New York (April 10, 2014) – Bonhams auction of Fine Jewelry held in the firm's Madison Avenue salesrooms on April 9 was an overwhelming success, realizing $4.3 million.
Highlighting the auction was a Cartier gem-set, diamond and enamel brooch, circa 1925, that flew past its pre-sale estimate to bring $317,000. The signed piece, from the Estate of Patricia Mitau Rhein, is designed as a coral and onyx bead fan motif, suspending a rock crystal ring, enhanced by 3.50 carats of circular-cut diamonds, mounted in platinum. An additional art deco Kashmir sapphire and diamond brooch, also circa 1925, from the various owners portion of the auction, brought $137,000.
The 185-lot sale was highly energetic, with a filled to capacity auction room and registrants bidding online and by telephone from over 20 countries worldwide. Susan Abeles, Bonhams Head of US Jewelry, and Virginia Salem, the Director of the Jewelry Department in New York, commented of the sale, "Rare pristine signed jewelry and fine colored stones continues to command significant interest and results. The market is very strong, and participation increases with every auction."
Especially notable in the sale was a fine jadeite jade bracelet, designed as a carved hololith bangle, that brought $209,000 against an estimate of $40,000-60,000, and a natural pearl and diamond necklace, comprising of 71 graduated round white pearls, completed by an openwork single-cut diamond clasp, and centering an old mine-cut diamond, with its clasp mounted in platinum, that achieved $173,000, past a $30,000-50,000 estimate.
Diamond rings were in high demand for the day. A Kashmir sapphire and diamond ring of bypass design, centering a 3.45 carat oval-cut sapphire and a 3.24 carat old European-cut diamond, with baguette-cut diamond shoulders, mounted in platinum, brought $191,000 past an $80,000-120,000 estimate. Another diamond ring, set with a 17.86 carat cut-cornered rectangular-cut diamond, sold for $173,000.
Additional examples of note included a diamond solitaire ring, set with a 6.02 cushion-cut diamond, mounted in platinum, that brought $131,000, past an estimate of $50,000-80,000; a fancy colored diamond and diamond ring, set with an 8.43 carat round brilliant-cut fancy light yellow diamond, with circular-cut diamond shoulders, that sold for $120,000; and also, from a Charleston Estate, a sapphire, diamond and 18 karat gold ring, horizontally set with a 7.60 carat oval-cut sapphire, with triangular-cut diamond shoulders within a polished gold mount, with an estimated total diamond weight of 1.00 carat, that realized $106,250.
For complete results of the Fine Jewelry sale in New York on April 9, please visit www.bonhams.com/auctions/21632/.
Bonhams' next Fine Jewelry sale in New York will take place June 17.
For more information on that, please visit www.bonhams.com/21775.
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 valuation services in 60 specialist areas. For a full listing of upcoming sales, plus details of Bonhams specialist departments go to www.bonhams.com