Why Christie’s continues to lead the market in gems and jewels

International Head of Jewellery Rahul Kadakia looks at the stunning growth in sales in recent years and explains why now is the time to sell with Christie’s

In little more than a decade, Christie’s Jewellery sales have grown from $200 million in 1996 to over $700 million in 2014, bolstered by the auctions of illustrious collections, including those of Princess Margaret and Betsy Bloomingdale, and pieces boasting extraordinary provenance, such as the Rockefeller Emerald.

‘Christie’s role in the world of jewellery is to source the finest gems and jewels from all around the world and to educate our collectors to buy the best that they can buy,’ explains Rahul Kadakia, International Head of Jewellery at Christie’s.

‘World record prices are achieved in almost every one of our auctions’ — Rahul Kadakia, International Head of Jewellery at Christie’s

Kadakia points to specific sales in recent years at key hubs in Geneva, Hong Kong and New York, noting in particular the Jubilee Ruby, a 15-carat ruby and diamond ring, which realised almost $13 million; a Belle Epoque diamond necklace by Cartier, which sold for an ‘astronomical’ $1.6 million; and a major purchase by Harry Winston of a 3.98-carat Fancy Vivid Blue diamond ring at $8.8 million. The latter was in addition to the aforementioned Rockefeller Emerald, which sold for $5.5 million in the spring of this year, breaking the world record price-per-carat for an emerald at auction.

Next up are the 13-14 November sales in Geneva, Beyond Boundaries: Magnificent Jewels from a European Collection, and Magnificent Jewels, providing an opportunity for collectors to obtain outstanding pieces from private owners, as well as an array of diamonds, rubies, emeralds, sapphires and other gems of the finest quality.