Sotheby’s AU Important Jewels auction hits £794k

Sotheby’s Australia is celebrating the success of its Important Jewels auction which raised $1,552,267 (£794,527) yesterday (12 May).

The auction sold 72% by volume and 54% by value.

The rare ‘Willows’ yellow sapphire weighing 35.73ct and set as a pendant drew strong interest. The unique piece sold for $122,000 (£62,173).

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Geoffrey Smith, chairman of Sotheby’s Australia commented: “The ‘Willows’ yellow sapphire was exceptional and we were thrilled to achieve an auction world record for an Australian yellow sapphire at $3,414 per carat. The stone captivated people from Australia and around the world.”

Sotheby’s Australia witnessed a significant number of international registrations.

A fancy yellow 3.81ct round brilliant-cut diamond ring set in 18ct yellow gold had six phone bidders registered from countries including Israel, Hong Kong and the United States. After a competitive bidding the diamond achieved $231,800 (£118,140).

Other significant diamond results included; a platinum and 4.94 carat diamond ring which sold for $58,560 (£29,865) and a 6.55 carat emerald-cut diamond, claw-set between a pair of baguette diamond shoulders which doubled the pre-sale low estimate of $25,000 (£12,754) and sold for $57,340 (£29,254).

Interest in signed designer jewellery was also high. Cartier’s 18ct white gold, diamond and ceramic ‘Love’ bangle achieved a final sale price of $21,960 (£11,204) and a Harry Winston platinum and 2.33 carat diamond ring sold for $34,160 (£17,428).

Bidding interest remains strong in quality watches and timepieces too.

“The results achieved this evening exemplify Sotheby’s Australia’s commitment of presenting the finest jewels and watches for auction. The collection featured a diverse array of significant pieces by designers, and items were sold to our domestic and international collectors,” Smith concluded.


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