13 Dec 2018
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18.04-carats Emerald-Cut Diamond Ring Sold For $828,500 At Bonhams
The second top performing lot was a diamond solitaire ring by Royal De Versailles. The round brilliant-cut diamond, weighing 7.01-carats, F colour, VS1 clarity, sold for $275,000, exceeding its pre-sale estimate of $180,000 - 250,000.
By: Diamond World News Service
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Dec 5 2018 11:51AM
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Reference: 16838  

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White diamonds and fancy coloured diamonds went under the hammer at Bonhams New York December Fine Jewelry sale this week (3 December 2018).

The top performing lot during the two-hour sale was an important diamond ring which sold for $828,500 against its estimate of $400,000-600,000.  Coming from a private collection, this was the first time the 18.04-carats emerald-cut diamond had come to auction.

Caroline Morrissey, Head of Sale, Bonhams Jewelry (U.S.), said: “We saw some fierce bidding for this magnificent diamond and are delighted with how well it performed.”

The second top performing lot was a diamond solitaire ring by Royal De Versailles. The round brilliant-cut diamond, weighing 7.01-carats, F colour, VS1 clarity, sold for $275,000, exceeding its pre-sale estimate of $180,000 - 250,000.

Other colourless diamonds which dazzled in the December sale included:

  • A diamond solitaire ring centering a pear-shaped brilliant-cut diamond, weighing 5.03-carats, D-colour, internally flawless clarity, Type IIa, which sold for $250,000.
  • A pair of heart-shaped diamond earrings, weighing 4.04 and 4.00-carats, G colour, VS2 and VS1 clarity respectively, sold for $112,500.
  • A diamond ring centering a round, brilliant-cut diamond, weighing 7.92-carats, G colour, sold for $150,000.

Staying with diamonds, buyers also competed for A Fancy Coloured Diamond and Diamond Ring. Centering a cushion-shaped Fancy Light Yellow diamond, VVS2 clarity, weighing 18.76-carats, this sold for $231,250 against its pre-sale estimate of $100,000 - 150,000.

Sapphire from historic Kashmir mine achieves five times its estimate

Demand for a historic Kashmir sapphire was high during the sale with buyers attracted to one particular lot, A Sapphire and Diamond Ring, dated circa 1900. Featuring a square cushion-shaped Kashmir sapphire, weighing 3.00-carats, this sold for $125,000 ($41,666 per carat) against its pre-sale estimate of $18,000 - 25,000.  The Kashmir has no indications of heat or clarity enhancement.

In addition to the Kashmir sapphire, Bonhams also offered a Ceylon (Sri Lanka) sapphire for sale.   The Sapphire and Diamond Ring by Oscar Heyman, the great American jeweller, features an oval-shaped sapphire, weighing 17.03-carats.  It sold for $106,250 against its pre-sale estimate of $60,000- 80,000. The sapphire has no indications of heat or clarity enhancement.

Jewellery from Art Deco and 1950s’ eras catch the eyes of buyers:

The sale also featured diamond jewellery dating from the Art Deco and post war periods including:

  • A Diamond Bracelet, dated circa 1950, which sold for $23,750. Made with exceptional craftsmanship and featuring a highly flexible geometric scroll design, the bracelet is a wonderful example from the 1950s’ flamboyant period.

An Art Deco Rock Crystal and Diamond Clip Brooch by Cartier: This clip, dated circa 1925, is a rare example of the traditional clip designs created in the Art Deco period.  It sold for $21,250.  Cartier clips are particularly sought after by collectors globally and have achieved strong prices in Bonhams sales around the world.

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