• 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

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.