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Sotheby's to offer the most valuable white diamond ever to appear in a New York auction
Exceptional Pear-Shaped Diamond, 74.79 carats, D color, VVS1 clarity, potentially Internally Flawless, type IIa. Estimate $9/12 million. Photo: Sotheby's.
NEW YORK, NY.- Sotheby’s annual spring auction of Magnificent Jewels on 17 April 2013 will offer 400 lots, together estimated in excess of $35 million. The centerpiece of the sale is an exceptional pear-shaped diamond of nearly 75 carats, estimated at $9/12 million*, which marks the most important white diamond ever to appear at auction in the Americas. The stone is one of very few pear-shaped diamonds of D color over 50 carats to be offered in recent decades – its remarkable size and pure color position it in the company of named diamonds such as the Star of the Season, 100.10 carats, sold by Sotheby’s in 1995 for a then-record-breaking $16.5 million.

Lisa Hubbard, Chairman, North & South America, Sotheby’s International Jewelry Division, commented: “This truly exceptional stone exemplifies the strength of the white diamond market over the last decade. It was acquired by the present owner in 2001 for $4.3 million, and today we have estimated it conservatively at $120,000 per carat. The stone has universal appeal, and we anticipate that it will draw attention from both the diamond industry and discerning private collectors alike.”

Lisa Hubbard continued: “Recognizing that the strength of the jewelry market at this moment lies in pieces that have emerged from private collections – most recently evidenced by the success of jewels owned by Mrs. Charles Wrightsman and Estée and Evelyn H. Lauder – we have curated the April auction to include a wealth of wonderful, fresh-to-the-market pieces, such as rare colored stones from the Gould family and iconic styles including Cartier’s ‘Tutti Frutti’ bracelet and panther brooch.”

Highlights from the sale will be on view in the Hong Kong Convention & Exhibition Center from 3–7 April before returning to New York for exhibition on 13 April, alongside a selection of pieces from the upcoming Geneva auction of Magnificent Jewels & Noble Jewels.

IMPORTANT DIAMONDS
Magnificent Pair of Fancy Pink Diamond and Diamond Pendant-Earclips
The pear-shaped pendants weighing 5.79 and 5.68 carats
Estimate $3.5/4.5 million

Originally sold by Sotheby’s in 1987, these earclips are distinguished by their classic pear-shaped diamond pendants – an exquisite pair of pink diamonds that are particularly rare today as they were cut prior to the modified cuts being introduced to the market.

From the Estate of Lynn Wolfson
Magnificent Square Emerald-Cut Diamond Ring
21.46 carats, D color, Internally Flawless, type IIa
Estimate $2.5-3.5 million

This ring highlights jewels from the estate of Lynn Wolfson – a leading benefactor of the performing arts in Miami, Florida for more than 30 years. Her most important legacy to her community is the Wolfson Moving Image Archives which preserve the visual history of America for future generations.

FROM THE GOULD FAMILY COLLECTION
Six jewels from the family of financier and railroad magnate Jay Gould offer a glimpse into the past – a time when diamonds and fine colored stones were integral to fashion, society and one’s family legacy. Acquired in the first half of the 20th century, today it is a rare occasion to find a selection of important jewels at auction that have remained in the same distinguished family for decades.

Formerly from the Estate of Sarah Cantine Shrady Gould and Thence by Descent
Emerald and Diamond Brooch
22.48 carats, Classic Colombian
Estimate $400/600,000

Dated circa 1920 and designed as a stylized jardinière, this brooch represents a stylistic transition from the delicacy of the Belle Époque to the geometricism of Art Deco. Its showcased emerald is of superb saturation and transparency, made all the more remarkable for its complete lack of clarity enhancement.

Formerly from the Estate of Florence Bacon Gould Sturgeon and Thence by Descent
Emerald and Diamond Ring
15.23 carats, Classic Colombian, circa 1930
Estimate $750,000/1 million


Formerly from the Estate of Marianne Gould McDonough and Thence by Descent
Sapphire and Diamond Ring, John Rubel
31.34 carats, Ceylon, circa 1947
Estimate $200/300,000


ADDITIONAL HIGHLIGHTS FROM PROMINENT PRIVATE COLLECTIONS
From a Distinguished European Collection
Carved Colored Stone, Diamond and Pearl
“Tutti Frutti” Bracelet, Cartier
Estimate $300/500,000

This bracelet, circa 1930, is a unique illustration of the marriage between Eastern and Western influences in jewelry making. So rare is the incorporation of both pearl accents and a carved emerald drop in the “Tutti Frutti” oeuvre that this example may have been specially commissioned from Cartier upon the client’s request.

Formerly from the Collection of Katharine Dexter McCormick
Ruby and Diamond Ring
4.36 carats, Classic Burmese, circa 1900
Estimate $400/600,000

Katharine Dexter McCormick (1875-1967) was a philanthropist and social advocate who devoted her life to advancing women’s rights. This ring was her engagement ring from Stanley McCormick, heir to the International Harvester fortune.

From the Estate of Micheline Muselli Lerner
Diamond Rivière Necklace, Van Cleef & Arpels
Estimate $125/175,000

Corsican-born attorney Micheline Muselli Lerner was married to Alan Jay Lerner, the celebrated lyricist known for such hit shows as Brigadoon, An American in Paris and My Fair Lady. She wore this diamond rivière, a highlight of the estate’s collection, to the Academy Awards on the evening her husband was honored with three statues.

Property of a Lady
Diamond, Onyx and Emerald Panther Brooch, Cartier, Paris
Estimate $150/250,000

The panther motif utilized by Cartier is one of the most iconic jewelry designs of the 20th century. This skillfully crafted articulated jewel allows for the paws, tail and head of the big cat to move with the same agility as its real-life inspiration.





Today's News

March 26, 2013

Leopold Museum is first to present a comprehensive exhibition dedicated to cloud depictions

Geoffrey Farmer's The Surgeon and the Photographer at The Curve, Barbican Centre

Extraordinary finds from archeological sites in Malta travel for first time to United States

The Springtime of the Renaissance: Sculpture and the Arts in Florence 1400-60 opens at Palazzo Strozzi

BP to be lead sponsor of historic exhibition bringing masterpieces from the Hermitage to Britain

Sotheby's to offer the most valuable white diamond ever to appear in a New York auction

The Museum of the City of New York opens Stephen Burrows: When Fashion Danced

Image of 1930's Underground for sale at Bonhams Prints Sale on 16 April in London

Myers Fine Art's April 7 auction features paintings acquired directly from noted artists' estates

Sterling Ruby presents an installation of new ceramics, collages, fabric and urethane sculptures at Hauser & Wirth

Exhibition of rarely seen American and European quilts on view at the Brooklyn Museum

Work by painter who defined 20th century Greek art for sale at Bonhams' Greek Sale

Classic Saturday Evening Post covers highlight Heritage Illustration Event in Beverly Hills

SA poet's vow to translate works of Saint who saved him during Spanish Civil War at Bonhams

Library of Congress displays Gettysburg Address for six weeks

Palace Art and Craft Fair returns for the third year at Fulham Palace

Work of art from the Fine Arts Center's Permanent Collection on U.S. postage stamp

Strangers in a Strange Land: New works by Liverpool Art Prize 2012 winner

Sotheby's auction of the collection of the British aesthete Mark Birley closes with 99% of all the lots sold

Major donation towards the Kunsthaus extension

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