The Annenberg Diamond

October 23, 2009


Good news on the auction front: several major jewels recently sold at prices far above their estimates. This is exciting on a couple of levels: First, it means the economy is starting to recover, which is a good thing for everyone. Second, it just shows you that certain brands and classic style never really lose its value.

Point in case: The Annenberg diamond (above), a 32.01-carat D-flawless stone mounted in a ring by Manhattan jeweler David Webb, sold for $7.7 million at Christie’s, much higher than the $3 million to $5 million pre-sale estimate.

Another high point was a diamond and rock crystal bow brooch by Cartier estimated at $200,000 – $300,000 that sold for $1.1 million. These buyers obviously know that if you invest in time-honored brands and spectacular gemstones, there’s an inherent value that will never go away.

If you’re looking for pieces that will last a lifetime, definitely check out our SOLID GOLD curated selection of bags, watches, jewelry and accessories.

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