35-Carat Graff Diamond Fetches $3.2 Million At Sotheby's New York Sale

Forbes

21 hours ago

35.01-Carat Graff diamond ring fetches $3.2 million at Sotheby's New York High Jewels auction
Diamonds, rare colored gems and signed jewels from important private collections fueled Sotheby's High Jewelry auction in New York on Friday. The top lot of the sale, as expected based on pre-sale estimates, is a 35.01-carat emerald cut diamond on a ring from Graff with D color and VVS2 clarity. It fetched $3.2 million, just above its high estimate
The Graff gem is one 13 jewels from a private collection, 'Joie de Vivrea: Journey in Jewels,' a bejeweled documentation of a lifelong love affair. Each piece was a gift from a devoted husband to his wife over the course of a marriage spanning more than 60 years. The collection of approximately 11 jewels—including pieces by Graff and David Webb—achieved $4.9 million.
A Marcus and Co. ruby and diamond sautoir sold for more than $1.8 million
The number two lot of the sale was a ruby and diamond sautoir, circa 1915, by important American retailer, Marcus & Co. (1892 – 1962). The drop-shaped pendant features a 9.60-carat cushion-cut unheated Burmese ruby, within a surround of old European-cut diamonds, framed and topped by caliber-cut rubies. The chain is set at intervals with old European-cut diamonds with the openworked clasp set with pear-shaped, old European- and single-cut diamonds. It sold for more than $1.8 million.
The sautoir was one of four jewels from the collection of Emily Vanderbilt Wade, the daughter of William Henry Vanderbilt, III, former governor of Rhode Island, and the great-granddaughter of Cornelius Vanderbilt. The Wades and Vanderbilts are two storied American families credited by many with shaping the American industrial, cultural and philanthropic landscape.
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2.02-carat fancy vivid blue diamond ring sold for $1.75 million
The next lot was a 2.02-carat modified rectangular mixed-cut fancy vivid blue diamond with VS2 clarity on a ring that sold for more than $1.75 million.
JAR ring with an 8.63-carat emerald and diamond pavé. It fetched $1.6 million
The number four lot is an emerald and diamond ring by JAR. The shank of the platinum and 18k gold ring is paved with single-cut diamonds. The ring is centered with an 8.62-carat square emerald-cut Colombian emerald with 'insignificant' and 'traditional' clarity enhancements, according to the report by the American Gemological Laboratories. It fetched $1.6 million, more than double its high estimate.
The sale of 104 lots totaled $31.4 million with 95% of the lots sold and 65% of the lots surpassing their pre-sale estimates, Sotheby's said in a statement. The top eight lot sold for more than $1 million. More than half of the lots were sold to online bidders.
'Today's top prices were dominated by exceptional stones of extraordinary color,' Quig Bruning, head of Sotheby's Jewels, Americas & EMEA, said in a statement. 'It's also encouraging to see that the very best white diamonds remain highly desirable…. We saw remarkable enthusiasm for signed jewelry, with collectors showing appreciation for masterpieces by iconic names such as Schlumberger, Lalique, Suzanne Belperron and Harry Winston. These results reaffirm what we have long understood: that provenance, rarity, and exceptional craftsmanship continue to ignite the passions of collectors.'
5.02 carat fancy pink diamond ring sold for $1.5 million
The number five lot is a 5.02-carat oval-shaped fancy pink diamond with VS2 clarity. It sold for more than $1.5 million.
7.50 carat unheated Kashmir sapphire ring, fetched $1.3 million
A 7.5-carat unheated Kashmir sapphire on a platinum ring flanked by diamonds fetched more than $1.3 million, nearly double its high estimate.
A pair of pear-shaped diamonds weighing 10.32 and 10.11 carats that fetched $1.3 million
The number seven lot is a pair of pear-shaped diamonds weighing 10.32 and 10.11 carats. Both diamonds are D color, flawless, with excellent polish and symmetry, according to the Gemological Institute of America (GIA). It fetched more than $1.3 million.
An 8.08 carat fancy vivid yellow diamond and diamond ring fetched $1.1 million
Next is an 8.08-carat fancy vivid yellow diamond with VVS1 clarity mounted on an 18k gold ring and flanked by tapered-cut diamonds. It fetched more than $1.1 million, well above its high estimate.