NEW YORK – Led by the sale of a remarkable 100-carat "Perfect" Diamond, which sold for $22.1 million, the Magnificent Jewels auction brought a total $65,086,500, a record for a jewelry auction at Sotheby's New York. The classic Emerald-cut diamond's D color and Internally Flawless clarity is exceptionally rare at this scale. Including today’s result, only six perfect diamonds weighing over 100 carats have sold at auction in the last 25 years. Sotheby’s sold five of those spectacular stones – including sales in Geneva, Hong Kong, and now New York.
The market for highly-important diamonds was in evidence elsewhere in the sale as well. A Magnificent Platinum and Diamond Ring sold for $3.3 million, eclipsing its presale estimate. A Magnificent Platinum, 18 Karat Gold, Fancy Purplish Diamond and Sapphire Ring sold for $2.4 million.
One of the highlights of day came with the sale of the Elegant and Rare Platinum, Emerald, Sapphire, Lapis Lazuli and Diamond Pendant-Necklace, Designed by Charles Jacqueau for Cartier, Paris which soared past its pre-sale high estimate to $2.6 million.
The Magnificent Jewels auction culminated in four lots that comprise the Spectacular Bid Collection. All four jewels from the collection sold to bidders online for a total $1.3 million. The suite centers around sapphires, evoking the blue silks of Hawksworth Farm, an homage to the legendary racehorse Spectacular Bid for whom the collection is named.
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