New Australian Auction Jewellery Record Set as 17.34ct Diamond Ring sells for $575,000 IBP

Leonard Joel is thrilled to announce that on the 26th of August 2020 in Sydney its Important Jewels department realised a new Australian auction record for a piece of jewellery.

The previous record of $450,000 was well and truly smashed when Lot 35, an impressive 17.34 carat emerald-cut diamond ring set in platinum, sold for $575,000 (IBP).

John Albrecht says “In seven short weeks Hamish Sharma, formerly of Sotheby’s Australia, has curated our inaugural Important Jewels auction and delivered a record-breaking sale. I couldn’t be happier with the single result and the auction realising 1.3M (IBP).”

Hamish Sharma says “My decision to join the Leonard Joel team was prompted by John’s unparalleled commitment to both the development of the jewellery auction category and creating the first truly national jewellery auctioneer. My passion and expertise lies in the exceptional quality jewellery market and I’m so pleased that Leonard Joel now has this capacity. There is simply no jewellery auction market in Australia as broad and as deep as Leonard Joel’s offering.”

Lot 35, an impressive 17.34 carat emerald-cut diamond ring set in platinum, sold for $575,000 (IBP).

Auctioneer Ronan Sulich, formerly of Christie’s, took to the rostrum as bidders joined the auction in the room, live on the internet, over the telephone or via absentee bid, to secure the magnificent jewels. Other highlights from the sale included lot 40, an amazing platinum and diamond bracelet circa 1930 that sold for $187,500 IBP and lot 43, a platinum, sapphire and diamond ‘Trombino’ ring by Bulgari that sold for $125,000 IBP.

Leonard Joel’s next Important Jewels Auction in Sydney is scheduled for the 8th of December and consignments are now being invited.

Hamish Sharma | Head of Important Jewels | 02 9362 9045 | +61 (0) 422 157 497