Sotheby's Australia Dazzles with Record Result of $2.93 Million for a Jewels Auction in Australia

Sotheby's Australia's auction of Important Jewels & Watches achieved $2.93 million, the highest ever total for a jewels and watches auction in Australia The record-setting sale was the first auction to be held in Sotheby's Australia's newly restored heritage building in Collins Street, Melbourne, and featured a superb selection of diamonds, coloured diamonds and precious gemstones, including magnificent pieces of signed jewels by the most celebrated international jewellers and watchmakers Geoffrey Smith, Chairman of Sotheby's Australia commented: 'An outstanding record result of $293 million for an Australian jewels and watches sale was achieved by Sotheby's Australia last night in Melbourne.

The global appeal of diamonds was reasserted, with numerous pieces capturing the attention of international collectors, with a platinum and 15.09 carat diamond ring selling for $366,000 Impressive gemstones generated fierce competition, with an 18ct bi-colour gold, 4.55 and 4.59 carat emerald and diamond earrings sold to a room bidder for $134,200 Competitive bidding erupted for jewels and watches by the most established makers, including Bulgari, Cartier, David Webb, Patek Philippe, Rolex and Tiffany & Co'.

Participants from over 15 countries contribute to Sotheby's Australia's highest ever sale result for jewels and watches. . Source