08 Aug 2020
DiamondWorld Directory
Home |
News
Home
Sotheby’s Australia Dazzles with Record Result of $2.93 Million for a Jewels Auction in Australia
Strong demand for prestige gemstones and watches establishes a new Australian auction record for a jewels and watches sale, exceeding previous record set in 2011 by Sotheby’s Australia
By: Diamond World News Service
|
Aug 13 2018 11:09AM
|
Reference: 16567  

DecreaseIncrease
Platinum and 15.09 carat diamond ring.  Sold for $366,000 August 2018
Platinum and 15.09 carat diamond ring. Sold for $366,000 August 2018

Sotheby’s Australia’s auction of Important Jewels & Watches achieved $2.93 million, the highest ever total for a jewels and watches auction in Australia.  The record-setting sale was the first auction to be held in Sotheby’s Australia’s newly restored heritage building in Collins Street, Melbourne, and featured a superb selection of diamonds, coloured diamonds and precious gemstones, including magnificent pieces of signed jewels by the most celebrated international jewellers and watchmakers.  Demand for creations by Audemars Piguet, Bulgari, Cartier, David Webb, Emil Meister, Hublot, Patek Philippe, Rolex, and Tiffany & Co., saw many items sell above estimate, with 6 lots selling for over $100,000.

Geoffrey Smith, Chairman of Sotheby’s Australia commented: ‘An outstanding record result of $2.93 million for an Australian jewels and watches sale was achieved by Sotheby’s Australia last night in Melbourne.  The global appeal of diamonds was reasserted, with numerous pieces capturing the attention of international collectors, with a platinum and 15.09 carat diamond ring selling for $366,000 (estimate $300,000-400,000, lot 85, pictured previous).  Impressive gemstones generated fierce competition, with an 18ct bi-colour gold, 4.55 and 4.59 carat emerald and diamond earrings sold to a room bidder for $134,200 (estimate $110,000-150,000, lot 78, pictured top right).  Competitive bidding erupted for jewels and watches by the most established makers, including Bulgari, Cartier, David Webb, Patek Philippe, Rolex and Tiffany & Co.’

  • 83% sold by value and six lots realised over $100,000 including:
  • An Art Deco, platinum, sapphire and diamond bracelet, circa 1935, which achieved $366,000
  • A platinum and 15.09 carat diamond ring, sold for $366,000
  • Participants from over 15 countries contribute to Sotheby’s Australia’s highest ever sale result for jewels and watches
  • Platinum and 15.09 carat diamond ring. Sold for $366,000 August 2018

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
Kosher 23460
Advertisement
HouseAd_Trade Fair
Recent Issue
2020
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 26901
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 1077
GJEPC Chairman Interview
Views: 24023
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 31172
Promo for IJ Awards 2012 at NDTV Profit
Views: 45422
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 57712
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 18399
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 44108
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 42299
Advertisement
GIA_2020
Advertisement
Kosher 250300
Member of:
Supporter of: