Van Cleef & Arpels Ring Sells For $2.58 Million

A dazzling platinum ring by Van Cleef & Arpels with a 22.03 ct. rectangular-cut diamond was the top-earning lot at Christie’s Magnificent Jewels sale in New York City April 26.

The ring fetched $2,587,500, which fell squarely within its estimated selling price range of $2,200,000 to $2,700,000.

The platinum ring’s brilliant center stone is flanked on both sides by triangle-shape diamonds and was sold with its original Van Cleef & Arpels green suede box and white outer box.

The live auction netted $35,235,600 in total, with 90 percent of the items sold by lot and 85 percent sold by value.

Tom Burstein, Christie’s U.S. head of jewelry, noted in a prepared statement that the house’s goal was “to align the contents of the April auction with what is currently in demand…This approach led to a very strong sell-through resulting from competitive bidding on diamonds, colored stones and signed jewelry.”

Top: The top-selling Van Cleef & Arpels ring (Image courtesy of Christie’s)

JCK Magazine Editor