A Magnificent and Extremely Rare Emerald and Diamond Tiara A ...
A Magnificent and Extremely Rare Emerald and Diamond Tiara A ...
A Magnificent and Extremely Rare Emerald and Diamond Tiara A ...
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Press Release Geneva<br />
Geneva | +41 22 908 4814 | Marie-Béatrice Morin | marie-beatrice.morin@sothebys.com<br />
London | +44 (0)20 7293 6000 | Matthew Weigman | matthew.weigman@sothebys.com<br />
Kelly Signorelli-Chaplin | kelly.schaplin@sothebys.com<br />
SOTHEBY’S 17 MAY 2011 GENEVA SALE OF MAGNIFICENT & NOBLE JEWELS<br />
SETS<br />
A WORLD AUCTION RECORD FOR A TIARA<br />
A <strong>Magnificent</strong> <strong>and</strong> <strong>Extremely</strong> <strong>Rare</strong> <strong>Emerald</strong> <strong>and</strong> <strong>Diamond</strong> <strong>Tiara</strong><br />
formerly in the Collection of Princess Katharina Henckel von Donnersmarck Achieves<br />
CHF 11,282,500/$12,736,927 (Est. CHF 4.6-9.2 million/$5-10 million)<br />
Also Represents a World Auction Record for a Piece <strong>Emerald</strong> Jewellery<br />
A Superb Pink <strong>Diamond</strong> Sells To International Jewellers Leviev<br />
For CHF 9,602,500/$10,840,358<br />
The Third Highest Price for a Pink <strong>Diamond</strong> at Auction,<br />
The Ninth Highest Price for a <strong>Diamond</strong> at Auction<br />
Sale Totals CHF 78,944,900/ $89,121,687<br />
Third Highest Total For A Sale of Jewellery At Auction<br />
A magnificent <strong>and</strong> extremely rare emerald <strong>and</strong> diamond tiara, circa 1900,<br />
formerly in the Collection of Princess Katharina Henckel von Donnersmarck<br />
Sold for CHF 11,282,500 / $12,736,927 (Est. CHF 4.6-9.2 million/$5-10 million)<br />
Geneva, 17 th May 2011 – This evening Sotheby’s Geneva sold the most important emerald <strong>and</strong> diamond tiara to have<br />
appeared at auction in over 30 years for CHF 11,282,500 /$12,736,927, the highest price ever achieved for a tiara<br />
at auction. Six bidders competed for the magnificent <strong>and</strong> extremely rare emerald <strong>and</strong> diamond tiara, circa 1900,<br />
which was formerly in the Collection of Princess Katharina Henckel von Donnersmarck (est. CHF 4.6-9.2 million/$5-
10 million [lot 443]); the price it fetched also represented an auction record for a piece of emerald jewellery. The total<br />
for the entire sale of <strong>Magnificent</strong> <strong>and</strong> Noble Jewels was CHF 78,944,900/$89,121,687 (est. CHF 41.9 - 69 million<br />
/ $ 47.3 – 77.9 million).<br />
Commenting on this evening’s sale, David Bennett, Chairman of Sotheby’s Jewellery Department for Europe <strong>and</strong><br />
the Middle East, said: “Sotheby’s was honoured to be able to offer perhaps the gr<strong>and</strong>est piece of jewellery to come to<br />
sale in over 30 years <strong>and</strong> the market responded with enthusiasm. This evening’s results, across the board -- in Noble<br />
Jewels, diamonds, coloured gemstones, <strong>and</strong> pieces signed by the world’s greatest jewelers – show the extraordinary<br />
appetite among connoisseurs for rarity, quality <strong>and</strong> provenance.”<br />
NOBLE JEWELS<br />
International jewellers Leviev outbid four underbidders to purchase a superb fancy<br />
intense pink diamond, weighing 10.99 carats, for CHF 9,602,500/$10,840,358,<br />
the third highest price for a pink diamond (the ninth highest price for a diamond at<br />
auction). Pink diamonds have been prized for their rarity <strong>and</strong> spectacular beauty<br />
ever since they were first discovered in the mines of India centuries ago. This superb<br />
stone, mounted as a ring, has been graded “fancy intense pink”, natural colour <strong>and</strong><br />
VS1 clarity by the Gemological Institute of America (GIA). It has been further<br />
assessed to be part of a very rare subgroup of diamonds known as type IIa <strong>and</strong><br />
comprising less than 2% of all of the world’s gem diamonds. Estimated at CHF 8.3-<br />
14.8 million ($9-16 million [lot 491]), this stone was offered for sale from a private<br />
collection <strong>and</strong> has not appeared on the market for more than 30 years.<br />
The total Sotheby’s achieved for Noble Jewels, including the tiara, was CHF 19,618,300/$ 22,147,295 (against presale<br />
estimates of CHF 7,282,000-13,203,500/$8,220,723 - 14,905,563).<br />
Among other highlights of the Noble Jewels section were jewels from the Collection of the Excelentísima Sra.<br />
Condesa vda. de Romanones, a Gr<strong>and</strong>e de España who was recruited to become an OSS agent in Madrid during<br />
World War II before marrying Don Luis de Figueroa y Perez de Guzmán el Bueno, Count of Quintanilla in 1947.<br />
From the Countess of Romanones collection was an emerald <strong>and</strong> diamond demi-parure from the 1960s, which<br />
was competed for by six bidders <strong>and</strong> sold for CHF 362,500/$409,230 (lot 407, est. CHF 100,000-<br />
150,000/$103,000-147,000), a ruby <strong>and</strong> diamond necklace/brooch combination from the 1970s, which sold<br />
for CHF 170,500/$192,479 (lot 409, est. CHF 80,000-150,000/ $81,500-147,000) <strong>and</strong> a pair of ruby <strong>and</strong><br />
diamond pendent earrings, 1950s, which sold for CHF 17,500/$19,756 (lot 410, est. CHF 14,000–18,000/<br />
$15,000-20,000).<br />
Testament to the Countess’ close relationship to the Duke <strong>and</strong> the Duchess of Windsor was an important<br />
“Cadenas” diamond bracelet/watch, gifted to the Countess by the Duchess herself. Dating circa 1936, this exquisite<br />
piece signed Van Cleef & Arpels, which sold for five times the high estimate to fetch CHF 362,500/$409,230 (lot<br />
411, est. CHF 46,000-63,000/ $49,900-68,500).<br />
White diamonds<br />
Among a group of exceptional white diamonds which are D colour were signed pieces, including an attractive<br />
diamond ring by GRAFF, set with a cushion-shaped brilliant-cut internally flawless diamond weighing 16.53 carats,<br />
which sold for CHF 2,546,500/$2,874,769 (lot 490, est. CHF 1,380,000-2,300,000/ $1,500,000-<br />
2,500,000) <strong>and</strong> a diamond ring by M. Gerard, featuring a marquise-shaped diamond weighing 15.76 carats,<br />
which was competed for by five bidders <strong>and</strong> sold for CHF 1,314,500/$1,483,952 (lot 471, est. CHF 830,000-<br />
1,500,000/ $900,000-1,600,000).<br />
2
Coloured Gemstones<br />
The offering of coloured stones was led by an exceptionally large assortment of Kashmir sapphires, the finest sapphires<br />
in the world, including a sapphire <strong>and</strong> diamond ring, set with an octagonal step-cut sapphire weighing 8.74 carats<br />
<strong>and</strong> dating from circa 1930, which sold for CHF 410,500/$463,418 (lot 464, est. CHF 230,000-<br />
315,000/$250,000-340,000); an attractive sapphire <strong>and</strong> diamond brooch designed as stylised floral spray,<br />
competed for by five bidders <strong>and</strong> sold for more than three times the estimate to bring CHF 1,426,500/$1,610,390<br />
(lot 488, est. CHF 185,000-370,000/ $200,000-400,000), <strong>and</strong> a pair of sapphire <strong>and</strong> diamond pendent<br />
ear clips, suspending a cushion-sapphire weighing 7.30 <strong>and</strong> 7.07 carats respectively, which sold for CHF<br />
1,082,500/$1,222,045 (lot 489, CHF 185,000-370,000/$200,000-400,000.<br />
Completing this selection of coloured gemstones were two impressive Burmese rubies: The first - a spectacular<br />
30.20 carat cushion-shaped ruby, mounted as a ring - sold for CHF 3,778,500/$4,265,586 (lot 484, est. CHF<br />
1,850,000 – 3,650,000 / $2,000,000–4,000,000); the second – a 29.40 carat oval ruby mounted as a<br />
ring by Cartier - sold for CHF 1,314,500/$1,483,952 (lot 469, est. CHF 920,000-1,850,000 / $1,000,000-<br />
2,000,000).<br />
A superb emerald <strong>and</strong> diamond ring, set with an octagonal step-cut Colombian emerald weighing 12.03<br />
carats, which has been described by the SSEF laboratory as “a very exceptional treasure”, sold for CHF<br />
554,500/$625,981 (lot 468, est. CHF 460,000-735,000/ $500,000-800,000).<br />
Fine period <strong>and</strong> signed jewels<br />
Among the period jewels was a masterpiece of Art Deco jewellery, a fine diamond bracelet created by Boucheron<br />
circa 1925, which sold for CHF 554,500/$625,981 (lot 485, est. CHF 110,000–165,000/ $120,000-<br />
180,000). Among the other great signatures in the sale was a stunning pair of gem-set <strong>and</strong> diamond ear clips by<br />
JAR, which sold for CHF 338,500/$382,136 (lot 447, est. 95,000-185,000/ $100,000-200,000).<br />
Notes to editors: Previous Records<br />
TIARA<br />
# # #<br />
Previous auction record for a <strong>Tiara</strong>:<br />
The tiara mounting the Shizuka <strong>Diamond</strong> (101.27 carats), which was sold by Christie’s Hong Kong for $6,211,249<br />
(HK$48,487,500) in May 2008.<br />
Previous auction record for a piece emerald jewellery:<br />
The Jahangir Shah <strong>Emerald</strong>, which was sold by Christie’s London for $3.4 million in 2004.<br />
Previous auction record for a suite of emeralds:<br />
An <strong>Emerald</strong> <strong>and</strong> <strong>Diamond</strong> Necklace, Cartier, London, 1937, which was sold by Sotheby’s New York for $3,080,000 in October<br />
1989.<br />
The two most expensive pink diamonds sold at auction<br />
The Graff Pink, a round cornered rectangular step-cut Fancy Intense Pink diamond weighing 24.78 carats, VVS2, Potentially<br />
Flawless, Type IIa, which was sold for $46,158,674 (CHF 45,442,500) by Sotheby’s Geneva in November 2010.<br />
WORLD AUCTION RECORD FOR A DIAMOND AND ANY JEWEL<br />
WORLD RECORD PRICE FOR ANY COLORED DIAMOND<br />
WORLD RECORD PRICE FOR A PINK DIAMOND<br />
2nd HIGHEST PRICE PER CARAT FOR ANY DIAMOND JEWEL<br />
The Perfect Pink, a Rectangular-cut Fancy Intense Pink diamond weighing 14.23 carats, VVS2, Type IIa, which was sold for<br />
$23,165,968 (HK$ 179,860,000) by Christie’s Hong Kong in November 2010<br />
3
The highest total for an auction of Jewellery was CHF 103,418,050 ($105,047,918), set at Sotheby’ Geneva in November<br />
2010.<br />
The second highest total for an auction of Jewellery was CHF 102,824,730 ($68,549,820), set at Sotheby’ Geneva in 1993.<br />
ALL PRESS RELEASES ARE PUBLISHED ON WWW.SOTHEBYS.COM<br />
IMAGES ARE AVAILABLE ON REQUEST<br />
** Pre-sale estimates do not include buyer’s premium<br />
Vente dirigée par le Ministère de Maîtres Claude Naville et Marco Breitenmoser, Huissiers Judiciaires.<br />
4