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Pearls set Auction record

The spring auction season in New York kicked off without much fanfare at Christie’s, where its sale of magnificent jewels tallied up $41,951,125 against a $40 million presale estimate.
The event had some highlights such as the sale of the top lot of the day, a 5.29-carat fancy intense purplish pink diamond, which after a round of moderately competitive bidding, sold for $5,765,000 or $1,090,000 per carat to a dealer on the phone. Of the 310 lots offered, 238 sold and the sale was 77 percent sold by both value and lot.

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