Diamonds Dominate Winter Sale of Fine Jewelry at Bonhams & Butterields

Diamonds dominated the winter sale of Fine Jewelry at Bonhams & Butterfields, international fine arts auctioneers, on December 17, 2007. Highly competitive bidding was seen, both on the telephones and in salerooms across the US. The firm’s final jewelry sale of the 2007 auction season was comprised of nearly 200-lots featuring exquisite diamonds, fine works in platinum, desirable period jewelry and signed works — totaling nearly $2.6-million.

According to Michael Larsen, G.G., jewelry specialist in Bonhams & Butterfields’ Los Angeles gallery, “The luxury jewelry market continues to be impressively strong particularly for notable diamond and platinum signed works and for period pieces.”

necerez.jpgOffered from the collection of Douce Isabelle François-Freitas, the sale’s top lot was a highly desirable French diamond and platinum rivière necklace, which sold for $678,400 after highly competitive bidding. The rivière necklace is considered a timeless design, with an elegant arrangement of stones that creates the aesthetic of a ring of floating diamonds around the wearer’s neck. The piece featured 40 round brilliant-cut diamonds with the central diamonds weighing as much as 5.51-carats. The remainder of the diamonds taper in size and weight to an estimated 0.75-carats. The necklace boasted an estimated total diamond weight 53.50-carats with French assay marks. “Due to the important nature of the diamonds and unique character of the piece, the French diamond and platinum rivière necklace drew international attention. Bonhams & Butterfields is pleased with the $678,400 result for this rare fresh-to-market work,” said Larsen.

In addition to the diamond necklace, the December sale of Fine Jewelry also featured multiple lots with dazzling stones, including: a graduated two row diamond and platinum necklace with alternating round brilliant and marquise-cut diamonds (sold for: $81,000); a diamond and platinum ring centering a round brilliant-cut diamond weighing 5.42-carats, with tapered baguette-cut shoulders, sold above the $50,000 estimate for $84,000; a 6.40ct round brilliant-cut diamond ring set in an elegant four-prong mount (sold for: $72,000); a champagne colored round brilliant-cut diamond ring, with a double surround of round brilliant-cut diamonds set in platinum brought $39,000 and a 7.55ct round brilliant-cut diamond and platinum Tiffany style solitaire ring (sold for: $60,000).

On offer within the rare and remarkable period pieces were a rare cabochon sapphire and diamond bracelet by Chaumet, Paris which sold for $45,000 and a stunning late art deco diamond and platinum bracelet of openwork design, circa 1935, which brought $33,600.