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Diamonds Shine Their Brightest at Heritage Jewelry Auction

06 Jan / 11
Diamonds Shine Their Brightest at Heritage Jewelry Auction
World’s third largest auction house, Heritage Auction Galleries, scored its highest result to date in the category of fine jewellery as its Signature Fine Jewelry Auction sold out some truly stunning rocks, bringing in a total of £2.7 million ($4.2+ million USD) on December, 13, 2010.

The star lot of the sale was a fantastic diamond and platinum ring, featuring one emerald-cut diamond of 18.40 carats, adorned by a number of triangle-shaped diamonds weighing a total of 5.00 carats. The magnificent ring arose some heated bidding, fetching in the end a whopping £249 thousand, which more than doubled its pre-sale estimate of £113 thousand.

Other highlights of the auction include a diamond platinum/gold ring, featuring a pear-shaped diamond of 11.30 carats, enhanced by tapered baguette-cut diamonds, which went for £153 thousand (against its pre-sale price of £96 thousand), and a fancy colour diamond ring, featuring a Fancy Yellow Internally Flawless diamond of 10.62 carats, which realised £107 thousand (the pre-auction estimate being £64 thousand).

Proving that jewellery auctions are not held only to amuse the wealthiest of this world with some dazzling knick-knackery, another diamond, platinum/gold ring was sold to raise funds for Scottish Rite Hospital for Children in Dallas. The ring generated £95.7 thousand for a good cause.

“This collection was all about certified diamonds ranging in sizes from 3.00 carats up to 18.00 carats,” said Director of Jewelry at Heritage, Jill Burgum, “and our clients clearly responded to the selection. It’s also safe to say that big diamonds are back in demand. This particular auction showcased five diamonds, each weighing more than 10.00 carats.”
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