Bonham Jewelry auction claimed three World Records!
Saturday 5, December Bonhams’ last sale of the year claimed three world records. Jewelry from brands like Cartier and others like Kashmir Sapphire were put up on the auction. The auction was rapt and the jewelry attracted many from across the world. The designs in Bonham’s' jewelry auction were unique with high quality gemstones
Bonhams’ Fine Jewelry Auction on December 5,claimed three world records. The sales included jewelry from renowned designers that includes Cartier and Van Cleef &Arpels, along with a pair of Kashmir sapphires that belonged to European princess.
Many other gemstones like a fancy grayish blue ,2.97 carats step cut diamond, set in a ring designed by the society jeweler Andrew Grima were in the auction. The piece helped Grima creations to brag a new world record with an earning of £1.5m against its pre estimate sales of £500,000 to £700,000.
Another ostentatious property of an anonymous European princess, a pair of late 19th Century earrings set with two cushion-cut 7.92-carats and 7.96-carats Kashmir sapphires earned £1.5m against its pre-sale estimate of £500,000 to £800,000.
Jean Ghika, Director of Jewelry for UK and Europe at Bonhams said, “ These lots attracted interest from across the globe because of their superior quality and rarity. The prices attained reflects the market inclination towards the colored gemstones.”
Rubies from Burma and Madagascar also touched new records in earnings. A 10.28 carats Madagascan Ruby single stoned ring sold for £236,500, setting a new world record. The auction yield £6.79 m, with 88% of lots sold by value.