When it comes to auctions of rare gems and jewels, diamonds are definitely considered the highlight of the sale. The recent Fine Jewelry Sale held by Bonhams on September 22 in London is proof of this. The star attraction at this sale was an art deco diamond ring that fetched a cool £322,000 ($505,555), way over its pre-sale estimate of £150,000 ($235,170). The magnificent late art deco Asscher-cut diamond ring weighed 6.82 carats, is graded, D color and potentially flawless, and was also classified as type IIa (the most chemically pure type of diamond and possessed exceptional optical properties).
Besides the exquisite art deco ring, another item that fetched a sum way over its pre-sale estimate was a rare catalogue of Henry Philip Hope’s collection of pearls and precious stones. Published in 1839 and featuring details of the infamous Hope Diamond and Hope Pearl, this catalogue sold for £26,400 ($41,390), which is way over its pre sale estimate of £2000-3000 ($3,135- $4,703).
The top ten lots of this sale fetched prices way over their pre-sale estimates, bringing to attention the strength of the market as well as the current interest in antique 19th century jewelry.