Bonhams’ New York Jewels sale on July 28 achieved a total of $3,685,953 with 80% sold by lot. The top lot of the sale was a rare and fine cushion-cut Kashmir sapphire, weighing 9.23ct, which sold for $1,244,075, over 2.5 times the low estimate.
The second Kashmir sapphire, weighing 6.95ct sold for $381,325 against its low estimate of $250,000.
Both gems have been in the same family for over 100 years. Originally purchased in the early 20th century as engagement rings by two brothers, they have passed down through the generations of one family.Two exceptionally rare and fine cushion-cut Kashmir sapphires. Prices realized: $1,244,075 and $381,325 Credit: Bonhams
Brett O’Connor, Bonhams Senior International Jewelry Director said, “Combined, the Kashmir sapphires brought over $1.6 million and the Rubel ballerinas achieved an impressive $125,000. Signed jewels by Cartier, Bulgari, Van Cleef & Arpels, and more, were in great demand. This New York Jewels sale confirmed that quality, rarity and provenance continue to be the key factors sought by collectors worldwide.”Two 18k gold and gem-set ballerina brooches, John Rubel Co., circa 1950
Price realized for each: $62,575 Credit: Bonhams