B&B’s Jewelry and Watches Auction Fetches $1M

Bonhams & Butterfields’ Jewelry and Watches auction held at the company’s San Francisco and Los Angeles locations on Tuesday took in more than $1 million. A pair of diamond oval-shaped hoop earrings went for $12,000, well above estimates of $7,000 to $9,000.

“The luxury jewelry market continues to be impressively strong particularly for unique and fashion-forward pieces including colored stones such as rubies, opals, pearls, emeralds, and sapphires of all varieties,” said Michael Larsen, G.G., jewelry specialist in Bonhams & Butterfields’ Los Angeles gallery.

A ruby and diamond bracelet sold for $11,400; and a boulder opal, cultured pearl, and diamond necklace took in $10,200. Both items (pictured below), along with other top sellers, sold for nearly double their highest estimates. A total of 547 lots were sold.

Other top sellers are as follows:

* A South Sea cultured pearl, diamond and colored diamond ring; $8,400
* A diamond and baroque South Sea cultured pearl wide bracelet; $8,400
* A yellow sapphire, pink sapphire and diamond ring; $8,400
* An emerald and diamond ring, Tiffany & Co.; $8,400
* An unmounted diamond; $7,200
* A cat’s eye chrysoberyl and colored diamond gent’s ring; $6,600
* A cabochon sapphire and diamond buckle style bracelet; $6,600