Sotheby’s Sees Record Jewelry Sales

In 2014, the Sotheby’s worldwide jewelry auctions hit a record $604 million, the third consecutive year its jewelry sales have hit new heights. 

With the blockbuster hammer prices from the Zoe Diamond and Graff Vivid Yellow, Sotheby’s now holds world auction records for four diamond colors: white, pink, blue, and yellow, the auction house said. The 9.75 ct. blue Zoe fetched $3.3 million a carat, a record price per carat for any diamond.

 

Courtesy Sotheby’s

The Zoe

Provenance reigned this year, with strong results with auctions from the collection of Mrs. Paul Mellon, Dimitri Mavrommatis, Barbara Hutton, Estée Lauder and Evelyn H. Lauder, Joséphine de Beauharnais, Helen Hay Whitney, Flora Sassoon, Grand Duchess Vladimir of Russia, and others. 

Jadeite also saw a strong year. The Hutton-Mdivani Necklace was purchased by the Cartier Collection for $27.4 million—the type of price generally garnered only by diamonds, and the second highest price paid for any jewel at auction in 2014. The Graff ruby sold for $8.3 million, the highest ruby price ever at auction.

 

Courtesy Sotheby’s

The Hutton-Mdivani Necklace

While Sotheby’s results are impressive, it was still bested by longtime auction champ Christie’s, whose worldwide jewelry sales totaled $754 million last year.

JCK News Director