Whom You Know: Sotheby's NY / Magnificent Jewels Led by Most Valuable White Diamond to Appear in a NY Auction

Monday, March 25, 2013

Sotheby's NY / Magnificent Jewels Led by Most Valuable White Diamond to Appear in a NY Auction - 17 April

Sotheby’s spring auction of Magnificent Jewels on 17 April 2013 will offer 400 lots, together estimated in excess of $35 million. The centerpiece of the sale is an exceptional pear-shaped diamond of nearly 75 carats, estimated at $9/12 million*, which marks the most important white diamond ever to appear at auction in the Americas. The stone is one of very few pear-shaped diamonds of D color over 50 carats to be offered in recent decades – its remarkable size and pure color position it in the company of named diamonds such as the Star of the Season, 100.10 carats, sold by Sotheby’s in 1995 for a then-record-breaking $16.5 million.

Lisa Hubbard, Chairman, North & South America, Sotheby’s International Jewelry Division, commented: “This truly exceptional stone exemplifies the strength of the white diamond market over the last decade. It was acquired by the present owner in 2001 for $4.3 million, and today we have estimated it conservatively at $120,000 per carat. The stone has universal appeal, and we anticipate that it will draw attention from both the diamond industry and discerning private collectors alike.”

Lisa Hubbard continued: “Recognizing that the strength of the jewelry market at this moment lies in pieces that have emerged from private collections – most recently evidenced by the success of jewels owned by Mrs. Charles Wrightsman and Estée and Evelyn H. Lauder – we have curated the April auction to include a wealth of wonderful, fresh-to-the-market pieces, such as rare colored stones from the Gould family and iconic styles including Cartier’s ‘Tutti Frutti’ bracelet and panther brooch.”

Highlights from the sale will be on view in the Hong Kong Convention & Exhibition Center from 3–7 April before returning to New York for exhibition on 13 April, alongside a selection of pieces from the upcoming Geneva auction of Magnificent Jewels & Noble Jewels.

Sotheby’s New York

Magnificent Jewels

Auction 17 April 2013

* Property of a Private Collector

Exceptional Pear-Shaped Diamond

74.79 carats, D color, VVS1 clarity, potentially Internally Flawless, type IIa

Estimate $9/12 million

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