Colored gemstones reigned supreme at Bonhams Fine Jewelry sale last week.
That is the essence of news reports capsulizing the results of last week;s
auction of important jewelry pieces at Bonhams London Auction House.
I like to pass along these reports that relate to colored gemstones for
Readers of the AZGem Gems newsletter are interested in colored gems.
Rising price trends of important colored gemstone jewelry translates into
higher value of quality colored gemstone jewelry owned by our readers.
I can share many colorful photos of gems and
Bonhams reports on the success of this important auction with typical British
prices soar at Bonhams London first Fine Jewelry sale of 2015
Period jewelry by Chanel hotly contested with buyers
bidding around the world
Rubies, sapphires and emeralds are this year's must-have
gems according to Bonhams and its first London sale of 2015 demonstrated
the huge appetite for colored stones with fierce bidding taking place in
the saleroom, on the telephone and online from buyers across the globe.
Bonhams sells more jewelry lots each year than any other international
house and has more dedicated jewelry auctions annually. It has tracked a
significant increase in the price per carat achieved for colored gemstones
in its auctions over the last decade and has proclaimed 2015 as the year of
the colored gemstone.
The Fine Jewelry sale achieved £4.34 million, with 83% sold by value and
128 lots going to new owners.
Highlights of the sale included:
A 21.27 carats sugarloaf cabochon Kashmir sapphire and diamond ring with
a pre-sale estimate of £50,000 to £80,000 sold for £290,500, more than
three times its estimate.
A 17.97 carats Burmese sapphire and diamond ring also sold for three
times its pre-sale estimate of £40,000 to £60,000, achieving a final
selling price of £182,500.
A diamond pear-shaped single-stone ring by Harry Winston. Weighing 9.05
carats, the diamond is D color, VS1 clarity, and after a strong bidding
war in Bonhams New Bond Street sales room and on the telephones, it sold
for £350,5000 to a US bidder.
A 7.10 carats fancy-coloured pear-shaped diamond single-stone ring was
the subject of a bidding war between two telephone bidders. The Fancy
Light Pinkish Brown, natural color ring sold for more than five times its
pre-sale estimate of £15,000-£20,000 and achieved a final price of
A 4.54 carats Burmese ruby single-stone ring with a pre-sale estimate of
£25,000-£35,000 sold for £134,500. Another Ruby three-stone ring
achieved more than seven times its pre-sale estimate of £8,000 to
£12,000 with a final hammer price of £76,900.
An emerald and diamond dress ring, circa 1950, sold to an online bidder
for £68,500 against a pre-sale estimate of £15,000-£18,000. The emerald
is of Colombian origin and weighs 3.25 carats.
A pair of sapphire and diamond earpendants, circa 1950, sold for
£92,500 against a pre-sale estimate of £30,000-£40,000. Each earpendant
is set with a cushion-shaped sapphire, weighing 10.50 and 9.50 carats. The
sapphires are of Sri Lankan origin, with no indication of heating.
Another star performer at the auction was an exceptionally rare retro
citrine-set twist necklace by Chanel (circa 1954-71). The signed piece was
hotly contested with buyers from the UK, Europe and the US fighting it out in
the sale room, online and on the telephone. The highly desirable collectors'
piece outstripped its pre-sale estimate by more than ten times selling for
£68,500 to Hancocks, London, the well-established jeweler that specializes in
rare and collectible jewels.
Jewellery from the 1970s by Andrew Grima continues to be very much in
demand by collectors and private buyers. Two pieces by Andrew Grima featured
in the auction. A gold and diamond-set 'super shell' necklace sold for
£15,000 and an 18 carat gold, wood opal and diamond pendant and ring (circa
1972/73) sold for £8,750.
Jean Ghika, Bonhams Head of Jewelry for UK and Europe, says: "We
achieved outstanding results across the board which underlines the buoyancy of
"The sale performed exceptionally well and generated strong interest
from buyers in the UK, Europe, the US and Asia. I was particularly delighted
to see many of our colored gemstones sell so well, some by up to 10 times
their pre-sale estimate, which is an excellent indication of how strong the
"The sale also reinforced the enduring appeal and strong demand for
good quality, signed pieces of jewelry such as the Chanel necklace which sold
for more than ten times its pre-sale estimate."
Bonhams is now expecting the strong market to be reflected during its next
two Fine Jewelry sales in Hong Kong on 3 June and New York on 22 June.
Colored gemstone prices soar at Bonhams - the very
wealthy seem enthusiastic about quality jewelry pieces in general, and colored
gems in particular. This trend will help your quality jewelry and estate
pieces increase in value.
Colored gemstone prices soar at Bonhams was
the big news emanating from this auction but some important diamond jewelry
pieces were also part of the sale.
Top - Enthusiastic Bonhams auctioneer
Sapphire and diamond ring
"Sugarloaf" cabochon sapphire and diamond
Next - Emerald and diamond dress ring
Next - Sapphire and diamond ear
Next - Citrine and gold "twist" necklace
Next - Ruby and diamond ring
Next - Gold and diamond "super shell" necklace
Next - White diamond ring by Harry Winston
Next - A different sapphire and diamond ring
Next: - Gem special offer - Chrome diopside, an affordable
fine emerald substitute
Next - Industry News - Elizabeth Taylorís Taj Mahal
Next - Dealer Product Image - Amethyst Ring in Sterling Silver
Last - Dealer Program Image - Pink Spinel and Sterling
A Google search for links or images using keywords such as bonhams
or Christie'scan return some very interesting information and websites.
Here is this month's special gem deal.
Gem: Chrome Diopside... the natural emerald green gem substitute for
the May birthstone
Color: Emerald green
Quality: Gem quality, and no
visible inclusions. Our cutter in Thailand describes the stone as... Natural
gem, best quality 5a green Chrome Diopside.
We have other shapes, sizes, and
shades of gems available.
We keep gem prices low by buying quality gemstone rough
worldwide, and having the rough material cut by our gem cutters in Asia.
Gem Industry News
Christieís: Elizabeth Taylorís
trust owes us $8.8M
The New York Post.com reports in their Page Six column on the ongoing
multi-million dollar controversy between Christie's Auction House and the
Elizabeth Taylor Trust...
Auction house Christieís is battling over money with Elizabeth Taylorís
The trouble began when a buyer backed out of an $8.8 million deal to purchase
Taylorís Taj Mahal necklace (gifted to her by Richard Burton) at a 2011
auction. But the auction house pre-paid the trust ahead of receiving money from
the buyer, who canceled the sale.
Now that your inventory is well on the way to being replenished, it is time
to focus more on sales again.
Gift giving occasions have not disappeared with the holiday season. Mothers
Day , birthdays, anniversaries, graduations, and many other reasons to give
nice jewelry at a great price just keep on coming. Your customers (and their
friends) need what you offer!
A market where people perceive they should spend wisely and receive value
for their money fits right into your marketing strategy...
Be The Quality Jewelry Discounter.
Do you enjoy jewelry and gems?
Do you enjoy talking with friends and friends