Auctions

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Jewelry by French designer Reza, extraordinary old-fashioned cushion-cut diamonds, pearl earrings and dozens of other exquisite items of jewelry are to be offered for sale at an auction to be held by Tzoffey's during the March 17-20 US/International Diamond Week on the Trading Hall of the Israel Diamond Exchange.

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The Israel Diamond Exchange (IDE) is leading the international diamond business sector's marketing efforts at a time when it needs to make tremendous efforts to return to profitability and strong growth, IDE President Yair Sahar said in a message to 150 diamond buyers who will be taking part in the US / International Diamond Week.

The event will be held March 17-20 at the Israel Diamond Exchange (IDE) in Ramat Gan.

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Sotheby’s set a record for jewelry sales in 2012 of US$460.5 million, with strong growth reported at all of its auction houses.

Sales figures were boosted by strong interest from buyers in private collections, outstanding diamonds and gemstones, and historical jewels with noble history.

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An auction house in Scotland is giving someone the opportunity to buy a special Valentine's Day gift a £35,000 ($55,000) heart-shaped diamond necklace.

The necklace, to be sold by a Glasgow auctioneer, is set with 22 carats of brilliant cut diamonds – 17 carats of diamonds are set in the white gold chain, and another five carats in a diamond-set heart pendant.

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A unique natural vivid blue heart shaped diamond will be one of the highlights of an auction of exceptional gems and jewelry by Tzoffey's 1818 to be held during the March 17-20 US/International Diamond Week at the Israel Diamond Exchange (IDE).

It is possible the 1.93-carat diamond will sell for more than US$1 million per carat if sales held by Sotheby's last year are an indication.

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Skinner, Inc. said it generated close to $3.7 million in sales at a fine jewelry auction. The amount includes buyers' premiums and easily surpassed the pre-sale forecast.

The top lot was a double-strand jadeite bead necklace bought for $348,000, more than four times its pre-sale estimate of $80,000.

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A heart-shaped yellow diamond that once belonged to the controversial Wallis Simpson, the Duchess of Windsor, is one of many jewels from the collections of Estee and Evelyn Lauder to be sold at a Sotheby's auction next month.

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Christie's New York is holding its first jewelry auction of the fall season on October 16, where a total of 372 lots will be offered and expected to achieve in excess of US$35 million. Highlighting the two-session Magnificent Jewels sale at Christie's Rockefeller Center saleroom will be a trio of diamond jewels weighing more than 50 carats each, as well as a rare double strand of large natural pearls.

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A vivid yellow diamond weighing 32.7 carats could sell for up to $8 million at auction, said auction house Christie's.

The diamond is likely to be the outstanding lot at a Christie's jewelry auction in New York on October 18. The diamond is also being sent on a worldwide tour ahead of the auction and can be viewed in Hong Kong, London and Geneva.

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