Spectacular 17-Carat Diamond Solitaire Ring Achieves $1,447,500 At Bonhams New York

AddThis Social Bookmark Button

An important diamond solitaire ring, weighing 17.97 carats realized $1,447,500 at the Fine Jewelry auction at Bonhams on Dec. 6 in New York, NY. The sale, which featured a strong group of sapphires and emeralds made a total of $6,381,000.00.

Anticipation had been building for the moment when auctioneer Matthew Girling, Global CEO and Group Jewelry Director opened the bidding on the last lot of the sale, the 17.97 carat rectangular step-cut diamond solitaire ring.

Estimated at $1,000,000-1,500,000, the platinum-mounted diamond - D color, VS1 clarity, Type IIa - attracted prospective buyers from around the world. After frenzied bidding, it was finally hammered down to a United States buyer on the phone.

Susan Abeles, Director of Jewelry, Bonhams US, commented, “The success of the entire sale, including this top lot, illustrates the buoyancy of the Jewelry market.  I am delighted at this exceptional result.”

Additional diamond highlights in the 171-lot sale include:

A 6.00 carats diamond solitaire ring sold for $211,500 (estimate: 75,000-125,000)

A 11.93 carats diamond solitaire ring reached $181,250 (estimate: $50,000-70,000)

A 5.19 carats diamond ring fetched $131,250 (estimate: $125,000-150,000)

STRONG SHOWING BY SAPPHIRES

A sapphire and diamond ring, Shreve & Co. achieved $931,500

Bonhams also made waves with a rich blue Kashmir sapphire and diamond ring by Shreve & Co. dating from the 1900s, the cushion mixed-cut 7.12 carats gem sold for $931,500, hurdling past its estimate of $70,000-90,000. Susan Abeles, Director of Jewelry, Bonhams US, adds: “Fine and rare Kashmir sapphires typically display a velvety quality unique to the region as exemplified in this turn of the century example. They are among the most highly prized gems for serious collectors given their extreme rarity.”

A cushion modified mixed-cut sapphire weighing 27.49 carats, flanked by 4.95 carats diamonds reached $175,000 (estimate: $100,000-150,000). In addition, a sapphire and diamond pendant necklace belonging to a royal family – featuring an oval mixed-cut sapphire, weighing 25.26 carats – made $143,750 against an estimate of $80,000-120,000.

In the moments after the climatic and energetic sale, Abeles commented “The collection of property offered in this sale was beautiful; prices were strong for colored gemstones and diamonds. I am thrilled at the opportunity to offer this to our international community.”

Bonhams sells more jewelry lots each year than any other international house and has more dedicated jewelry auctions annually. Bonhams Californian Jewels sale takes place on 13 December 2016 and the next New York Fine Jewelry sale will take place in April 2017. Check back for a confirmed date.

Bonhams Fine Jewelry is also on Instagram on @BonhamsJewels.

ABOUT BONHAMS INTERNATIONAL AUCTIONEERS

Bonhams, founded in 1793, is one of the world's largest auctioneers of fine art and antiques. Today, the auction house offers more sales than any of its rivals. The main salerooms are in London, New York and Hong Kong. Sales are also held in the UK in Knightsbridge and Edinburgh; in the U.S., in San Francisco and Los Angeles; in Europe, in Paris and Stuttgart and in Sydney, Australia. Bonhams also has a worldwide network of offices and regional representatives in 25 countries offering sales advice and valuation services in 60 specialist areas. For a full listing of forthcoming sales, plus details of Bonhams specialist departments, please visit www.bonhams.com.

Haute Tease

  • Beltway Insider: Trump Implodes; UK/Russia; Parkland Killer/Student WalkOut; Matt Damon; Stephen Hawking

    AddThis Social Bookmark Button

    The ENOUGH Movement, birthed from the Marjory Douglas Stoneman High School Massacre, organized a National Walkout across America, in every city as they dedicated themselves to ending gun violence in our schools and remembering those senselessly killed.

     
  • Beltway Insider: Easter Sunday Massacre, Mueller Report, Notre Dame Fire/Yellow Vests, Pope Francis

    AddThis Social Bookmark Button

    The peace of Easter Sunday, in the island nation of Sri Lanka, was shattered by eight coordinated explosions in three separate cities that targeted both churches and luxury hotels leaving more than 200 dead and 600 injured.

     
  • Beltway Insider: Trump Reverses Cuba; HealthCare On Floor; Brits Bowed; Grenfell Towers; Simon Cowell

    AddThis Social Bookmark Button

    President Donald Trump and Vice President Mike Pence continued to realign the United States position taking on two policies the former administration worked to secure for the American people: Healthcare and Cuban travel restriction.

     
  • Election 2020: New National Poll Shows Biden, Sanders, O’Rourke and Castro Hold Highest Favorability Among Latino Voters

    AddThis Social Bookmark Button

    Less than 10 months before the 2020 primaries and caucuses begin, the National Association of Latino Elected and Appointed Officials (NALEO) Educational Fund and Latino Decisions today released the results of a new national poll of Latino registered voters.

     
  • The Annual NYC “Join The Voices! Run/Walk” in Central Park

    AddThis Social Bookmark Button

    Voices Against Brain Cancer, in partnership with New York Road Runners, will host its annual “Join the Voices! Run/Walk” on Sunday, December 2, 2012 in Central Park, New York at 8:15am.

     
  • Money News: 10 Better Investments Than a Savings Account

    AddThis Social Bookmark Button

    Opening a savings account is one of the first steps toward reaching a financial goal—they're ideal for building a nest egg and financial discipline. But it’s not the right place to put your money if you’re looking for high returns, especially in today's low-rate environment.

     
  • Five Dead in East River Helicopter Crash

    AddThis Social Bookmark Button

    All five passengers aboard a helicopter charter died Sunday after the pilot, who managed to escape the sinking vessel, radioed a Mayday message indicating engine failure moments before the chopper fell into Manhattan's East River trapping those aboard.

     
  • Jupiter’s Red Hurricane is Disappearing; Hit by Growing Renegade Planet

    AddThis Social Bookmark Button

    Jupiter's iconic imagery is changing, much to the disappointment of scientists around the world that have studied the third planet from the sun for hundreds of years, as its most prominent feature, the "Great Red Spot" shrinks.

     
  • Beltway Insider: Trump/Texas; Hurricane Harvey; Death/Destruction; Refineries/Explosions; North Korea

    AddThis Social Bookmark Button

    President Trump and First Lady visited storm ravaged Houston this week, meeting with Texas Governor Greg Abbott, visiting shelters and pledging an immediate assistance package until a full disaster aid package can be prepared and passed by congress.

     
  • Come Down Molly Review – A Beautiful Day with Friends

    AddThis Social Bookmark Button

    Come Down Molly, from Florida Pictures, brings to the screen a coming of age film for a group of twenty something friends enjoying the last days of youthful, commitment free, indulgences as slowly, one by one, they are challenged by life's expectations.

     
  • Election 2020: Steyer’s Strong Stance on Race, Economy, and Climate Define New Hampshire Debate

    AddThis Social Bookmark Button

    Democratic presidential candidate Tom Steyer took the debate stage in Manchester, NH to make the case that he is the best candidate to build a broad and diverse coalition of Americans to beat Trump in November.

     
  • Election 2020: Biden, Sanders, Buttigieg Lead Crowded Field in April Poll

    AddThis Social Bookmark Button

    The April poll by the Saint Anselm College Survey Center at the New Hampshire Institute of Politics (NHIOP) includes the Survey Center's first ballot test of the 2020 presidential primary, as well as name recognition and favorability of the candidates.

     
  • Beltway Insider: Obama/State of the Union, US/Iran, ISIS Strikes; Election 2016, Penn/El Chapo

    AddThis Social Bookmark Button

    President Barack Obama presented the annual State of the Union Speech highlighting both domestic and international issues that have elevated themselves, through success or catastrophe, to become part of a global conversation, agenda and challenge.

     
  • UK Elections: Voter’s Reinforce Concern Over Direction Shocking Parties With Near Tory Upset

    AddThis Social Bookmark Button

    Prime Minster Theresa May put on a brave face as she addressed the media after the snap vote delivered a shocking surprise that now has pundits on both sides of the pond debating the effectiveness of Britain’s first female Prime Minster.

     
  • The Harringtons Announce Tour Dates; New Release “Change is Gonna Come”

    AddThis Social Bookmark Button

    After Monday's atrocities in our hometown we decided it was only right to take the day off and pay our respects to all the victims who lost their lives attending a concert and doing nothing more than showing their love of music.