Christie's unmounted flawless 62.3 carat diamond sold for CHF8.01 million (click on image to view larger)
Geneva, Switzerland (GenevaLunch) – Forget the girl’s best friend, diamonds that investors love are dazzling the jewelry world this week. Christie’s big November precious gems and jewelry sale in Geneva Wednesday 18 November ended on a high note, with the sale of a 62.3 carat diamond going for CHF8.01 million at the Four Seasons Hotel des Bergues.
Overall, the sale brought in CHF32.28m, another strong sign that the market has recovered, after Sotheby’s sold CHF37 million in jewels Monday. The buyer was Aleks Paul of Essex Global Trading in New York, a dealer who also walked off with two other lots of diamonds worth more than CHF5m.
And down the street at the Mandarin Oriental Hotel the Antiquorum sale of fine watches set a record price for watches sold in 2009: CHF5.12m for the Patek Philippe Yellow Gold Calibre 89, one of only four in the world, each unique.
Calibre 89, auctioned an Antiquorum, Geneva
Cartier watch made in honour of Red Cross, Sotheby's sale
Geneva, Switzerland (GenevaLunch) – A watch made for an Ethiopian emperor and a 1948 pink gold watch with a perpetual calendar and moon phases are among the top pieces on the watches auction list at Sotheby’s Sunday 15 November.
The world’s most complicated timepiece, a Patek Philippe Calibre 89 watch with 33 complications, is up for auction Saturday 14 November at Antiquorum.
The two Geneva auction houses hold their big annual watch sales, which dominate the market, every November.
Several historical watches are top of the billing at Sotheby’s:
Lesotho I diamond set in a ring by Harry Winston, Sotheby's November 2008 auction in Geneva
Geneva, Switzerland (GenevaLunch) – This is one of the big weeks in the year for Geneva’s international art market, with auctions taking place at lakefront hotels in Geneva for top-end watches, jewelry and antiques. The world will be watching closely to see if the art market here reflects the economic downturn. Wednesday , a Francis Bacon self-portrait that was expected to sell for $40 million was pulled from a Christie’s auction in New York when it reached only $27.4m, to gasps from the crowd.
