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CHRISTIE'S JEWELS: THE NEW YORK SALE DEEMED 'AN AUCTION TO REMEMBER'
22 October 2009

Christie's fetched $46, 513,050 at its most recent sale, Jewels: The New York Sale & The Annenburg Diamond, Rare Jewels and Objets d'Art: A Superb Collection. The international auction house reports that 327 out of 385 lots sold, which achieved a combined sell-through rate of 85 percent by lot and 94 percent by value.

The sale's highlight of the evening, the Annenburg Diamond, a rectangular-cut 32.01-carat D flawless diamond broke records and estimates by selling for $7,698,500, or $240,000 per carat.

Other top sellers passing the $1 million mark included: a 16.33-carat E color internally flawless circular-cut diamond sold for $1,583,300 or $97,000 per carat; a pair of pear-shaped fancy blue (7.18 carats) and fancy light pink (8.04 carats) diamond ear pendants sold for $1,426,500; a second pair of ear pendants, pear-shaped diamonds of 7.51 and 8.18 carats, D color, internally flawless sold for $1,202,500 or $76,000 per carat; and a brooch by Cartier consisting of a belle époque diamond and rock crystal bow, sold for $1082,500.

"It was as if the recession never happened," remarked Rahul Kadakia, Head of Jewelry at Christie's New York of the sale, which took place for three hours in the morning and then resumed for another four and a half hours in the afternoon. "Virtually every lot exceeded its estimate and the $7.7 million Annenburg diamond astonished even the most seasoned diamond dealer," he added. "It was an auction to remember."

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