A Record Jewellery Sale

. December 21, 2007

Not since the height of the 2002 boom has there been a sale as buoyant as our December 5th offering, achieving a result some 20% greater than last year.
When viewed through the lens of our currently very strong dollar this is even more impressive, as all precious stones and metals are traded in US dollars, the stronger our dollar the cheaper the replacement cost.

A packed room saw very competitive bidding for the first 30 lots, parcels of customs seized diamonds that were offered without reserve, bringing a total of over $100,000 with the finest stone, 2ct F, VS1 bringing $41,000.

The momentum continued with most of the pieces finding new homes with excited buyers, including a 5.42ct Champagne coloured diamond ring (lot 381) going for $34,000 to a couple celebrating an important wedding anniversary. Other pieces went to engagement couples, collectors, and for Christmas morning surprises.

The gorgeous pieces from the private collection of Elizabeth Hargrave were mostly sold well above estimates (lot 380) ruby and diamond ring achieved $10,000, (lot 382) a Van Cleef & Arpels frog brooch (illustrated) sold for $6,000 and fire opal brooch, (lot 377) achieved $8,000.* All prices exclude buyer’s premium of 12.5% and gst on the buyer’s premium. www.webbs.co.nz

Category: Auction News

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