NEW YORK, NY.-
As part of its year-end figures announcement, Christies
reports a record-breaking result for global jewelry sales in 2013, with US$678.3 million (£432 million) the highest annual result ever achieved for jewelry in the auction house. The tally represents an 18% increase (20% in £) over Christies 2012 total, and beats its previous highest annual jewelry record of US$600 million, set in 2011, which included The Collection of Elizabeth Taylor the most valuable sale of jewelry in auction history. Upon executing the sale of The Winston Legacy in May and The Orange in November, Christies Geneva led the companys jewelry sales with US$228.4 million total.
Each one of Christies major sales regions orchestrated auctions of some of the most significant diamonds in the global auction market, holding six of the years top ten jewels sold at auction in 2013. Over one hundred twenty jewels sold in excess of US$1 million, fourteen lots sold above US$5 million, and five above US$10 million. Colored and colorless diamonds, natural pearls, distinguished private collections, and three successful online-only jewelry auctions all contributed to this tremendous leap in Christies results. With many new buyers in Europe, the U.S., and Asia actively participating at a high level, competition has become more intense than ever for rare jewels and gems of only the highest quality.
François Curiel, International Head of Jewelry and President of Christies Asia, notes: In 1994, Christies worldwide jewelry sales totaled US$190 million, with Geneva, London, and New York as our most important centers, where top-quality gemstones traded at US$80,000 per carat. In November 2013, at Christies Geneva, we sold THE ORANGE for a world record price of US$35.5 million and US$2.4 million per carat and achieved US$125.3 million in one sale. Last year, the prices achieved and the records set soared above all previous records and raised the jewelry auction market to an entirely new level. The top ten jewels sold at Christies demonstrate jewelry as art gemstones of such quality they will perhaps only be seen once in a lifetime.