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Christie’s 2018 jewellery sales hit US$492.3m

Christie’s generated a total of US$492.3 million in global jewellery auction sales in 2018, which signifies the market’s strong appetite for rare and ultra-fine jewellery.

Among the highlights were the Peacock Necklace with Kashmir sapphires and diamonds, sold for US$14,959,869; the Winston Pink Legacy, featuring a fancy vivid pink diamond centre gem of 18.96 carats, which was snapped up for US$50,375,000 or a price per carat of US$2,657,000; and the Bulgari Masterpiece, a fancy vivid blue diamond ring of 8.08 carats, which fetched US$18,312,500.

“We are delighted to announce that Christie’s maintains its position as the jewellery market leader for the 25th consecutive year. Over the course of 2018, we have witnessed the historic auction of art and jewellery from the collection of Peggy and David Rockefeller, the blockbuster sales of the Winston Pink Legacy in Geneva, the Peacock Necklace in Hong Kong, the exceptional price achieved for the sensational fancy vivid blue diamond ring by Bulgari and the world auction record realised for Suzanne Belperron in New York,” said Christie’s International Head of Jewelry, Rahul Kadakia.

The auction house said it also witnessed an increase in online sales. Revenues from live auction reached US$484.5 million while online auction sales were US$7.8 million.

“As we move into 2019, our global team of jewellery specialists look forward to bringing to market the very best jewels for our clients,” added Kadakia.

Source: JNA