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  • Press release
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  • New York
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  • For immediate release
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  • 21 June 2017

RESULTS: Magnificent Jewels New York Totals $26,126,500 

WORLD AUCTION RECORD FOR AN EMERALD PER CARAT

AN EMERALD AND DIAMOND RING,

BY RAYMOND YARD

Set with an octagonal step-cut emerald of approximately 18.04 carats

ESTIMATE: $4,000,000-6,000,000

SOLD FOR: $5,511,500

The live auction of Magnificent Jewels, which took place on June 20 at Christie’s New York, totaled $26,126,500 with 83% sold by lot and 89% sold by value.

 The top lot of the sale was Lot 126. The Rockefeller Emerald, sold on behalf of a private American Collector, realized $5,511,500 setting a new world auction record per carat of $305,000 to famed jeweler Harry Winston. CFO Robert Scott was bidding in Christie’s Rockefeller Plaza saleroom with instructions from Harry Winston CEO Nayla Hayek to “bring this magnificent gem home at any price.” Following the sale, Nayla Hayek commented “Harry Winston is immensely proud to own the finest emerald in the world which once belonged to one of America’s most important dynasties.”

 Strong results were achieved above estimate for jewels from an important private collection of Louis Comfort Tiffany and Tiffany & Co. that had once been part of The Garden Museum Collection in Japan, including a green tourmaline, diamond and gold necklace (lot 139), a nephrite, amethyst and sapphire necklace (lot 155) and a multi-gem and vari-colored enamel pendant necklace featuring a large sapphire drop (lot 182). Stellar results were also realized from a group of Cartier Art Deco boxes and accessories, including Lot 35, along with an Exquisite Coral, Diamond and Pearl tiara, by Cartier.

 There is also still time to bid on Christie’s Jewels Online, running until Thursday June 22, offering a dynamic assortment of signed modern, vintage, and retro designs.

Tom Burstein, Christie’s US Head of Jewelry: “The historic Rockefeller Emerald and museum-level collections of Louis Comfort Tiffany and Cartier objects, formed the core of what was a truly a Magnificent Jewels auction.  The record prices achieved by the Rockefeller Emerald and Fancy Deep Grayish Bluish Green diamond coupled with competitive bidding for signed jewelry underscores the strength in the market for pieces of the highest quality.  Our jewelry team is proud to finish the first half on such a strong note and we look forward to the fall sales season.”

About Christie’s

Christie’s, the world's leading art business, had global auction, private and digital sales in 2018 that totalled £5.3 billion / $7 billion. Christie’s is a name and place that speaks of extraordinary art, unparalleled service and international expertise. Christie’s offers around 350 auctions annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $100 million. Christie's also has a long and successful history conducting private sales for its clients in all categories, with emphasis on Post-War & Contemporary, Impressionist & Modern, Old Masters and Jewellery.

Alongside regular sales online, Christie’s has a global presence in 46 countries, with 10 salerooms around the world including in London, New York, Paris, Geneva, Milan, Amsterdam, Dubai, Zürich, Hong Kong, and Shanghai.

*Please note when quoting estimates above that other fees will apply in addition to the hammer price - see Section D of the Conditions of Sale at the back of the sale catalogue.

*Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium and are reported net of applicable fees.