Sotheby’s Auction: Diamond earrings sold for $57,425,478 setting new world record

London: The Apollo Blue and the Artemis Pink diamonds together became the most valuable earrings ever sold at auction, after realizing a combined total of $57,425,478 at Sotheby’s sale of Magnificent Jewels and Noble Jewels.
The internally flawless fancy vivid blue diamond and the fancy intense pink diamond, weighing 14.54-carats and 16- carats respectively, were sold to the same anonymous buyer on May 16.
“It has been a privilege for Sotheby’s to be entrusted with the superb ‘Apollo Blue’ and ‘Artemis Pink’. The results from the sale which saw more than 90% of lots sold and three new world auction records yet again underline the strong demand for top quality diamonds, gemstones and jewels.
“I am delighted that the stones will remain together as earrings. This has been a wonderful inaugural jewelry sale at Mandarin Oriental, Geneva which far exceeded expectations, with a total of over $150 million,” David Bennett, Worldwide Chairman of Sotheby’s International Jewelry Division and Chairman of Switzerland, said.
The auction that saw a sell-through rate of 90%, also set record for a fancy intense purplish pink diamond by Piaget weighing 7.04 carats. It sold for $13,245,750.
The sale also featured a collection of the finest diamonds and gemstones, as well as signed jewels from the most sought-after jewelry houses, which sold at double the pre- sale estimates to realize a combined total of $15,899,550.
A pear-shaped diamond ring, weighing 32.42 carats by Harry Winston doubled its low estimate to sell at $3,330,288, and an emerald and diamond ring by Harry Winston achieved five times its estimate and was sold for $929,465.
Another notable sale included a ruby and diamond brooch and ear clips by Van Cleef and Arpels which sold for a combined total of $477,551.

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