Magnificent Jewels: The Fuchsia Rose, Which Sold for $6.7M, Leads A Good Week for Colored Gems - Objects of luxury

The sales of a 21.98-carat sapphire ring by Cartier and a 5.73-carat square cushion sapphire by Van Cleef & Arpels helped make the colored gem offerings a success.

Last April 13, Christie’s held a successful Magnificent Jewels sale which sold 95.7 percent of its overall lots (68 of the 71 lots on offer sold).

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The Christie’s New York Rockefeller Center headquarters auction garnered over $25.1 million, with “The Fuchsia Rose” as the top lot. Mounted on the headline piece’s platinum ring is an 8.82-carat fancy intense purple-pink diamond.

Smashing estimates

Embellishing the sides of the pink pear-shaped gem are two 6.1 carats of colorless diamonds. The Fuchsia Rose sold at $6.7 million—$700,000 more than its pre-auction estimate.

Other colored diamonds also performed well, such as a 2.44-carat pink diamond ring and a 15.31-carat vivid yellow diamond ring, which rang in $1.6 million and $1.3 million.  

There are plenty more precious stones that out-did Christie’s approximation. 

Van Cleef & Arpels’ ring embellished two square-shaped diamonds and a 5.73-carat square cushion sapphire.

There is the 10.47-carat pyramidal cabochon-cut Kashmir sapphire from 1950 (sold for $592,000 despite a $500,000 estimate) and a 25.03-carat diamond pendant by French jeweller Alexandre Reza (sold for $$239,400 or over double its $100,000 estimate). 

By heritage brands

At the same time, jewelry by heritage brands such as Cartier and Van Cleef & Arpels smashed their high estimates. A diamond and emerald ring with a 21.98-carat sapphire by Cartier, the French jeweler founded in 1847, sold for $365,400 to $215,400 more than expected.

Cartier’s Snow White and the Seven Dwarfs 14k yellow gold charm bracelet.

Another whimsy Cartier piece also smashed its estimate—a charm bracelet depicting Snow White and the Seven Dwarfs. The gems are attached to a 14k yellow gold bracelet, a product designed in 1937. It achieved $163,800 despite its $60,000 estimate. 

Van Cleef & Arpels’ sapphire ring achieved $478,800, well over its high estimate of $328,800.

Meanwhile, a ring with two square-shaped diamonds and a 5.73-carat square cushion sapphire by the 116-year-old brand Van Cleef & Arpels made $478,800—a massive $328,800 beyond its estimate. 

Banner photo from Christie’s.

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