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SOTHEBY’S JEWELLERY DIVISION SUMS UP A REALLY GOOD YEAR

Sotheby’s Jewellery division has announced that its sales for 2017 totaled $551,300,000
Sotheby’s Hong Kong Magnificent Jewels and Jadeite Spring Sale
Credit: Sotheby's

Sotheby’s Jewellery division has announced that its sales for 2017 totaled $551,300,000, making it the world auction leader in this category.

 

Major highlights in 2017 included: world auction record for any diamond or gemstone, with “The CTF Pink Star” ($71.2 million in Hong Kong in April); and a world auction record for earrings, with “The Memory of Autumn Leaves” and “The Dream of Autumn Leaves” ($57.4 million, Geneva, May). All in all, Sotheby’s has sold 4 of the 5 most expensive jewels offered at auction during 2017. In addition, Sotheby’s said that 32% of buyers were new to Sotheby’s; and that 23% of lots were purchased online.

 

Pink Star Diamond
Credit: Sotheby’s

 

According to Sotheby’s, the Pink Star “is the largest Internally Flawless Fancy Vivid Pink diamond ever graded by the Geological Institute of America (GIA). “The extraordinary size of this 59.60-carat diamond, paired with its richness of colour, surpasses any known pink diamond record in history,” said David Bennett, worldwide Chairman of Sotheby’s Jewellery Division. The previous record for a pink diamond was held by the “Graff Pink”, a 24.78 carat stone sold for $46.2 million in 2010.



Tags: Diamonds News, Jewelry News, Diamond Industry News, Diamond Jewelry News, Sotheby's News

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