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Rare blue diamond by Bulgari sells for 1.9 million pounds in Bonhams Fine Jewellery sale
A diamond and blue diamond crossover ring by Bulgari estimated at £600,000-800,000. Sold for: for £1.9 million. Photo: Bonhams.
LONDON.- One of the world’s rarest stones, a blue diamond, has sold for £1,889,250 at the Bonhams Fine Jewellery Sale in New Bond Street. Originally estimated to sell for £600,000 – 800,000, the stunning diamond and blue diamond crossover ring made by Bulgari circa 1960 received an unprecedented amount of interest from national and international clients. The ring came from a private European collector and had never been seen at auction, resulting in a prolonged bidding session, with multiple bidders battling for the top lot. The ring finally sold to a bidder on the phone.

Typical of Bulgari’s elegant simplicity, the ring offered by Bonhams was set obliquely with a pear-shaped diamond, weighing 3.93 carats, D colour, VS2 clarity, and a pear-shaped fancy vivid, natural blue diamond (the highest grading for a coloured diamond), weighing 3.72 and SI2 clarity. This meant the blue diamond sold for £492,000 per carat.

The term “fancy” is used to describe a diamond of intense colour and the colour “fancy vivid blue” is one of the rarest. Blue diamonds are structurally the purest of all diamonds, with barely any impurities within their crystal lattice. They account for less than one percent of all diamonds mined.

Jean Ghika, Director of jewellery comments, “Not only was this jewel an exquisite example of Bulgari’s craftsmanship at this period, but the fancy vivid blue diamond is an incredibly rare gem in its own right. Bonhams was delighted to handle the sale of this magnificent ring, and the final price realised demonstrates the demand, at an international level, in pieces of this quality”.

Other signed pieces of jewellery offered by Bonhams were highly sought after, including a diamond single-stone ring by Harry Winston. Estimated at £120,000 – 150,000, the step-cut diamond weighed 7.62 carats, with E colour and VS1 clarity, realised £265,250. Also by Harry Winston, a stunning diamond necklace, designed as a riviere of graduated brilliant-cut diamond between course of smaller brilliant-cut diamonds, weighing 33 carats in total, surpassed its presale estimate of £80,000 – 120,000 to sell for £199,250. A second blue diamond, classified as fancy-greyish blue, circa 1925 sold for £103,250, over double its presale estimate.

Top prices were also realised for natural pearls, with a number of lots exceeding their presale estimates. A double-row natural pearl necklace with a diamond clasp sold for £253,250 and a natural pearl and diamond ring realised £20,000, far exceeding the presale estimate of £6,000 – 8,000.

A rare peacock brooch set with diamonds and gems by the French Imperial jeweller Gustave Baugrand circa 1867 made four time over the pre-sale estimate, selling for £56,450. The intricate brooch was finely modelled as a peacock; the body consisted of circular-cut sapphires, to a sprung fan of rose-cut and cushion-shaped plumes each highlighted with a square cut emerald ‘eye’ and a circular-cut ruby perched on a pearl.

Jean Ghika comments, “Despite tough economic times, interest in pieces of jewellery of the highest quality is increasing. We always suggest that clients buy jewellery to wear and enjoy, rather than specifically for investment purposes. However, it is clear from the results of this sale that there are certainly some clients who are attracted by the fact that jewellery is a tangible asset which may grow in value in years to come.”

Bulgari | Bonhams | blue diamond |




Last Week News

September 21, 2011

Art Moscow welcomes over forty national and international Contemporary art galleries

Exhibition of portraits by Andy Warhol of the late Elizabeth Taylor at Gagosian Gallery

Works by Roy Lichtenstein from his celebrated Entablatures series at Paula Cooper Gallery

Museo de Arte de Ponce announces exhibition of masterpieces from the Prado Museum

Christie's announces fashion and accessories sale from the Elizabeth Taylor Collection

Cherry and Martin restages landmark 1970 exhibition "Photography into Sculpture"

National Portrait Gallery announces Lucian Freud portraits exhibition in February 2012

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China Institute Gallery presents Blooming in the Shadows: Unofficial Chinese Art, 1974-1985

Sotheby's to sell an important private collection of works by Alexander Benois this November

Circus poster exhibition sensationally brings to life America's first colossal entertainment industry

World Monuments Fund announces two major grants for sites in Tanzania and Cambodia

Nelson-Atkins Museum Major Lender in Pan-Asian Buddhist Art Exhibition at Pulitzer Foundation for the Arts

Exhibition about the fragility and awe-inspiring nature of our oceans at the Pelham Art Center

Mussolini's duds sell for $5.5K at Texas auction

Contemporary art from the Estate of Dr. Edmund P. Pillsbury, Oct. 26, at Heritage Auctions

InterAsia Auctions, the market leader in Asian philately, to hold stamps sale

Polish Jewish museum to open in April 2013

Exhibit explores American Folk Art of quilts

September 20, 2011

Pompidou exhibition throws new light on the work of Norwegian painter Edvard Munch

Warhol, Katz, Henry paintings among $2.8 Million Irish bad bank auction at Christie's

Museum of Fine Arts, Boston acquires Gustave Caillebotte's "Man At His Bath"

Sotheby's New York announces sale of Nicolai Fechin paintings from National Cowboy Museum

DANDAN: Solo exhibition by Japanese artist Tabaimo on view at James Cohan Gallery

Exhibition of recent paintings and drawings by Jenny Saville at Gagosian Gallery

Christo and Jeanne-Claude 40 Years, 12 Exhibitions opens at Annely Juda Fine Art

Swann Galleries' announces autumn auction of African-American fine art in October

UK museums to benefit as Art Fund announces details of schemes worth 1 million to boost collections

Hard-luck comic strip character Ziggy creator Tom Wilson Sr. dies at age 80 in Cincinnati

DeCordova presents Temporary Structures: Performing Architecture in Contemporary Art on view this fall

First solo exhibition with Los Angeles painter Pamela Jorden opens at Romer Young Gallery

Installation Design by Zaha Hadid creates dynamic setting for exhibition of her recent product designs

Exhibition in Houston re-creates a day in the life of fashionable 18th-century Parisians

Exhibition at the Smithsonian Documents Impact of the Railroads on the Native Southwest

University of Richmond Museums presents Achachis y Bordados: Storytelling Embroideries from Peru

Bonhams expands Chinese and Japanese art departments in Europe, Asia and Australia

Lori Eklund promoted to Deputy Director at the Amon Carter Museum of American Art

Endangered 1972 New York City public mural could be restored

Stolen 17th century paintings returned to Bolivia

September 19, 2011

Exhibition by artist Tomas Saraceno opens at the Museum for Contemporary Art in Berlin

Gothic tapestries from Spain, recently restored, on view together for first time at the National Gallery of Art

MoMA presents first major retrospective devoted to the full scope of the career of Willem de Kooning

Extended Drawing: Exhibition by artists Sol LeWitt, Robert Mangold, Bruce Nauman & Richard Serra

Tony Curtis Collection tops $1 million at Julien's Auctions in Beverly Hills; more than twice the presale estimate

Artspace.com releases its first commissioned limited edition multiple with Lawrence Weiner

Jusepe De Ribera's masterpiece Mary Magdalene on view at the Meadows Museum

Hockney in Los Angeles: Iconic prints from the 70's and 80's at Leslie Sacks Fine Art

Peter Saul Print Retrospective, 1966-2010 opens at Carl Solway Gallery in Cincinnati

Christie's in New York to offer two exceptional photograph sales this October

Sotheby's in Hong Kong announces 20th century Chinese art autumn auction

William H. Bunch to auction private collection of classic cars, estate art, antiques and fine jewelry, Oct. 4

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September 18, 2011

Like Painted Silk: Large-scale exhibition of Pierre-Auguste Renoir's work opens in Chemnitz

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Paul Ha Selected as Director of the MIT List Center for the Visual Arts

Walter De Maria's first solo museum exhibition in the U.S. opens at the Menil Collection

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September 17, 2011

Exhibition of German portraiture around 1500 opens at the Hypo Cultural Foundation

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