Phenomenal Diamond Prices Highlight Fine Jewelry Auction

  • NEW YORK, New York
  • /
  • September 20, 2010

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A Platinum and Diamond Ring, containing an octagonal step cut diamond weighing approximately 15.20 carats and two baguette cut diamonds weighing approximately 0.75 carat total.
Leslie Hindman Auctioneers

Amid a crowded sale room with spirited telephone and online bidding, Leslie Hindman Auctioneers’ September 15 Fine Jewelry and Timepieces auction realized $1.56 million, with 92% of lots sold. Diamonds of important size and color led the sale, along with natural pearls and signed contemporary and vintage jewelry.

“We are experiencing an unprecedented period of growth in the history of our firm. As buyers around the world seek reliable material investments, we are capitalizing on the fine jewelry market to achieve extraordinary prices for our consignors,” said President and Auctioneer Leslie Hindman.

The highlight of the auction’s diamond selection, an octagonal step cut weighing approximately 15.20 carats set in platinum with baguettes, sold for $158,600 against an estimate of $30,000 to $50,000. A marquise cut weighing approximately 10.39 carats set in platinum sold for $109,800 against an estimate of $30,000 to $50,000. A yellow gold ring containing an oval brilliant cut diamond weighing approximately 3.62 carats with D color and VVS2 clarity brought $97,600. Prices for colored diamonds also exceeded expectations; irradiated green and yellow diamonds realized $56,120 and $43,920, respectively.

Other exceptional results included a pair of platinum and diamond “Snowflake” earclips by Van Cleef & Arpels, which sold for $36,600. A single strand graduated necklace containing mostly natural round and baroque pearls was offered at $800 to $1,200. Interest in large natural pearls drove the bidding to an astonishing $17,080.

“This auction saw record bidding on fine diamonds,” said Gemologist Alexander Eblen. “The sale’s most contested lots drew as many as 18 telephone bidders. We continually hear from high net worth clients that they are actively and deliberately putting money into jewelry as a tangible asset.”

Leslie Hindman Auctioneers’ next Fine Jewelry and Timepieces auction will be held December 15, 2010. Consignments are invited for upcoming auctions; contact Alexander Eblen at 312.334.4223 for more information.

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