Fancy Light Pink Diamond Ring Brings $358,500 as Top Lot in $5+ Million Fine Jewelry Event

0
407

NEW YORK, NY.- A superlative Fancy Light Brownish-Pink Diamond, Diamond, Platinum Ring was the subject of intense bidding and great admiration on its way to a final price of $358,500 on Monday, May 2, to top the offerings in Heritage Auctions‘ $4.957+ million New York Signature(r) Fine Jewelry Auction at the Fletcher-Sinclair Mansion. All prices include 19.5% Buyer’s Premium. “We saw some very good prices across the board, especially on diamonds,” said Jill Burgum, Director of Fine Jewelry at Heritage Auctions. “It all points positively to signs of a recovering market; our previews were well-attended from coast to coast, multiple bidding wars ensued at the event and, as a result, we saw top prices achieved.” All told, 1,253 bidders vied for just under 1100 lots, translating into a 90% sell-through rate by lot value. One of the most pleasant surprises of the auction was the $65,725 price realized for a natural