Harry Winston, Cryptocurrency to Reach New Milestone with Sotheby’s Diamonds Auction

Harry Winston, Cryptocurrency to Reach New Milestone with Sotheby’s Diamonds Auction

A n iconic diamond necklace by Harry Winston will be the first signed jewellery to be offered with a cryptocurrency payment option at Sotheby's Hong Kong auction Diamonds: The Dazzling ∞ (24 September, Hong Kong). This marks another milestone following the landmark auction of “The Key 10138”, an exceptional 101.38-carat pear-shaped D Flawless, which sold for HK$95.1 million (US$12.3 million) in July, setting the highest price achieved for any jewellery or gemstone purchased with cryptocurrency.

Reaching Another Milestone

Harry Winston A Magnificent Diamond Fringe Necklace Estimate 36,000,000 - 46,000,000 HKD

With the upcoming sale of the Harry Winston masterpiece, Sotheby’s takes another big stride. Weighing a total of 177.51 carats and designed as a cascade of diamonds, the necklace is made of nine graduated pear-shaped stones at the front, all D colour and Internally Flawless, each meticulously selected to match the standard of quality that is paramount to the brand. The necklace displays the signature Harry Winston flair, combining elegant and delicate design with exceptional stones and exquisite workmanship. Bidding for the work, estimated at HK$36–46 million, will be conducted in HKD, but now the buyer will also have the option to pay the hammer price with cryptocurrency – including Ether, Bitcoin or USD Coin possible through Coinbase Commerce, one of the world’s largest cryptocurrency exchanges.

Diamonds: The Dazzling ∞ comes at a moment when demand for white diamonds and for luxury items more generally, is particularly strong, with 80% of the white diamonds offered in Sotheby’s Magnificent Jewels auctions this year having found buyers, and 30% of buyers in its luxury sales completely new to Sotheby’s.

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Talk to Me Harry Winston!

In the 1953 movie, Gentlemen Prefer Blondes, Marilyn Monroe famously sang the line “Talk to me Harry Winston! Tell me all about it…” whilst performing the song “Diamonds are a Girl’s Best Friend; perfectly summing up the jubilant attitude towards diamond’s most famous namesake. Harry Winston’s innovative design philosophy, in which individual gemstones, rather than metal settings, would dictate each design – helped revolutionize fine jewellery designs, and continues to remain the cornerstone of a timeless aesthetic that continues to inspire all Harry Winston creations.

Recognised as one of the greatest jewel connoisseurs from the 20th century, “Harry Winston’s almost unerring instincts about gemstones grew over the years to legendary proportions," Laurence S. Krashes writes in Harry Winston. The Ultimate Jeweller. "(His) creativity sprang from a desire to display the finest-quality gemstones in the most elegant settings possible. While he admired the interesting jewellery designs of the Art Deco style, Mr. Winston wanted his settings to place more emphasis on the beauty of the gemstones themselves.”

It is estimated that one third of the world’s most famous diamonds passed through Winston’s hands during his career and his history with some of the biggest and most unusual jewels is unparalleled. In the 1950s, his collection was second only to that of the British Royal Family.

This magnificent diamond necklace showcases the creativity of Harry Winston designs, decorated with nine dazzling pear-shaped stones, along with a distinctive arrangement of diamond clusters and shaped stones of complementary sizes and remarkable brilliance. Of fringe design, the diamonds are mounted in platinum and weighs approximately 177.51 carats in total.

Jewelry

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