POST-SALE RELEASE | MAGNIFICENT JEWELS - Geneva, 13 May 2015

Geneva

JEWELLERY MARKET THRIVES IN GENEVA

CHRISTIE’S GENEVA MAGNIFICENT JEWELS SALE TOTALS $97 M

  • World auction record for a Kashmir sapphire
  • 138 buyers from 24 countries
  • Strong results for coloured gems and natural pearls
  • Intense competition on jewels by JAR

Geneva – On 13 May 2015, Christie’s auction of Magnificent Jewels fetched a total result of SFr.91,246,875 / US$97,515,535  / €86,666,281, selling 77% by lot and 81% by value.

The top lot of the sale was a rectangular-cut fancy vivid pink diamond ring of 5.18 carats, which sold for SFr.10,021,000 / $10,709,442 / €9,517,945 ($2,067,459 per carat).

A cushion-shaped Kashmir sapphire ring of 35.09 carats changed hands for SFr.6,885,000 / $7,357,999 / €6,539,373 ($209,689 per carat), establishing a world auction record for a Kashmir sapphire.

 Rahul Kadakia, International Head of Christie's Jewellery Department, declared: “The inexorable rise in demand for coloured gemstones and pearls continued this evening.  A 35.09 carat Kashmir sapphire established a new world record which equates to over $200,000 per carat. A single strand of natural pearls changed hands for $3.8 million and a 5.18 carat vivid pink diamond sold for $10.7 million. We now look forward to exciting sales in Paris, Hong Kong, London and New York during the next month.”

 

OVERALL 19 LOTS SOLD ABOVE $1 MILLION

                   TOP LOTS

 

The most valuable lot of Christie's Geneva auction of Magnificent Jewels was a rectangular-cut fancy vivid pink diamond ring of 5.18 carats, which sold for SFr.10,021,000 / $10,709,442 / €9,517,945 ($2,067,459 per carat; illustrated right).

A record-breaking cushion-shaped Kashmir sapphire ring of 35.09 carats fetched SFr.6,885,000 / $7,357,999 / €6,539,373 ($209,689 per carat), establishing a world auction record for a Kashmir sapphire (illustrated left).

International collectors fiercely bid on each of the four jewels by JAR which achieved a combined total of $1,714,195.

Royal Emeralds of India: a pair of antique Colombian emerald Indian bangles, circa 1900, sold for SFr.1,625,000 / $1,736,637 / €1,543,425 (illustrated below left)

 

About Christie’s

Founded in 1766, Christie’s is a world-leading art and luxury business. Renowned and trusted for its expert live and online auctions, as well as its bespoke private sales, Christie’s offers a full portfolio of global services to its clients, including art appraisal, art financing, international real estate and education. Christie’s has a physical presence in 46 countries, throughout the Americas, Europe, Middle East, and Asia Pacific, with flagship international sales hubs in New York, London, Hong Kong, Paris and Geneva. It also is the only international auction house authorized to hold sales in mainland China (Shanghai).

Christie’s auctions span more than 80 art and luxury categories, at price points ranging from $200 to over $100 million. In recent years, Christie’s has achieved the world record price for an artwork at auction (Leonardo da Vinci’s Salvador Mundi, 2017), for a single collection sale (the Collection of Peggy and David Rockefeller, 2018), and for a work by a living artist (Jeff Koons’ Rabbit, 2019).

Christie’s Private Sales offers a seamless service for buying and selling art, jewellery and watches outside of the auction calendar, working exclusively with Christie’s specialists at a client’s individual pace.

Recent innovations at Christie’s include the groundbreaking sale of the first NFT for a digital work of art ever offered at a major auction house (Beeple’s Everydays, March 2021), with the unprecedented acceptance of cryptocurrency as a means of payment. As an industry leader in digital innovation, Christie’s also continues to pioneer new technologies that are redefining the business of art, including the creation of viewing and bidding experiences that integrate augmented reality, global livestreaming, buy-now channels, and hybrid sales formats. 

Christie’s is dedicated to advancing responsible culture throughout its business and communities worldwide, including achieving sustainability through net zero carbon emissions by 2030, and actively using its platform in the art world to amplify under-represented voices and support positive change.

Browse, bid, discover, and join us for the best of art and luxury at: www.christies.com or by downloading Christie’s apps. The COVID-related re-opening status of our global locations is available here.