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Rare Kashmir Sapphires and Rubel Ballerinas Dazzle at Bonhams NYC
On July 28, Bonhams’ New York Jewels sale achieved a total of $3,685,953 with 80% sold by lot. The top lot of the sale was a rare and fine cushion-cut Kashmir sapphire, weighing 9.23ct, which sold for $1,244,075, over 2.5 times the low estimate.
Bonhams, founded in 1793, is one of the world's largest and most renowned auctioneers, offering fine art and antiques, motor cars and jewellery. The main salerooms are in London, New York, Los Angeles and Hong Kong, with auctions also held in Knightsbridge, Edinburgh, Paris, San Francisco and Sydney. With a worldwide network of offices and regional representatives in 22 countries, Bonhams offers advice and valuation services in 60 specialist areas.
The second Kashmir sapphire, weighing 6.95ct sold for $381,325 against its low estimate of $250,000. Both gems have been in the same family for over 100 years. Originally purchased in the early 20th century as engagement rings by two brothers, they have passed down through the generations of one family.
Brett O’Connor, Bonhams Senior International Jewelry Director said, “Combined, the Kashmir sapphires brought over $1.6 million and the Rubel ballerinas achieved an impressive $125,000. Signed jewels by Cartier, Bulgari, Van Cleef & Arpels, and more, were in great demand. This New York Jewels sale confirmed that quality, rarity and provenance continue to be the key factors sought by collectors worldwide"
"Combined, the Kashmir sapphires brought over $1.6 million and the Rubel ballerinas achieved an impressive $125,000. Signed jewels by Cartier, Bulgari, Van Cleef & Arpels, and more, were in great demand. This New York Jewels sale confirmed that quality, rarity and provenance continue to be the key factors sought by collectors worldwide."
"Combined, the Kashmir sapphires brought over $1.6 million and the Rubel ballerinas achieved an impressive $125,000. Signed jewels by Cartier, Bulgari, Van Cleef & Arpels, and more, were in great demand. This New York Jewels sale confirmed that quality, rarity and provenance continue to be the key factors sought by collectors worldwide."
Brett O’Connor, Bonhams Senior International Jewelry Director