CARTIER DIAMOND BRACELET BREAKS THE HOUSE AT SOTHEBY’S
A 1927 Art Deco diamond and sapphire bracelet by Cartier, said to be “among the most important Art Deco pieces we’ve ever handled” by Sotheby’s, shattered its high pre-estimate of $3 million when it sold for $6.1 million in Geneva last week.
The bracelet has a 47.07-carat royal-blue Burmese sapphire center stone flanked by two white diamonds weighing 9.27 carats and 8.60 carats. It was bought by an Asian collector, realizing “one of the highest results for a bracelet at auction”, according to IDEX Online.
Other highlights included an emerald and diamond pendant/brooch combination, also by Cartier, which sold for $1,062,836 – more than four times its estimate. A white diamond weighing 78.29 carats raked in $2,929,870. All in all, Sotheby’s sold 80% of the lots it offered; 58% of the sold lots exceeding their high estimates.