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Christie’s Geneva auctions generate total revenues worth $110,189,044
The sales set many world records
By: Diamond World News Service
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May 18 2012 2:58PM
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Reference: 6969  

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Concluding its three auctions in Geneva, Christie's churned total combined revenues worth $110,189,044, which resulted as the highest sales total for a series of jewelry auctions at Christie's Geneva, reports say.

Of the auctions, Christie's Magnificent Jewels auction generated revenues worth $72,264,493. The top lot sold at the auction -an antique Indian emerald, diamond and enamel sarpech set a world record price for an Indian sarpech at auction, as it went down the hammer at $4,718,060. Other highlights of this sale included a pair of 16.21-carat and 15.67-carat, pear-shaped, D, VVS2, potentially IF diamond ear pendants by Harry Winston bought for $4,065,100 million. The sale achieved another world record price that of per carat price for a Burmese sapphire at auction -with the sale of a 47.15-carat octagonal-cut Burmese sapphire brooch for $77,500 per carat or a total of $3,649,580 to Laurence Graff. Rahul Kadakia, Head of Christie's New York and Geneva Jewellery Departments, commented: “World record prices were achieved all through the week as we completed the most valuable week of auctions at Christie’s Geneva. An Indian emerald sarpech achieved a sensational price after a 10 minute bidding-war in the saleroom between two determined bidders. Jewellery buyers from all over the world showed great depth as they bid at the highest levels for every rare jewel and gem at the sales”

From the sale of Jewels for Hope: The Collection of Mrs Lily Safra, which achieved revenues worth $37,924,551, the top lot sold was the Hope Ruby which sold for a record $6.5million (a world record price for a ruby at auction). The sale of a ruby Camellia brooch by JAR for $4,323240, set a world record price for a jewel by JAR at auction.

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