Home / Knowledge / News / Fashion / Noble Jewels performs so well again - Sotheby's

Noble Jewels performs so well again - Sotheby's

May '10
In Geneva, Sotheby's Spring Sales of Magnificent and Noble Jewels concluded, bringing a sensational total of CHF59,995,700 / $53,976,331 / €42,411,883, a figure well above pre-sale expectations (est: CHF35.9-51.1 million / $32.4-46 million). All three sales sessions saw lively and competitive bidding across the board for top-quality jewels at all price levels - be it important coloured stones, white diamonds, glamorous signed pieces or jewels with historic and noble provenance. Collectors and jewellery lovers from all corners of the world were out in force, bringing overall sell through rates of 88% by lot and 97% by value. In addition more than 74% of the lots sold, achieved prices in excess of their high estimate. Exceptional results follow hot on the heels of the great success of the company's Jewellery sales in Hong Kong and New York last month and bring the total of Sotheby's worldwide sales of jewels this Spring to $147.7 million.

Important Stones:
In a sale series which saw a vast number of triumphs, the standout moment of the day came with the sale of the rare cushion-shaped fancy intense blue diamond weighing 7.64-carats and mounted as a ring. One of the most important diamonds of this colour grading and shape to appear on the market for many years, the stunning ring saw competition from at least three potential buyers before selling to an anonymous client for CHF8,930,500 / $8,034,503. This sets a new record price of $1,051,636 per for carat for a fancy intense blue diamond sold at auction.

A second blue diamond - a rare toi et moi ring by the much celebrated French jeweller, Alexandre Reza – was also the subject of a spirited bidding battle. Set with a spectacular 5.02-carat fancy vivid blue diamond and a exceptional white diamond of the same shape and weighing 5.42-carats, the immensely chic ring saw determined bidding from multiple
bidders and brought a final price of CHF7,026,500 / $6,321,531 – against the pre-sale estimate of CHF4.25-7.4 million / $4-7 million and establishing an auction record price for a jewel by the French jewellery maker.

The magnificent emerald-cut white diamond weighing 52.82-carats was the second highest selling lot of the day. This sold to an US dealer for CHF8,818,500 / $7,933,740 proving the strength of the market for exceptional white diamonds.

Commenting on the successful Spring sales David Bennett, Chairman, Europe & the Middle East, Sotheby's International Jewellery department, said: “An Outstanding results once again demonstrate the vibrancy and depth of the international jewellery market and the enormous appetite throughout the world for jewels and gemstones of the very best quality. Our pre-sale viewing in Geneva was among the busiest that we've staged in recent years and, the general interest and enthusiasm that we saw in all the worldwide locations where we exhibited highlights from the sale was extraordinary. The prices achieved tonight for the two blue diamonds and also the spectacular 52.82- carat white diamond were much deserved, as these were all gems of the highest quality and rarity and it was also heartening to see our fourth dedicated sale of Noble Jewels perform so well once again, exceeding the pre-sale estimate by a large margin. We are absolutely delighted with the results of sales, which have performed superbly well in every category.”

Sotheby's Holdings Inc

Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 2nd Aug 2021

Vietnam surpasses Bangladesh as 2nd biggest garment exporter: WTO

Bangladesh recently lost its rank as the second largest apparel...

Pic: Shutterstock

Textiles | On 2nd Aug 2021

Euro zone economy expands by 2% in Q2 2021: Eurostat

The 19-member euro zone financial system expanded by 2 per cent in...

Pic: Shutterstock

Textiles | On 2nd Aug 2021

US real GDP increases at annual rate of 6.5% in Q2 2021: BEA

US real gross domestic product (GDP) increased at an annual rate of...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Abdullah Mohammad Saad Hossain,

Abdullah Mohammad Saad Hossain

Saad Group is a leading vertically integrated textile group in Bangladesh. ...

Simone Morgante,

Simone Morgante

Based out of Como, Italy, and with technological expertise of nearly 70...

Meghavi Suthar,

Meghavi Suthar

Founded by NIFT graduate <b>Meghavi Suthar </b>in 2017, Kala is an...

Silverio Baranzano, Fitesa

Silverio Baranzano

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

July 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search