Highest ever total for a jewellery auction: Sotheby’s Geneva sale of Magnificent & Noble Jewels realizes $160.9 million

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Highest ever total for a jewellery auction: Sotheby’s Geneva sale of Magnificent & Noble Jewels realizes $160.9 million

GENEVA, May 2015– The auction of Magnificent Jewels and Noble Jewels at Sotheby’s Geneva on May 11, 2015, achieved a total of US$160.9 million (estimate in excess of US$93 million), marking the highest-ever total for any jewellery auction. An exceptional 94% of lots were sold, with highlights including:
Highest ever total for a jewellery auction: Sotheby’s Geneva sale of Magnificent & Noble Jewels realizes $160.9 million
The ‘Sunrise Ruby’ – an exceptional and immeasurably rare 25.59-carat Burmese stone – sold for US$30.3 million (estimate US$12-18 million), establishing world auction records for:
o   Any ruby, both in total price and per-carat price
o   Any non-diamond jewel
o   Any stone by Cartier
‘The Historic Pink Diamond’, an extremely rare and highly important 8.72-carat Fancy Vivid Pink diamond – which has been linked to Princess Mathilde Bonaparte, niece of Napoleon I – achieved US$15.9 million  (US$ 14–18 million)
Speaking after the sale, David Bennett, Worldwide Chairman of Sotheby’s International Jewellery Division, said: “Tonight’s record result is the reflection of the outstanding quality of the pieces in the sale across the board. The ‘Sunrise Ruby’ captivated me from the moment I saw it – such an exquisite stone truly deserved the multiple-record-breaking price this evening. The exceptional results achieved for the other Cartier jewels in the sale – including two world auction records for sapphires – and for ‘The Historic Pink Diamond’ are evidence that the market for exceptional jewels is going from strength to strength. The galleries have been brimming with collectors during our worldwide exhibitions, and this translated into lively bidding throughout the sale tonight with truly global demand for the finest diamonds, gemstones and signed pieces of the very highest order.”