‘Pigeon’s Blood’ Ruby Necklace Leads Diverse Christie’s Hong Kong Jewelry Sale

CHRISTIE'S IMAGES LTD. 2011

It’s a rare jewelry auction these days where diamonds are not the most prestigious items for sale. This auction will break the trend as leading the sale of Christie’s Hong Kong Magnificent Jewels Autumn sale is a Burmese no heat “pigeon’s blood” ruby and diamond necklace (pictured above) with matching earrings (below) by James W. Currens. The necklace has an auction estimate of $3.5 to $5.5 million; and the earrings have estimate of $2.5 million to $3.5 million.

CHRISTIE'S IMAGES LTD. 2011

Designed as twenty-six graduated oval-shaped rubies weighing between 5.38 and 1.27 carats, each ruby comprising the necklace named, “Red Scarlet” is accented by a cluster of marquise and pear-shaped diamonds, mounted in platinum and 18k yellow gold. The matching pair of earrings are titled the “Red Butterflies” for their shape, and each feature a pair of Burmese rubies over 7 carats. The rubies all come from the Mogok Stone Tract in Upper Burma, which is considered to be the source for the finest quality “pigeon’s blood” rubies, the term used to describe the brightest and most valuable red color for rubies.

More than 300 items will be on sale for the November 27 auction at the Hong Kong Convention & Exhibition Centre. The pre-sale estimate is valued at approximately $70 million. An assortment of diamonds, emeralds and sapphires from the world’s legendary mines, natural seawater pearls, and, being Hong Kong, jadeite jewelry will be among the items featured. Highlights include: 

Emerald, pearl and diamond earrings in platinum, featuring Colombian pear-shaped emeralds weighing 23.34 carats and 23.18 carats. Its estimate is $3.5 million to $4.8 million. CHRISTIE'S IMAGES LTD. 2011

Diamond and pearl earrings, featuring a pair of 6-carat pear-shaped diamonds from the legendary Golconda mine in India. Its estimate is $1.2 million to $1.9 million.  CHRISTIE'S IMAGES LTD. 2011

A natural pearl and diamond necklace with an estimate of $1.2 million to $1.5 million. CHRISTIE'S IMAGES LTD. 2011

A lavender jadeite bead necklace, consisting of 63 slightly graduated jadeite beads measuring from 8.8 to 11.3 mm, and a jadeite cabochon and diamond clasp mounted in 18k white gold. Its estimate is $1 million to $1.5 million. CHRISTIE'S IMAGES LTD. 2011

A 36.58-carat fancy brown diamond ring with an estimate of $1 million to $1.5 million. CHRISTIE'S IMAGES LTD. 2011

An 8.59-carat fancy pink cut-cornered rectangular-cut diamond and sapphire ring, by Paris-based American jeweler, JAR. Its estimate is $3 million to $4.5 million. CHRISTIE'S IMAGES LTD. 2011

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Earliest Known Patek Philippe Grand Complication Sells For A Record $2.25 Million

The earliest and most significant example of a Patek Philippe Grand Complication sold for more than $2.25 million Tuesday at Christie’s New York Important Watches auction—well above its $1.5 million high estimate. The price represents a world auction record for a Patek Philippe Grand Complication.

The Stephen S. Palmer Patek Philippe Grand Complication No. 97912 is a minute repeating perpetual calendar split-seconds chronograph clockwatch with grande and petite sonnerie and moon phases, manufactured in 1898. It has never been seen in public and it was the first time it ever appeared on the auction block. 

The definition of Grand Complication is often debated among watch experts and collectors, but it is generally agreed that it features the following: Grand and Petite Sonnerie, Perpetual Calendar and Moon Phases, and Split-Seconds Chronograph.

Until the appearance of the 18k pink gold Palmer watch, it was broadly accepted that Patek Philippe did not make its first Grand Complication until 1910 and that the second ever made was reserved before World War I for James W. Packard in 1916, Christie’s said recently.

With all of the avid collectors of important watches, the historical watch experts, and the way that luxury watch companies maintain their historical data—how could such a rare and valuable watch be unknown? Last night I attended a panel presentation on Grand Complications at the Aaron Faber Gallery in New York and was told by two of the panelists that this type of thing does occasionally happen. Michael Friedman, an historical watch expert, explained to me that being in a private collection the watch was unknown. In addition, even if Patek Philippe has the information in its archives it would not have released it unless asked.

The watch was purchased on Oct. 3, 1900, for 6,500 Swiss francs by Stephen S. Palmer. The original certificate and presentation box were included in the sale.

The sale of 361 lots totaled nearly $8 million. 

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Harry Winston Diamond Earrings Could Fetch Nearly $4 Million at Christie’s Geneva Sale

Pear-shaped diamond earrings by Harry Winston estimated to fetch $3.2 million and $3.9 million. Photo Credit: CHRISTIE'S IMAGES LTD. 2012

Pear-shaped diamond earrings by Harry Winston weighing 16.21 and 15.67 carats is the top lot of the May 16 Christie’s Geneva Magnificent Jewels auction at the Four Seasons Hotel des Bergues. The set of D/VVS2, potentially flawless diamond earrings is expected to fetch $3.2 million and $3.9 million.

More than 340 lots estimated to bring in more than $50 million will be offered by the auction house in Geneva, including a colored diamond ring (whose history is closely linked to Hollywood legends Elizabeth Taylor and Richard Burton), jewelry that once belonged to Mexian movie icon Maria Felix, a diamond tiara commissioned for the wedding of Count Carlo Raggio and Marchioness Tea Spinola in 1909, and a collection of Cartier cats.

Photo Credit: CHRISTIE'S IMAGES LTD. 2012

A 12.6-carat fancy brown-orange diamond ring (pictured above) that was offered to Elizabeth Taylor by Richard Burton in 1975 while they were in Africa is estimated at $600,000 – $800,000. Taylor refused the present, arguing that the money should be spent for building a hospital in Botswana.

Photo Credit: CHRISTIE'S IMAGES LTD. 2012

Other significant items include a diamond flower brooch (pictured above) that is expected to fetch $2.5 million – $3 million and a 33.07-carat cushion-shaped Kashmir sapphire ring that is estimated to sell for 2.5 million – $3 million.

Photo Credit: CHRISTIE'S IMAGES LTD. 2012

A Belle Epoque old-cut diamond tiara (pictured above) was part of a large group of exceptional jewels, specially commissioned by Italian jeweler Filippo Chiappe (1863-1936), for the wedding of Count Carlo Raggio and Marchioness Tea Spinola in 1909. Appointed court jeweler to the Savoy House and official supplier to the Italian Royal Family in 1913, Filippo Chiappe is one of the most famous Italian jewelers of his time. It has an estimate of $320,000 – $530,000.

Photo Credit: CHRISTIE'S IMAGES LTD. 2012

Jeanne Toussaint, appointed director of jewellery at Cartier in 1933, is credited with the creation of “Big Cat” jewelry. The Duke of Windsor commissioned a panther brooch in the late 1940s, and since then the panther has become an iconic Cartier motif. A great example of the legendary “Big Cat” series is a diamond, colored diamond, onyx and emerald tiger brooch created by Cartier in the 1960s. Designed as a tiger hanging from a baguette-cut diamond hoop, its body, tail and head set with yellow diamonds and onyx, its estimate is $290,000 – $380,000.

The highlight of a section dedicated to antique Indian jewels is the set of diamond, enamel and gold jewelry from the collection of Mexican movie legend María Félix (1914-2002). Comprising of a brooch designed as a Mughal tulip set with table-cut diamonds, a bracelet set with octagonal and pear shaped table-cut diamonds, a necklace centering upon a table-cut diamond flower-head with old-cut diamond leaves, and a pair of modern ear pendants, designed as diamond flower-heads, this set dates back to the 19th century and will be offered as a single lot with an estimate of $1 million to $1.5 million.

Christie’s Magnificent Jewels sale will be held at the Four Seasons Hotel des Bergues, May 16 at 2 p.m. and 7 p.m. Viewings in Geneva will be held May 11 till May 16.

Diamonds, Gems Share the Sparkle with Natural Pearls at Christie’s Auction

'The Perfect Diamond'

NEW YORK — The collection from the estate of Huguette M. Clark got most of the attention at Christie’s New York Magnificent Jewels sale Tuesday, but among the 305 lots were important diamonds and gemstones and signature jewelry pieces that received a great deal of attention among bidders.

It was standing room only in Woods Room at Christie’s headquarters as those in the room competed with phone and Internet buyers from around the world. It was a very competitive environment with lengthy, spirited bidding for many of the lots.The sale fetched a total of $70.7 million, with 95 percent of the items sold by lot and 97 percent of the estimated price realized.

View the major items from the sale by following this link.

In addition to large diamonds, which always do well in this environment, sapphires were very popular. There were several extremely strong natural pearls sales, as they appear to be poised for a comeback on the international luxury jewelry market. Among the top items sold were:

* “The Clark Pink,” a 9-carat, cushion-cut fancy vivid purplish pink diamond ring by Dreicer & Co., circa 1910, from the Huguette M. Clark estate, sold for $15.7 million, making it the most valuable pink diamond ever sold in the United States.

* “The Perfect Diamond,” a 44.09-carat rectangular-cut diamond ring (top picture); D-color, internally flawless clarity, Type IIa, with excellent polish and excellent symmetry. The estimate was upon request. It was the last lot of the evening but did not get the highest total (The Clark diamond was the winner). However, it sold for an impressive $7.4 million.

* “The Clark Diamond,” a 19.86-carat rectangular-cut D color potentially IF diamond ring by Cartier, from the Huguette M. Clark estate, sold for $3.1 million.

* One of the big surprises of the sale was a 31.53-carat sugarloaf cabochon Kashmir sapphire ring (above) by Van Cleef & Arpels, which sold for $2.65 million—a world record price for a cabochon sapphire. Its estimate was $300,000 – $500,000.

* A fancy yellow and fancy light yellow diamond cluster necklace by Graff received a lot of attention from bidders. It sold for $2.3 million.

* A pear-shaped D color potentially IF diamond ring of 16.33 cts by Van Cleef & Arpels sold for 2.1 million.

* A cushion-cut fancy intense yellow VS1 diamond ring of 43.49 cts by Graff sold for 1.87 million.

* A five-strand natural pearl necklace (above) sold  for $1.67 million, more than double its high estimate of $800,000. A single-strand natural pearl and diamond necklace by Tiffany & Co., from the Huguette M. Clark estate, sold for $362,000, shattering the estimate of $20,000 to $30,000. Earlier in the day a single-strand natural pearl necklace sold for $266,500, also smashing the estimate of $20,000 – $30,000.

* A 15.08-carat oval-cut F color IF diamond sold for $1.4 million.

* A 15.58-carat rectangular-cut E color VS1 diamond sold for $1.3 million.

Online Estate Sale at Ajaline.com

This Cartier Brooch, Circa 1950s, is among the items on sale.

Ajaline.com, which bills itself as the first members-only flash website, will be hosting an estate sale of vintage fine jewelry, collected from around the world by founder Meeling Wong. 

Van Cleef & Arpels bracelet, circa 1950s

The features of this particular sale are a number of items from famed French designers, including a 1950's Cartier Ivory and Coral Brooch, and pieces from Van Cleef & Arpels and Boucheron circa the mid-1900s. The sale began Tuesday and will run till April 13.

Ajaline is a free website. Readers only have to sign up to become members. For every person a member refers, they receive 5 percent credit for all purchases their friends make.

44-Ct. ‘Perfect Diamond’ Up for Auction at Christie’s

'The Perfect Diamond,' a 44.09-Carat rectangular-cut diamond ring; D-color, internally flawless clarity, Type IIa, excellent polish and excellent symmetry; Estimate on request.  Photo Credit: CHRISTIE'S IMAGES LTD. 2012

Christie’s New York will hold its Magnificent Jewels auction on April 17 at its Rockefeller Center headquarters. The sale features more than 300 individual jewels, including top-quality diamonds, gemstones, natural pearls and signed pieces, with estimates ranging from $2,000 to $8 million. The total sale is expected to surpass $40 million.

16.33-Ct., pear-shaped diamond ring by Van Cleef & Arpels; D-color, potentially internally flawless clarity, Type IIa; Estimate, $1.85 million - $2.5 million. Photo Credit: CHRISTIE'S IMAGES LTD. 2012

The sale features no less than 10 top-quality D-color diamonds. The assortment is led by what is known as “The Perfect Diamond,” (top photo) a 44.09 carat D-color internally flawless, emerald cut diamond (estimate upon request). Christie’s says the diamond exhibits excellent polish and symmetry with no fluorescence. It is certified as a type IIa diamond, the most chemically pure classification prized for its exceptional optical clarity.

15.08-Ct. oval-cut diamond ring; F-color, internally flawless clarity, Type IIa; Estimate, $1.25 million - $1.55 million. Photo credit: CHRISTIE'S IMAGES LTD. 2012

Also among the top lots of the evening, as previously reported, are “The Clark Pink,” an extremely rare 9-carat pink diamond ring, and The Clark Diamond, a 20-carat D-color diamond ring. Both items are part of the sale from the estate of Huguette M. Clark, one of the last heiresses of America’s Gilded Age. Ms. Clark’s personal jewelry collection, which is believed to have been stored in a bank vault since the 1940s, includes signed Art Deco jewels by Cartier, Dreicer & Co. and Tiffany & Co. The complete collection of 17 jewels is expected to fetch up to $12 million.

A Colored Diamond Necklace, by Graff; Estimate $1.5 million - $2.5 million. Photo credit: CHRISTIE'S IMAGES LTD. 2012

The sale also includes a selection of signed jewels from the Estate of Lucille E. Davison, a prominent collector, philanthropist and long-time trustee of Saint Anselm College in New Hampshire. Her jewelry collection includes more than 40 signed jewels that represent the best in modern design, including several “mystery set” jewels by Van Cleef & Arpels, and a selection of bracelets and brooches conceived by the legendary designer Jean Schlumberger for Tiffany & Co. The total collection is estimated to reach $1 million. 

Cushion-cut Colombian emerald ear pendants of 26.03 and 25.32 cts. $1 million - $1.5 million. Photo credit: CHRISTIE'S IMAGES LTD. 2012

The April 17 sale is the first jewelry auction since the record-breaking $137.2 million jewelry sale of The Collection of Elizabeth Taylor in December—which served as the final note on a record $600 million in jewelry sales worldwide for the auction house that was “shaped by continuing demand for top colored and colorless diamonds with exceptional provenance,” said Rahul Kadakia, Head of Jewelry at Christie’s New York.

View all the major sale items by following this link.

From the Estate of Lucille E. Davison, a 'Mystery-Set' ruby and diamond “Pavot” flower brooch by Van Cleef & Arpels; Estimate $60,000 – 80,000. Photo credit: CHRISTIE'S IMAGES LTD. 2012

Napoleon’s Engagement Ring to Joséphine Sells for $948,000

The engagement ring that Napoleon Bonaparte gave to his future wife Joséphine in 1796 sold for more than $948,000 (not including commission and other fees) at auction in France on Sunday—shattering its high estimate of $20,000.

The gold ring, with an origin listed as 18th Century, is adorned with two pear-shaped stones (also described as “tear shaped” in media reports), a blue sapphire and diamond that rest side by side facing opposite directions. Each gem weighed one carat each, according to the auction house.

Bidding at the at the Osenat auction house in Fontainebleau opened at 10,000 euros but the first bid was for 50,000 euros and quickly went up to $130,000 euros, then pacing itself to $450,000. Several bouts of laughter were heard during the bidding as seen through the auction house’s live website. Right before the hammer fell at 630,000 euros someone pushed it to 640,000, which produced more laughter. After approximately 50 bids, the ring sold for 730,000 euros.

The sale was held Sunday to honor the 250th anniversary of Joséphine's birth, according to reports. The ring was described as modest by the auction house, purchased from someone who had not yet acquired great wealth and power. However, it gain a lot of international interest based on its historical significance.

Empress Joséphine was 32 years old, six years older than Napoleon, and a widow with a son and daughter at the time of their marriage on March 9, 1796, just before Napoleon departed for his Italian command, according to the auction house.

The ring is from the collection of Emperor Napoleon III and Empress Eugenie, according to the auction house. Napoleon III, the last monarch of France, was the nephew and heir of Napoleon. It was sold at Sunday’s auction of the “Collection of Prince Victor Napoleon and Princess Clementine of Belgium.”  

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