Coral necklace auctions with 45% increase on estimate



2015-06-26 13:12:52

Coral necklace auctions with 45% increase on estimate

A coral necklace made $11,500 at Bonhams' jewellery and watches auction in San Francisco

A graduated, three-strand coral necklace led Bonhams' San Francisco Salon Jewellery and Watches auction on March 25.

Estimated to be worth $6,000-8,000, the necklace sold with a 44.5% increase on its top valuation, for $11,500.

Salon Jewellery and Watches auction A coral graduated three strand necklace highlighted Bonhams Salon Jewellery and Watches auction

A group of three unmounted coloured diamonds also sold with strong results, bringing $11,250. Having been given the conservative top estimate of $2,500, the diamonds' sale price represents a 350% increase.

Lynn Arkin, a jewellery specialist at Bonhams, commented: "Colour was a big winner in this sale, along with signed pieces from Cartier, Schlumberger and Tiffany & Co."

With a 75 carat white diamond to cross the block at Sotheby's in April, and a D-colour flawless diamond to wow crowds at Christie's in May, strong diamond sales suggest the current world record for the most valuable colourless diamond at auction might soon be exceeded.

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