A circa 1910 diamond ring sold for $500,312—nearly three times its low estimated sales price—at Bonhams’ New York Jewels sale yesterday.
The stunning (and very on-trend) ring sold against a pre-sale estimate of $170,000–$270,000. The ring is topped by a modified brilliant-cut 8.21 ct. oval diamond center stone, and boasts small rose-cut diamonds along its band. The magnificent center diamond is D color, VS1 clarity, and the mounting is platinum, with “elements” of white and yellow gold, according to the auctioneer.
“We’re thrilled with the impressive result achieved by the exquisite diamond ring,” said Caroline Morrissey, Bonhams New York’s head of jewels, in a prepared statement. “It was the final lot in today’s sale, and the excitement in the room was palpable as several eager phone bidders could not let this important piece go.”
The ring led the 140-lot sale, which net a total of $3.6 million. Right behind the top seller, in price, was a 2.02 ct. pear-cut fancy intense orangy pink diamond ring, flanked by heart-shape brilliant-cut diamonds and mounted in platinum, that reeled in $400,312—more than doubling its low estimate of $160,000.
Fancy color diamonds make up only 0.001% of all mined diamonds, and the uncommonly awesome clarity of the sunset-hued stone—VVS1—renders it rarer still.
Top: The circa 1910 diamond ring that was Bonhams’ top-selling lot yesterday (all photos courtesy of Bonhams)
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