Fine jewelry auction shows market poised for strong comeback

NEW YORK – Bonhams’ April 19, 2012 jewelry auction grossed an unexpected $4.5 million, boosting the firm’s outlook for the rest of the year. Energized bidding came from a full auction room, active phone participation and a tremendous presence on the Internet, reaching a large base of international clients.

Ernesto Pierret coral braceletThis Etruscan Revival coral and eighteen karat gold bracelet by Ernesto Pierret, circa 1870, sold for $8,125 including premium, at Bonhams April 19, 2012 fine jewelry auction.

“The market is on the rise!” agreed Susan Abeles, head of jewelry, and Virginia Salem, G.G., director of New York Jewelry. “We were thrilled to see some of our seasoned, experienced collectors return to the auction room after several years, as well as, eager new buyers. The success of this sale is evidence of a rejuvenated desire to buy jewelry.”

Strong prices were claimed for diamond solitaire rings, taking six of the top ten lots of the auction. Leading the charge was a 14.82 carat diamond solitaire ring, with triangular cut shoulders and a plain mount selling for $482,500. Following was a 20.59 carat cut-cornered rectangular-cut diamond solitaire claiming $254,500. Other top diamond solitaire lots include: 4.42 cut-cornered rectangular-cut diamond solitaire ring selling for $116,500; an 8.46 marquise-cut diamond solitaire ring selling for $88,900; and 7.10 carat European-cut diamond solitaire selling for $60,000.

vintage LaLaounis necklaceThis LaLaounis sodalite and 18 karat gold necklace brought $10,000, plus premium, at Bonhams auction.

Fine gemstones drew the attention of several bidders; one in particular was a whimsical purple sapphire, amethyst and diamond Cartier brooch designed as a turtle. This charming statement piece claimed an impressive $68,500.

There was a renaissance of appreciation for estate jewelry as witnessed during active bidding for a circa 1910 belle époque yellow topaz and diamond necklace.

This stunning piece from a Massachusetts collector sold for $15,625, double the pre-sale estimate of $5,000-7,000. Another impressive performer was another belle époque diamond necklace circa 1910 selling for $15,000.

The auction grossed a total of $4,585,400. For full auction results please visit the auction catalog at Bonhams.com.

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