Doyle's New York to Hold Auction in LA

Continuing the westward move of auction houses Doyle will hold its Inaugural West Coast Auction in Beverly Hills on Thursday, May 21, 2015 at 10am. These important sales address an entire demographic that has been ignored in the past by the established Eastern houses. 
The sale of Fine Jewelry will feature exquisite designs by such prestigious makers as Van Cleef & Arpels, Cartier, Bulgari and Tiffany & Co. Comprising over 250 lots, the sale showcases jewelry set with diamonds, colored gemstones and pearls, as well as gold jewelry, fine watches and gentlemen's accessories.
One star of the show will be the dazzling collection of jewelry once owned by film star Mae West, comprising a circa 1950 platinum and diamond bracelet-watch by Fred and a platinum, moonstone and diamond ring.

'Sunrise Ruby' Steals the Show at Sotheby's Auction

The “Sunrise Ruby,” a 25.59-carat untreated pigeon’s blood red-colored stone set a new world auction record for price paid for a ruby on Tuesday at the Sotheby's Geneva sale. The ruby was initially estimated to sell at between $12-$18 million but bidding soared to $30.3 million, demolishing the existing ruby auction record that was held by the $8.6 million sale of the “Graff Ruby.” The ring also set a record for the price paid for a jewel by Cartier. It was sold to an million to an anonymous buyer.
The high price of the ruby heavily contributed to the Sotheby’s Magnificent and Noble Jewels auction which the highest-ever total for any jewelry auction at $160.9 million, deposing the Christie’s November 2014 sale of Magnificent Jewels in Geneva, which totaled $150.2 million.

Also performing well but not meeting pre-sale expectations was the “Historic Pink." The 8.72-carat fancy vivid pink diamond sold for $15.9 million, below its pre-sale high estimate of $18 million.
David Bennett, worldwide chairman of Sotheby’s international jewelry division had this to say about the sale: 
“(The) record result is the reflection of outstanding quality of the pieces in the sale across the board,...The galleries have been brimming with collectors during our worldwide exhibitions, and this translated into lively bidding throughout the sale … with truly global demand for the finest diamonds, gemstones and signed pieces of the very highest order.”

The entirety of the auction results can be viewed at Sotheby's