Diamonds Prove a Safe Haven

At the Fine Jewellery Auction on Sunday June 17th 2012 a record number of absentee, telephone and room bidders were recorded and a packed saleroom only added to the sense that a healthy auction result awaited. Big diamond jewellery, precious metal wristwatches and signed jewellery were literally “gobbled up” by both private and trade clients keen to park some dollars in precious gems and metals.

15 2The highlight of the sale was lot 206, a diamond riviere by the Melbourne jewellers Kozminsky that realised $42,700 against a low estimate of $35,000. Diamonds seemed to dominate the top results for the auction which extended to diamond encrusted wristwatches with lot 306, a ladies Cartier Tank Francaise diamond wristwatch, realising $12,800 (IBP) and lot 308, a splendid timepiece decorated with diamonds by Frank Muller (illustrated) that sold well above its low estimate of $6,000 for $12,200 (IBP). Of lots sold 105% by value was realised for an auction total including buyer’s premium of $705,000. Fine diamond jewellery, valuable wristwatches and luxury items are now being sought for our September round of auctions.

John D’Agata Head of Jewellery
Tel: +61 (0)3 8825 5605
Email: John D’Agata

Image Details
Lot No. 308
Estimate $6,000-$8,000
Hammer Price: $10,000
Price IBP: $12,000