Christie’s Magnificent Jewels Auction in New York Raises $65.8M

The 52.58-carat Golconda diamond sold for $10.9 million.

(IDEX Online News) – The Christie’s Magnificent Jewels auction in New York on December 10 concluded the firm’s 2013 jewelry auction season with sales of $65,790,125.

The 495-lot auction was 86 percent sold by lot and 92 percent by value.

A 52.58-carat D-color Internally Flawless Golconda diamond was bought for $10.9 million, while a diamond jewelry collection – Property of an Elegant Lady, by Lev Leviev, was sold for $10.2 million

The results of the December sale, together with the New York jewelry auctions in April, and October, brings the 2013 New York Magnificent Jewels total to $193,823,950.

Rahul Kadakia, Head of Jewelry for Christie’s Americas and Switzerland, stated: “Beginning with the historic sale of The Princie Diamond this April and culminating with the 52.58 carat D-color Internally Flawless Golconda diamond sold in New York, 2013 has been a stellar year for jewelry at Christie’s New York.

“From start to finish, prices for superb diamonds, natural pearls, and rare jewels have soared beyond their estimates, driven by intense competition from collectors worldwide.”