- Skinner-Tiffany art deco platinum and diamond solitaire up at auction-
In today’s economy of weakening real estate and stock prices, investors are now purchasing high-end jewelry at higher prices.
Harry Winston Diamond Corp reported second quarter 2010 results with sales increasing by 62% getting help with the recovery in the international diamond market. Winston posted its first profit in 1 1/2 years.
Tiffany & Co. reported that its worldwide net sales rose 9% in the second quarter ended July 31, 2010.
This year vintage antique and fine diamond jewelry is selling very well at auction houses with prices exceeding estimates.
At auction this year top price estimates were exceeded several times from Sotheby’s and Skinner. In Hong Kong earlier this year Sotheby’s had estimated that a rare, flawless 5.16 carat pear-shaped diamond would sell between $4.6 million and $5.8 million. The diamond from the collection of De Beers sold for $6.4 million at auction.
In June at Skinner Fine Jewelry Auction the top 5 lots were diamonds. The top selling lot was an Art Deco Sapphire and Diamond ring estimated at $25,000-35,000. It sold for more than six times the high estimate for $225,150.00.
Update-
Skinner’s auction of Fine Jewelry in September featured a Tiffany art deco platinum and diamond
solitaire, weighing 5.36 cts, sold for $281,000 (est $75,000-100,000)
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