24 Aug 2019
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Sotheby’s New York sells 100.20-carat ‘Perfect Diamond’ at Magnificent Jewels sale
Also establishes a record total for a jewellery auction
By: Diamond World News Service
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Apr 24 2015 5:40PM
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Reference: 11411  

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Sotheby’s New York concluded its Magnificent Jewels sale with exceptional results in its total revenues earned as well as the lots sold. The auction house churned a record total for a jewellery auction at its New York salesroom, as its revenues valued a total of $65.1 million. The auction included a 100.20-carat ‘Perfect Diamond’ in a classic Emerald-cut characterized as D Color, Internally Flawless, Type IIa, selling for $22.1 million. This result garners several superlatives for the D color, Internally Flawless, type IIa stone: it marks the largest perfect diamond with a classic Emerald-cut ever sold at auction; the first 100+ carat perfect diamond sold at auction in New York; and the highest price for any colorless diamond auctioned in New York.

Lisa Hubbard, Chairman, North & South America, Sotheby’s International Jewelry Division, commented: “This diamond is exceptional in every sense of the word, and we were thrilled to see it achieve such a strong result. The stone captivated people around the world throughout our extensive travels this spring, but it was a particular privilege to offer it at our New York headquarters. Including today’s result, only six perfect diamonds weighing over 100 carats have sold at auction in the last 25 years – a testament to the incredible rarity of these stones. Sotheby’s sold five of those spectacular diamonds, including sales in Geneva, Hong Kong, and now New York.”

Amongst other lots sold were - Property of a prominent collector, a Magnificent Platinum and Diamond Ring of an oval-shaped diamond of 22.30 carats, D color, Internally Flawless, type IIa sold to an online bidder for $3.3 million . A Magnificent Platinum, 18 Karat Gold, Fancy Purplish Pink Diamond and Sapphire Ring - a beautiful color combination of an unmodified pear-shaped Fancy Purplish Pink diamond weighing 6.24 carats, set in a unique mounting with two cushion-cut Kashmir sapphires sold for $2.4 million. Amongst the pieces from celebrated provenance was a The Baron de Rothschild Necklace - an Elegant and Rare Platinum, Emerald, Sapphire, Lapis Lazuli and Diamond Pendant-Necklace Designed by Charles Jacqueau for Cartier, Paris, circa 1924 which Sold for $2.6 million / CHF 62.5 million / HK$20.2 million. This Mughal Empire-style necklace was exhibited recently at the Denver Art Museum exhibition ‘Brilliant: Cartier in the 20th Century’. An 18 Karat Gold, Platinum, Kashmir Sapphire and Diamond Brooch Schlumberger for Tiffany & Co., France - designed as a stylized flower, this brooch dating from the 1960s and set with a sapphire of approximately 17 carats, was formerly in the collection of Mrs. Paul Mellon was sold to an online bidder for $1 million. From the Estate of Mary Lily Kenan Flagler, Thence by Descent The Flagler Emerald - an Important Platinum, Emerald and Diamond Pendant – a 35.02 carat Classic Colombian emerald jewel belonged to the wife of American industrialist Henry Flagler sold for $2.8 million. A Platinum, Kashmir Sapphire and Diamond Ring - Cartier, New York, circa 1915 was sold to an online bidder for $1.9 million.

Gary Schuler, Head of Sotheby’s Jewelry Department in New York, said: “It was encouraging to see the impact of private collectors throughout the day, including at the highest end of our sale: eight of our top ten pieces were purchased by private individuals. Our strong results spanned each of the categories that have driven the auction market in recent seasons: top-quality diamonds and gemstones, signed and historic jewels, and pieces with notable provenance. Online bidding and buying also contributed heavily to our record total, including the second-highest price of the day: $3.3 million for a magnificent 22.30 carat DIF diamond ring.”

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