The Top Five... Biggest collectible jewellery sales of 2010



2015-06-26 12:09:05

The Top Five... Biggest collectible jewellery sales of 2010

Here are our highlights from the record-breaking rocks that have sold for tens of millions this year

There is an old Chinese proverb that says "Better a diamond with a flaw than a pebble without."

It seems collectors agree, as diamonds have dominated the jewellery market in 2010 (as opposed to the pebble market, which remains relatively unchanged).

Auction houses across the globe have seen World Records smashed and as the global economy has struggled to stabilise, the sale of diamond jewellery has gone from strength to strength.

The emerging Asian markets have played a huge part in the boom, with three of the top five sales taking place in Hong Kong.

Andas alternativeassets become a staple of every financial portfolio,the jewellery market is proving to be particularly popular for investors looking to branch out.

Here we present five of the biggest jewellery sales of 2010:

1) At number one in our list it could only be the 24.78 'Fancy Intense' Pink Diamond, which sold for a World record price of $46m in Geneva earlier this month.

Bought by the top British diamond trader Laurence Graff, the diamond previously owned by legendary New York Jeweller Harry Winston broke the previous sale record of $24.17m to become the most expensive jewel ever sold. It has an emerald cut with softly rounded corners, and is (unsurprisingly) one of the rarest in the world.

2) At number two is the BVLGARI Blue, a two-stone ring featuring a rare 10.95 carats Fancy Vivid Blue diamond. It was the largest triangular-shaped Fancy Vivid blue diamond ever to appear at auction, and sold for $15,762,500 (an astounding $1.4m per carat) at Christie's New York in October.

BVLGARI Blue diamond.

3) At number three is another record breaker. A Kashmir 49.61 carat sapphire and diamond bracelet became the world's most expensive bracelet when it sold at Christies in Hong Kong this year for $7.63m. It had previously been sold in 1988 for a mere $1.8m, meaning an enormous 323% increase in price over 22 years.

4) At four we have the important diamond riviere necklace sold by Sotheby's on April 7 in Hong Kong. The necklace, comprising 50 DIF white diamonds, sold for an incredible $6.68m making it themost expensive lot of the auction. Just above....

5) ...number five in our list, the magnificent 5.16-carat De Beers Millennium blue diamond ring.Sold in the same Hong Kong auction, the internally flawless jewel had previously resided in the legendary De Beers Millennium Jewels Collection, and fetched $6,432,771.

2010 has shown that diamonds never go out of style, and that collectors looking to invest in jewellery see diamonds as the safest(and shiniest)bet.

Could 2011 see more of the same? With pricesincreasing towards the end of this year there's every chance the market could continue to grow, and astraditional stocks and shares fail to impress, more and more peoplecould belooking toice instead of ISAsfor a solid return.

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