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Sapphire, diamond and 14K white gold ring, $119,700

Fine jewelry spurred bidding wars at Freeman’s, Oct. 28

Sheila Gibson Stoodley
Sheila Gibson Stoodley
Sapphire, diamond and 14K white gold ring, $119,700
Sapphire, diamond and 14K white gold ring, $119,700

PHILADELPHIA— The result of Freeman’s October 28 Fine Jewelry and Luxury Accessories auction exceeded its pre-sale estimate by 10%, delivering exciting opportunities for collectors of well-known houses and makers, particularly Van Cleef & Arpels and Cartier.

Competitive bidding wars for statement rings and pendants pushed sale prices well above their estimates. Leading Thursday’s sale was a sapphire, diamond and 14K white gold ring that exceeded its pre-sale high estimate by nearly eight times to achieve $119,700. A color change alexandrite and 18K gold ring sold for $94,500, far surpassing its pre-sale estimate of $15,000-$20,000, and a pear-shaped diamond, colored diamond and 10K white gold pendant achieved $88,200.

Color change alexandrite and 18K gold ring, $94,500
Color change alexandrite and 18K gold ring, $94,500

Freemans confirms name-brand expertise 

Fine Jewelry and Luxury Accessories was populated by show-stopping works by a number of the most reputable and sought-after brands on the market today. The auction confirmed ongoing market demand for works by Van Cleef & Arpels, with an 18K gold bracelet studded with rows of diamonds selling for $63,000, an 18K gold and gem-set bangle exceeding its $10,000-$15,000 estimate to achieve $18,900, and an 18K gold and enamel bracelet selling for $12,600.

Van Cleef & Arpels 18K gold and gem-set bangle, $18,900
Van Cleef & Arpels 18K gold and gem-set bangle, $18,900

A diamond, turquoise and 18K gold brooch with matching ear clips by Cartier achieved $31,500; a J.E. Caldwell & Co. antique 14K gold and metal vanity set sold for $12,600; and an 18K gold chain by Nicolis Cola Italy achieved $12,600.

Cartier diamond, turquoise and 18K gold brooch with matching ear clips, $31,500
Cartier diamond, turquoise and 18K gold brooch with matching ear clips, $31,500

Additional highlights: classic diamonds

Market demand for timeless pieces highlighting diamonds is strong as ever, as seen in several results from the October 28 auction. A Verdura Regatta 18K gold and diamond necklace exceeded its estimates to achieve $17,640, while a pair of diamond and platinum earring jackets exceeded its pre-sale high estimate by nearly four times to sell for $18,900.

Diamond and 14K white gold riviere necklace, $25,200
Diamond and 14K white gold riviere necklace, $25,200

A diamond and 14K white gold riviere necklace from a private Philadelphia collection sparked interest from multiple competing bidders and sold for $25,200.

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