Fine jewellery sale in New York nets £2.19m with fancy yellow stars.
Bonhams held its fine jewellery sale in New York on April 15, securing $3.3 million (£2.19m) across coloured gemstone lots.
The auction house noted a significant increase in interest for coloured gemstones, especially solitaires, supporting its earlier claim that 2015 is the year of the coloured gem.
The auction was led by a fancy yellow cut-cornered rectangular modified diamond ring that sold for $305,000 (£202,935), weighing 16.64 carats. The brilliant yellow diamond is set in a polished 18ct gold mount and enhanced by circular yellow-cut diamonds.
Enthusiastic bidding rapidly drove up the prices of two ruby and diamond rings: a square cushion mixed-cut ruby weighing 3.18 carats flanked by brilliant-cut diamonds mounted in 18ct gold and platinum that realised $185,000 (£123,000), more than seven times the high estimate; and an oval mixed-cut ruby weighing 3.02 carats set in a pavé set diamond bombé mount and mounted in 18ct gold and platinum, which achieved $161,000 (£107,000), almost nine times the high estimate.
Closely following this was an emerald and diamond ring that fetched $173,000 (£115,000). The cut cornered rectangular step-cut emerald is amounted in platinum and weighs 14.31 carats, which is flanked by baguette-cut diamond shoulders.
Susan Abeles, director of fine jewellery at Bonhams US commented: “Colored stones, especially rubies, emeralds and sapphires are bringing strong prices that rival prices for diamonds, reflecting a swing in the market. The demand for fine quality colored stones is extremely healthy and growing, as is the market for signature jewelry.”
The next Fine Jewelry sale at Bonhams will be held on April 21 in the UK.