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Press Release - May 6, 2021
Flawless Diamonds Were a Buyer’s Best Friend in Heritage Auctions’ May 3 Jewelry EventAuction realized more than $2.9 million and featured a heated bidding war over a dazzling Tiffany & Co. brooch
Also among the event's top lots: an unmounted, marquise-shaped, 3.34 carat diamond. The GIA Type IIa diamond, absent any impurities, sold for $106,250 in the sale, more than $20,000 above its high estimate. A third GIA Type IIa diamond – pear-shaped and weighing 3.01 carats – realized $56,250.
It should come as no surprise these three gems were among the standouts in the event given the standard they set for buyers of singular stones. After all, says Jill Burgum, Senior Director of Fine Jewelry at Heritage Auctions, their extraordinary scarcity – they make up but 1-2% of all the known earth-grown diamonds – makes them highly coveted.
"And to offer three exceptionally rare Type IIa diamonds in one auction," she says, "was beyond exciting."
So, too, offered in the sale Monday was an emerald-cut fancy yellow diamond weighing 8.02 carats set in a platinum ring. The piece, featuring triangular-shaped diamonds weighing a total of approximately 1.00 carat, ended at $75,000. That's the same amount realized for a Wachler platinum ring featuring a round brilliant-cut diamond weighing 3.91 carats, surrounded by embedded square brilliant-cut diamonds weighing a total of approximately 0.90 carat. The latter's sale price was nearly twice its high estimate.
The brooch opened Monday at $23,000, at which point a bidding war ensued. And after more than two minutes of a heated back-and-forth between bidders on the phone and on HeritageLive!, the brooch sold for $62,500. That was nearly eight times its high pre-auction estimate.
Another brooch, this one an iconic and highly sought-after Lion's-paw-shell offering from Verdura, likewise exceeded estimates Monday when it realized $56,250, befitting a piece bejeweled with full-cut diamonds weighing a total of approximately 1.55 carats and sapphire cabochons.
David Webb shined in the Monday event, with several of his Animal Kingdom creatures selling above their pre-auction estimates. Among them a gold giraffe bracelet with full-cut diamonds weighing a total of approximately 2.30 carats with ruby cabochons realized $45,000, more than twice its low pre-sale estimate.
"The cornerstone of the auction was The Jewelry Collection of a Lady, which offered a broad spectrum of designer branded jewels," Burgum said. "We were honored to present this selection which elicited an exciting bidding frenzy."
Future auctions of fine jewelry include monthly Friday Night Jewels Online auctions, June 4 and July 9.
Consignments for the Sept. 27 Jewelry Signature Auction are welcomed by July 13. For more information, contact Burgum at 214-409-1697 or JillB@HA.com.
Heritage Auctions is the largest fine art and collectibles auction house founded in the United States, and the world's largest collectibles auctioneer. Heritage maintains offices in New York, Dallas, Beverly Hills, San Francisco, Chicago, Palm Beach, London, Paris, Geneva, Amsterdam and Hong Kong.
Heritage also enjoys the highest online traffic and dollar volume of any auction house on earth (source: SimilarWeb and Hiscox Report). The Internet's most popular auction-house website, HA.com, has more than 1,400,000 registered bidder-members and searchable free archives of five million past auction records with prices realized, descriptions and enlargeable photos. Reproduction rights routinely granted to media for photo credit.
Eric Bradley, Director, Public Relations
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