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Sotheby’s to Sell 33ct. Flawless Diamond Necklace

Sotheby’s Magnificent Jewels spring sale in New York will feature a 33.25-carat, D-flawless diamond pendant necklace with an estimate of $5 million.

“The event — one of three New York sales Sotheby’s will hold this month — will also include an array of colored-diamond jewelry. A 7.01-carat, fancy intense pink, SI2-clarity diamond ring is expected to go for $4.2 million to $5.2 million, and a ring with an emerald-cut, 7.37-carat, fancy intense orangey-pink, VS1 stone has been valued at $3 million to $5 million. Blue and yellow diamond rings are among the lots.

Leading the Fine Jewels sale, meanwhile, will be a cushion-cut, 52.89-carat Cartier blue sapphire and diamond ring estimated at between $125,000 and 150,000. Another anticipated high-seller is a diamond, ruby and sapphire ring with an estimate of $100,000 to $125,000.

Sotheby’s will also feature estate jeweler Fred Leighton’s personal collection in The Jeweler’s Eye auction, which it will hold directly after the Magnificent Jewels sale on April 18.” says Rapaport.