Jacob & Co. Generates Highest Bid at Magnificent Jewels and Jadeite Auction

. November 25, 2008

At the recent Sotheby’s Magnificent Jewels and Jadeite auction in Hong Kong the highest bid was for a spectacular Jacob & Co. cushion-shaped diamond ring. Featuring a 34.07 carat, D color, internally flawless stone, the ring commanded an impressive $5.78 million, and was acquired by a private collector. The fourth highest selling item, also from Jacob & Co., was a set featuring a necklace, earrings and a ring in yellow gold with white and yellow diamonds totaling approximately 79.40 carats that fetched $960,624.

Jacob & Co. has built a global business, offering an elite clientele one-of-kind jewelry and the world’s most exquisite diamonds. “It is a source of genuine pride for me to see our pieces be among the top selling items at one of the most prestigious jewelry auctions in the world,” states Jacob Arabo. “This is not only a testament to the exceptional quality of the stones we use and our fine craftsmanship, but also the strength and appeal of the Jacob & Co. brand internationally.”

With the rising levels of economic uncertainty, many sectors of the luxury market are experiencing rapid decline. Sales at Jacob & Co., however, have remained steady, particularly at the high end. Extremely affluent customers are confident in purchasing statement jewelry from trusted brands, as they recognize the inherent value and “recession-proof” nature of exceptional stones. Jacob & Co. is currently creating several custom pieces for clients in the U.S. and abroad. In addition, the firm is in an aggressive expansion mode. Later this month, Jacob & Co. will open a flagship boutique in the Dubai mall. Also in the works is a Jacob & Co. luxury residential property in Dubai.

About Jacob & Co.

Jacob & Co., luxury watch and diamond jewelry house was founded over 25 years ago in New York City by Jacob Arabo. After years of working in New York’s diamond district, he began designing for private clients and by the mid 1990’s, Jacob & Co. had established a sterling reputation amongst leaders in the entertainment industries. In 2002, inspired by the fast-paced, international lifestyles of his clientele, Jacob launched his first Five Time Zone Collection combining bold colors with multiple time zone technology. Jacob’s innovation in the field of Swiss watch-making continues today for both men’s and women’s collections. Jacob & Co. is committed to creating unique, wearable timepieces and fine jewelry which shatter the status quo and provide innovation with both intrinsic and experiential value.

Category: Auction News

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