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Jewellery auction boom continues into Q4 as Christie’s Geneva sale tops £30m

Christie’s Geneva

Christie’s Geneva has announced another successful jewellery auction, with its recent ‘Magnificent Jewels’ sale taking over £30 million.

The auction takings topped out at CHF36,348,250 (£30.15 million), with 11 lots going for at least $1 million (£759,000) and 89% of all lots selling.

The highlight of the auction was a rectangular-cut fancy yellow diamond of 28.88 carats, selling for CHF2,850,000 (£2.36 million).

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Additionally, a new auction record price per carat was established for a fancy purplish-red diamond, set into a ring by Graff.

The 1.05 carat stone sold for CHF2,760,000 (£2.3 million), translating into a price per carat of $2,640,000 (£2 million).

Max Fawcett, head of jewellery department, Geneva, commented: “Despite the challenging environment and the first auction at the Four Seasons Hotel des Bergues without clients present in the room, Christie’s saw strong bidding from all over the world, both online and on the telephone.

“With a sell-through rate of 89%, it shows the market is robust and there is very competitive demand for exceptional jewels and coloured stones.

“We look forward to our successful sales in Paris, London, Hong Kong and finally New York to conclude the season.”

Tags : Christie'sChristie's GenevaChristie's Magnificent Jewels
Sam Lewis

The author Sam Lewis

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