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Leibish & Co
Tuesday, March 26, 2013
Sotheby’s to Offer 75-Carat Diamond with $12 Million Price Tag
The centerpiece of Sotheby’s New York Magnificent Jewels sale on April 17 will be a 75-carat pear-shaped, D-color diamond that the auction house says it is “the most important white diamond ever to appear at auction in the Americas.” It is estimated to sell for $9 million to $12 million.
The spring auction will offer 400 lots of jewelry, gemstones and pearls with an estimated sale value of more than $35 million. Among the other offerings are the following:
* Fancy pink diamond and diamond pendant ear clips. The pear-shaped pendants weigh 5.79 and 5.68 carats. Its estimate is $3.5 million to $4.5 million
* From the Estate of Lynn Wolfson, a square emerald-cut diamond ring with a 21.46-carat, D color, Internally Flawless, type IIa diamond. Its estimate is $2.5 to $3.5 million.
Six jewels from the family of financier and railroad magnate Jay Gould acquired in the first half of the 20th Century. Among the items: . * From the Estate of Sarah Cantine Shrady Gould and Thence by Descent, an emerald and diamond brooch featuring a 22.48-carat, Classic Colombian emerald. Estimate $400,000 - $600,000.
* From the Estate of Florence Bacon Gould Sturgeon and Thence by Descent, an emerald and diamond ring with a 15.23-carat Classic Colombian emerald, circa 1930. Estimate $750,000 - $1 million.
Other highlights of the sale include:
* From a distinguished European collection, a carved colored stone, diamond and pearl “Tutti Frutti” Bracelet by Cartier. Estimate $300,000 - $500,000.
* Formerly from the collection of Katharine Dexter McCormick, a ruby and diamond ring featuring a 4.36-carat, classic Burmese ruby, circa 1900. Estimate $400,000 - $600,000
* From the Estate of Micheline Muselli Lerner, a diamond Rivière Necklace by Van Cleef & Arpels. Estimate $125000 - 175,000
* A diamond, onyx and emerald panther brooch by Cartier. Estimate $150,000 - $250,000
Highlights from the sale will be on view in the Hong Kong Convention & Exhibition Center April 3 – 7 before returning to New York for exhibition on April 13, alongside a selection of pieces from the upcoming Geneva auction of Magnificent Jewels & Noble Jewels.
This blog is for those who are passionate about jewelry and watches and want to learn more about the industry. It's a place to find the best new products from all over the world and the latest news about the business of jewelry, watches and luxury. Readers gain a backstage pass to the glamour, fun and difficulties of the industry.
I am a freelance writer and editor who covers the luxury jewelry and watch industry for several publications, including Forbes.com the Financial Times, Hong Kong-based JewelleryNetAsiaand the Italian jewelry magazine, VO+. In addition, I have my own blog covering the jewelry and watch industry, Jewelry News Network.