Christie's Paris Joaillerie online sale achieved 7 million Euros

The sale which took place online from 21 June to 7 July, achieved a total of : €6,976,625/$8,233,463/£5,965,874 selling 89% by lot, exceeding its presale estimate.

The highlight of the auction was the magnificent necklace by Jean Fouquet circa 1925, sold for €980,000/$1,164,858/£840,480, establishing a world auction record for Jean Fouquet (1899-1984).

Further highlights included a wide selection of diamonds achieving strong results. A magnificent cushion-cut diamond of 17.47 carats, F color and clarity VS1 (Lot 12) was sold for €680,000/$809,468/£583,190, ($46,335 per carat). A stunning circular-cut diamond of 7.38 carats, G color and clarity IF (Lot 51), estimated at €140,000-160,000 was sold for €200,000/$238,079/£171,527 ($32,260 per carat) (lot 51). Further highlights included an Art Déco section which offered delicate pieces such as a dragonfly brooch by René Lalique estimated at €20,000-50,000 which fetched €175,000/$208,010/£150,732 (lot 13). Colored stones set by famous Place Vendome jewelers  also attracted international collectors. A sapphire and diamond ring by Van Cleef & Arpels achieved €118,750/$141,150/£102,283 (lot 35) and a sapphire and diamond “Couronette” bracelet from the 19^th century estimated at €40,000-60,000 was sold for €75,000/$89,147/£64,599 (lot 46).

Violaine d’Astorg, Head of the Jewels department in France comments: “Strong results were achieved for our Spring online sale held in Paris. An iconic necklace by Jean Fouquet (1899-1984) was sold for nearly one million euros to a private European collector, more than doubling its presale estimate. With 10,480 online visitors, registered bidders came from 36 countries and 17% are first time bidders. A phenomenal display of Jewellery market strength was observed around the world as shown in the recent auctions held in Geneva, New York, Hong Kong, London. Life of Jewellery never stops at Christie’s, we look forward to the Geneva online sale starting tomorrow and live until Tuesday 20th July.”