Friday, June 7, 2013

Natural Pearl...Yes, please!

$1.64 Million Pearl Necklace Highlights Christie’s London Sale

By Stephanie Schaefer, Editorial Assistant
Posted on June 6, 2013
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Warren Buffett isn't the only one putting money into pearls.
A three-row natural pearl necklace sold for $1.64 million at Christie’s London sale on June 5.
Photos courtesy of Christie's
The auction was 77 percent sold by lot and 90 percent sold by value.
Other top items at the auction included a diamond and natural pearl brooch that fetched $663,829, and an antique sapphire and diamond necklace that sold for $461,869. The 278 lots sold totaled $13.4 million.
Diamond and natural pearl brooch
Antique sapphire and diamond necklace
The sale also included an 18.79 ct. circular-cut VVS2 diamond single-stone pendant, selling for $425,149, and a 7.07 ct. rectangular-cut fancy yellow, VVS1 diamond ring, which earned $305,809. 
“The London sale of Important Jewels saw competitive bidding in a busy saleroom and a strong online presence with nearly 30 percent of the lots being sold to or underbid by clients via Christie’s LIVE,” Keith Penton, head of the London jewelry department, said in a statement. “The results illustrate the continued strength in the market for natural pearls.”

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