Lady Houston's £311k pearls sell at auction
Lady Houston's 311k pearls sell at auction
A 2.2m sale has topped a dazzling year for jewellery at Bonhams
Bonhams' recent sale, The Art of Jewels: Fine Jewellery and Iconic Gems, proved the enduring attraction of rare and beautiful jewelled items, despite the economic downturn.
Highlights included a brilliant-cut 5.01cts, D colour diamond, which sold for 180,000 and an internally flawless fancy intense yellow radiant-cut 9.12cts diamond, sold for 120,000. A rare art deco black lacquer and diamond bangle, by Cartier, sold for 96,000 from an estimate of 20,000-25,000.
The top lot was a natural pearl necklace which once belonged to Lady Houston. Itachieved a remarkable 311,200 - 10times its lower estimate of 30,000.
Lady Houston's pearl necklace, which sold for 311k
The impressive double-row necklace with graduated pearls is made up of large natural pearls of outstanding quality between 5.8-12.8mm.
In addition tothe quality of the necklace, there was a memorabilia aspect to the sale which probably increased the price. Lady Houston donated a considerable amount of her personal fortune in support of British aviation which would eventually lead to the design of the Spitfire, an integral part of Britain's national defence during WW2.
The sale achieved 2.2m and was dominated by private buyers seeking the perfect Christmas gift or simply collecting objects of outstanding beauty.
Bonhams' London jewellery department has had their most successful year ever.
Jean Ghika, Director of UK and Europe at Bonhams Jewellery department commented: "The strong prices achieved demonstrate just how buoyant the market is for natural pearls and period jewels that are fresh to the market. 71% of our buyers were private customers and our most valuable lots were bought by private individuals".
Bonhams' success in the jewellery market this year echoes the success of Christie's, which has seen over $100m worth of jewels go under the hammer in the US, ending the year with a $5.4m diamond sale.