The overall market may be struggling, but the April 14 Christie’s Magnificent Jewels auction in New York City saw some impressive sales, including a record price for a four-strand natural-color pearl necklace and $5.76 million for a 5.29 ct. purplish-pink diamond.
The four-strand natural-color pearl necklace, featuring pearls that measure from 4.9 mm to 12.65 mm, sold for $5 million to an Asian private collector, beating its $3.8 million–$4.5 million estimate and setting a world record for a natural pearl necklace.
A 5.29 ct. fancy intense purplish-pink diamond sold for $5.76 million, or $1.09 million a carat, to a member of the U.S. trade. That also topped its $3.7 million–$5 million estimate.
The overall auction garnered $42 million, with 77 percent sold by lot and 77 percent sold by value.