Sotheby’s New York created a “Roaring ’20s” theme for its upcoming Magnificent Jewels sale as a celebration to the opening up of the U.S. again after 15 months of closures due to the Coronavirus pandemic.
The 94 lots for the June 9 sale will include white and colored diamonds, Kashmir and Ceylon sapphires, Colombian emeralds and Burmese rubies set into iconic designs signed by heritage jewelry houses. And of course, a jewelry sale wouldn’t be complete without important signed pieces from jewelry houses that include Van Cleef & Arpels, Cartier and Bulgari, as well as René Boivin and Sterlé. Online bidding has already begun with Sotheby’s hybrid online and live auction formula it has been using in response to the pandemic.
The sale will be on public exhibition at Sotheby’s New York galleries from June 4 – 8 as part of Sotheby’s Luxury Week, a series of nine auctions spanning what the auction house says are “the fastest growing categories” in the luxury space.
The top lot of the sale is “The Sienna Star,” a 73.11-carat fancy vivid yellow diamond mounted on a ring with pavé diamonds and a flexible shank by the London-based contemporary jewelry house, G by Glenn Spiro. The cut-cornered square step-cut VS2 clarity gem is one of the largest fancy vivid yellow diamonds to ever come to auction, according to Sotheby’s. Its estimate is in the range of $3 million. As of Monday, the top bid is $2.2 million.
Six jewels from a private collection with an estimate exceeding $13 million are being sold to benefit an unnamed charitable foundation. The highlight is a Colombian emerald and diamond necklace by Harry Winston comprising of five emerald-cut emeralds that weigh a total of 116.73 carats. Its estimate is $1.5 million – $2.5 million. Other items in the collection include the following:
* A 13.02-carat Burmese ruby ring mounted by Carvin French with an estimate of $1 million – $2 million;
* A necklace by Andrew Clunn, set with 28 graduated oval-shaped diamonds totaling over 168 carats with an estimate of $2 million – $3 million;
* A 23.59-carat D Color, Internally Flawless, Type IIa diamond on a ring with an estimate of $1.8 million – $2.8 million; and
* A pair of D Color diamond pendants, weighing 27.01 and 29.84 carats an estimate of $1 million – $1.5 million and $1.2 million – $1.8 million.
Two statement sapphires are among the top lots of the sale. The first is a 25.29-carat unheated cushion-cut Kashmir sapphire mounted on a ring by Bulgari. Its estimate is $2 million – $3 million.
The second is a 168.16-carat cushion-cut unheated Ceylon sapphire that is the centerpiece of a pendant necklace. It’s framed with round diamonds and suspended from a surmount set with tapered baguette diamonds. Its estimate is $1.5 million – $2.5 million.
Other important colored gems in the sale include:
* A 3.75-carat fancy intense pink diamond mounted on a ring accented by triangle and round diamonds with an estimate of $1.5 million – $2.5 million.
* A 9.27-carat Colombian emerald mounted on a ring by Bulgari with an estimate of $500,000 – $700,000.
Signed jewels are an important part of the sale and pieces from Van Cleef & Arpels featuring the French jewelry house’s famed innovations range from a pink gold, pink sapphire and diamond “Zip Antique Udaipur” necklace-bracelet combination with an estimate of $250,000 – $350,000; to several “mystery-set” jewels with estimates from $100,000 to $300,000.
Meanwhile, important jewels by Cartier in the 1920s and 1930s include a necklace with collet-set Old European-cut diamonds (estimate: $300,000 – $500,000), and a bracelet, set with Old European, single-cut and emerald-cut diamonds (estimate: $200,000 – $300,000).
Another important Bulgari piece in the sale is a “Serpenti” bracelet watch made of gold with applied with translucent pink enamel, eyes set with pear-shaped diamonds, and the mouth opening to reveal a circular dial by Jaeger LeCoultre. Its estimate is $120,000 – $150,000.
Immediately following the Magnificent Jewels sale, online bidding will open for the single-lot auction of a 50.03-carat G color round diamond, offered with no reserve.