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Christie’s Geneva Magnificent Jewels sale creates highest total revenue achieved
The Blue Belle of Asia sells as the top lot to Laurence Graff
By: Diamond World News Service
Nov 12 2014 6:41PM
Reference: 10816  

The Blue Belle of Asia
The Blue Belle of Asia
Christie’s Geneva sale of Magnificent Jewels held on 11th November achieved various records including the highest total achieved for any Magnificent Jewels sale in the world. The sale generated revenues worth US$150,216,738 and this revenue combined with the Patek Philippe 175 and the Important Watches sale, concludes Christie’s 2014 autumn sale week with a grand total of US$185,011,232, the highest total since the first Christie’s auction in Geneva in 1969.

The sale recorded 54 percent of the jewels selling above their pre-sale estimate, 31 jewels selling above SFr.1M, six jewels above SFr. 5M and two jewels above SFr. 10M.

Rahul Kadakia, International Head of Christie’s Jewellery Department: “Christie’s Geneva welcomed over 600 registrants to the sale from over 30 countries. We are extremely proud that the Blue Belle of Asia established a new world record for any sapphire sold at auction for US$17,295,796. The JAR “Parrot Tulip” bangle bracelet realised US$3,595,853 and established the second highest price for a creation by JAR. Jewels from major collections also realised exceptional prices such as the Art Deco natural pearl and diamond necklace from the private collection of the Baroness Edouard de Rothschild which sold for US$5,195,369.”

The Blue Belle of Asia, The Blue Belle of Asia, a cushion-shaped Ceylon sapphire of 392.52 carats and diamond necklace was bought by a private collector for US$17,295,796. It sold as the top lot and set a new world record price for any sapphire sold at auction. The second top lot was bought by Laurence Graff - a pair of coloured diamond ear pendants set with a pear-shaped fancy vivid blue SI2 diamond of 6.95 carats and a pear-shaped fancy vivid pink VS2 diamond of 6.79 carats. The remainder of the top lots included a kite brilliant-cut fancy pink VS1 diamond ring of 15.62 carats, The Queen of Burma which is an oval-shaped Burmese ruby ring of 23.66 carats, by Cartier, a pear-shaped and brilliant-cut diamond necklace suspending a flawless D colour pear-shaped diamond of 20.20 carats, an Art Deco natural pearl and diamond necklace, a coloured diamond necklace with five yellow cushion-shaped diamonds of 53.09, 35.58, 34.13, 17.25 and 17.17 cts, a pear-shaped light pink VVS1 diamond of 40.48 cts, a gold diamond and green garnet “Parrot Tulip” bangle, by JAR and finally a pair of natural pearl and diamond ear pendants of 104.31 and 101.57 grains.

The sale also offered The Cartier Tigers formerly in the collection of the Duchess of Windsor, which sold for US$3,138,848. The consignor Sarah Brightman intends to offer a portion of the proceeds from the sale to The Andrew Lloyd Webber Foundation. Empress Eugenie’s Feuilles De Groseillier brooch once part of the French Crown Jewels sold for US$2,330,929.

“Over the past three days, Geneva was once again in the spotlight, starting with the commemorative Patek Philippe 175 sale and concluding with a $150 million jewellery sale in which nearly all lots found a buyer. Collectors from China, America, the Middle East and all over Europe remained either in the saleroom, or on the telephone until 11.00 pm to acquire important and historical jewels as well as extremely rare precious stones that are rarely seen on the market” said François Curiel, International Head of Luxury.

The top lots of the Patek Philippe 175 sale include Patek Philippe Reference 2499 - first series – an 18K pink gold perpetual calendar chronograph wristwatch with moon phases, manufactured in 1951, sold for SFr. 2,629,000. The Patek Philippe Reference 2523 an 18K gold two crown world time wristwatch, manufactured in 1953 sold for SFr. 2,225,000. The Patek Philippe Reference 2497, an 18K white gold perpetual calendar wristwatch manufactured in 1953 sold for SFr..2,045,000 and achieved a world auction record for the reference. John Reardon, International Head of Christie’s Watch department, stated the sale exceeded expectations, and that it “sets a new benchmark for thematic sales and shows the amazing strength of the Patek Philippe market.” At the Important Watch sale, the Breguet No 1135. Was bought for SFr. 605,000 by the Breguet Museum, The Patek Philippe Reference 5016/1 - an 18K white gold wristwatch manufactured in 2010, sold for SFr. 713,000 and the Rolex Reference 6263 - a stainless steel chronograph wristwatch with black non-oyster sotto Paul Newman dial, was bought for SFr.461,000. Sabine Kegel, Head of Important Watch sale commented: “Throughout the day of the Important Watches sale, over 600 watch connoisseurs registered to become the new owners of one of these exceptional watches. The team was especially proud of the result achieved for the Breguet No. 1135, which sold for SFr.605,000, three times its presale estimate to The Breguet Museum.”
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