Published: June 8, 2017
LONDON — Sotheby’s jewels sale on June 7 exceeded presale expectations to achieve $6.6 million, with 80.1 percent of the lots sold. With an exceptional selection of contemporary and antique jewels and decorative accessories on offer, the sale was driven by competition from a broad spectrum of international buyers.
The sale was led by the newly discovered cushion-shaped diamond, named the “Tenner” diamond, which sold for $850,000, including premium. The ring was originally purchased in the 1980s from at a flea market sale for $10, when it was assumed to be a decorative costume jewel. The ring was recently confirmed by the GIA as a genuine diamond.
Another highlight of the sale was a Cartier diamond brooch worn by Margaret Thatcher on a number of high-profile public occasions, including the day she offered her resignation as prime minister to the queen. With its unique geometric chevron design, the brooch piqued the interest of buyers to achieve $105,000, proceeds of which will be donated to the Endeavour fund, a charity that supports the recovery of wounded, injured and sick servicemen and women.
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