The First Art Newspaper on the Net Established in 1996 United States Monday, November 24, 2014


Christie's Jewelry reports $678.3 million in sales for 2013
A model shows "the Orange" a 14.82-carat pear-shaped, vivid orange diamond. AFP PHOTO / FABRICE COFFRINI.
NEW YORK, NY.- As part of its year-end figures announcement, Christie’s 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 Christie’s 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, Christie’s Geneva led the company’s jewelry sales with US$228.4 million total.

Each one of Christie’s major sales regions orchestrated auctions of some of the most significant diamonds in the global auction market, holding six of the year’s 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 Christie’s 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 Christie’s Asia, notes: “In 1994, Christie’s 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 Christie’s 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 Christie’s demonstrate jewelry as art – gemstones of such quality they will perhaps only be seen once in a lifetime.”





Today's News

January 26, 2014

"New Order II: British Art Today" exhibition opens at the Saatchi Gallery in London

"Joseph Wright of Derby: Bath and Beyond" opens at the Holburne Museum in Bath

Pivotal work by Gaitonde to lead Modern & Contemporary South Asian Art sale in New York

Jean-Honoré Fragonard masterpieces reunited at Toledo Museum of Art after 25 years

American Folk art from the Collection of Ralph O. Esmerian achieves $13 million at Sotheby's New York

Paul Newman's working script for the Academy Award winning film The Sting up for auction

Guggenheim presents "Carrie Mae Weems: Three Decades of Photography and Video"

The Galleries at Moore College of Art & Design open a survey of punk and post-punk graphic design

LAEDC publishes economic impact study of LACMA's Transformation Project

Architecture of Density: Exhibition of iconic works by Michael Wolf on view at Flowers gallery

"Taking Shots: The Photography of William S. Burroughs" on view at The Photographers' Gallery

First exhibition at Friedman Benda for American painter Ena Swansea opens in New York

The journeys to the end of the world arrive at MACBA with "Before Our Eyes. Other Cartographies of the Rif"

William J. O'Brien's first major survey exhibition opens at The Museum of Contemporary Art Chicago

La voix humaine: Kunstverein Munchen opens group exhibition based on Jean Cocteau's one-act play

Exhibition of new work by Kota Ezawa on view at Christopher Grimes Gallery

Haus der Kunst exhibits a selection of videos and film installations from the Goetz Collection

Exhibition offers a glimpse into the Ryan McGinness' studio and the process for his VMFA commission

Half a million archeological items 'pillaged' annually in France

Associated Press asks George Zimmerman to halt painting sale

University of Richmond Museums opens "Virginia Rocks! Geologic Selections from the Collection"

All Lit Up On Wine: Debut solo exhibition by Thrush Holmes opens at Mike Weiss Gallery

Christie's Jewelry reports $678.3 million in sales for 2013

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