After a year of incredible auction results, it’s impossible to ignore the lasting appeal of gorgeous gemstones at auction. In 2018 alone, May and November’s Fine Jewelry auctions enjoyed a collective 90% sell-through rate, and totaled $3.52 million. As our Jewelry Department continues to invite consignments for their 2019 auction, let’s take a peek at some recent sale highlights of perhaps the most popular gemstone of all: dazzling diamonds.
In November 2017, Freeman’s set a new company record with the successful sale of a rare Belle Époque fancy vivid yellow diamond pendant, by J.E. Caldwell and Co., circa 1910. The 10.59 carat, cushion-cut diamond hailed from a private collection and attracted rare diamond collectors and connoisseurs from around the world. Fifteen phone bidders actively sought the diamond, as it soared past its $250,000-350,000 presale estimate, selling for $760,000 and becoming the most expensive piece of jewelry Freeman’s has ever sold.
That same sale, a marquise diamond weighing 22.85 carats, from the private collection of a Philadelphia lady, sold for $187,500.
Last spring, a stunning Belle Époque old European-cut diamond, weighing 3.93 carats, more than doubled its high estimate of $60,000, selling for $150,000.
In May of 2018, Freeman’s had the distinct honor of offering for sale the Collection of Dorrance “Dodo” H. Hamilton. Jewelry from the Hamilton Collection enjoyed a 100% sell-through rate, making it a ‘white-glove’ sale. The undoubted highlight of the sale was the impressive 16.56 carat diamond solitaire ring, which sold for $802,000, after a round of bidding which saw over a dozen phone bidders vying for the lot. The ring had toured London, Paris, Hong Kong, New York, and Beverly Hills before making its way to the auction block.
Last month, a rare fancy blue diamond, within a pavé-set platinum and diamond mount, sold for $175,000. Diamonds of all shapes and colors dominated the day’s events.