Birmingham’s biggest jewellery auction of the year achieves hammer price over £1m

123
Birmingham’s biggest jewellery auction of the year achieves hammer price over £1m

Fellows Auctioneers held Birmingham’s biggest jewellery auction of the year last week, with many pieces selling in the tens of thousands.

The Birmingham auction was extremely well attended on Thursday November 8, with people travelling from around the world to visit the Birmingham saleroom to view and take part in the auction. Some interested parties came from as far as South Africa and Asia, as well as Europe.

The Birmingham auction house sold its most expensive pair of earrings to date when pear-shape diamond drops, weighing 3.98 and 3.15cts respectively, sold for a hammer price of £64,000 (£81,664 incl. fees).

The star lot of the auction however was a large single-stone diamond ring, weighing in at over 13cts. The emerald-cut diamond sold for £310,500 shortly followed by an impressive diamond fringe necklace which sold for £177,160.

The ring went in to auction with an estimate of £100,000 – £150,000. The emerald-cut diamond came in at 13.86cts, with tapered baguette-cut diamond sides and was accompanied by a report from the Gemological Institute of America, stating H colour, VS2 clarity.

There were 14 telephone bids, in multiple languages, for the ring of 13.86cts, and the bidding war lasted over five minutes. Interest was also strong from the room and commission bids. Bids flew across the saleroom and were met with applause when the ring eventually sold to a bidder in the room for a whopping hammer price of £255,000.

Stephen Whittaker, managing director at Fellows Auctioneers, said: “This auction shows us, without a shadow of a doubt, that people are willing to bid on, and buy, high-value pieces when they have sensible estimates.

“The interest, both at home and abroad, in the auction demonstrates that Birmingham is a hub for fine jewellery, both in our auctions and in the Jewellery Quarter as a whole. We are delighted to have been able to sell this magnificent private collection amongst many over hugely desirable items in the sale.”

Numerous items from Graff sold for incredible amounts during the Antique & Modern Jewellery auction, which took place on the dat. A pair of diamond cufflinks by Graff sold for £24,244 and two pairs of diamond dress studs sold for £25,520 per pair.

News Source: professionaljeweller.com

Disclaimer: This information has been collected through secondary research and TJM Media Pvt Ltd. is not responsible for any errors in the same.

LEAVE A REPLY

Please enter your comment!
Please enter your name here