated desire to buy jewelry."

Strong prices were claimed for diamond solitaire rings, taking six of the top ten lots of the auction. Leading the charge was a 14.82 carat diamond solitaire ring, with triangular cut shoulders and a plain mount selling for $482,500 (pre-sale est. $250,000-300,000). Following was a 20.59 carat cut-cornered rectangular-cut diamond solitaire claiming $254,500 (pre-sale est. $120,000-180,000). Other top diamond solitaire lots include: 4.42 cut-cornered rectangular-cut diamond solitaire ring selling for $116,500 (pre-sale est. $40,000-60,000); an 8.46 marquise-cut diamond solitaire ring selling for $88,900 (pre-sale est. $45,000-65,000); and 7.10 carat European-cut diamond solitaire selling for $60,000 (pre-sale est. $40,000-50,000).

Fine gemstones drew the attention of several bidders; one in particular was a whimsical purple sapphire, amethyst and diamond Cartier brooch designed as a turtle. This charming statement piece claimed an impressive $68,500, when it had pre-sale estimate of $10,000-15,000.

There was a renaissance of appreciation for estate jewelry as witnessed during active bidding for a circa 1910 belle époque yellow topaz and diamond necklace. This stunning piece from a Massachusetts collector sold for $15,625, double the pre-sale estimate of $5,000-7,000. Another impressive performer was another belle époque diamond necklace circa 1910 selling for $15,000 (pre-sale est. $8,000-12,000).

For full auction results please visit bonhams.com.

Press Contacts:

Julie Saunders Guinta
julie.saunders@bonhams.com
(917) 206-1681


NOTES FOR EDITORS

Bonhams, founded in 1793, is one of the world's largest auctioneers of fine art and antiques. The present company was formed by the merger in November 2001 of Bonhams & Brooks and Phillips Son & Neale. In August 2002, the company acquired Butterfields, the principal firm of auctioneers on the West Coast of America. Today, Bonhams offers more sales than any of its rivals, through two major salerooms in London: New Bond Street and Knightsbridge; and a further three in the UK regions and Scotland. Sales are also held in San Francisco, Los Angeles, Carmel, New York and Connecticut in the USA; and Germany, France, Monaco, Hong Kong and Australia. Bonhams has a worldwide network of offices and regional representatives in 25 countries offering sales advice and appraisal services in 60 specialist areas. For a full listing of upcoming sales, plus details of Bonhams specialist departments go to www.bonhams.com