Sotheby's Exceeds $4 Million in Proceeds at Milan's Fine Jewels Auction

The recent Sotheby's Fine Jewels auction in Milan achieved outstanding results, with an Italian maison Sabbadini's diamond ring leading the way, surpassing its high estimate by more than double
Sotheby's Exceeds $4 Million in Proceeds at Milan's Fine Jewels Auction

The remarkable piece, adorned with a 9.38-carat, square emerald-shaped, F-color, SI1-clarity diamond, fetched EUR 190,500 ($201,753) at the Fine Jewels & Watches: Milan sale last week, far surpassing its estimated value of EUR 80,000 ($84,726).

In total, Sotheby's garnered EUR 4 million ($4.3 million) from the two-week-long auction, taking place from October 11 to 25.

Here are some of the other standout pieces from the event:

Another notable ring, featuring a step-cut Colombian emerald flanked by diamonds, achieved a remarkable EUR 165,100 ($174,853), more than tripling its estimated value of EUR 50,000 ($52,954).

A ring by Petochi, showcasing a cushion-shaped 3.58-carat Burmese ruby between step-cut diamond shoulders, sold for EUR 152,400 ($161,131), surpassing its anticipated upper estimate of EUR 150,000 ($158,594).

Sotheby's also successfully sold a Cusi ring with a cushion-shaped 3.93-carat Burmese ruby and epaulet-shaped diamonds for EUR 120,650 ($127,562), more than doubling its expected price tag of EUR 50,000 ($52,954).

A versatile jewel with a graduated flower design, featuring Colombian and Zambian step-cut emeralds and brilliant-cut and navette diamonds, could be worn as a bracelet, necklace, or detachable brooch, and it found a new owner within its estimated value at EUR 88,900 ($94,151).

Diamond World