Christie’s Dubai auction of Jewels and watches realises $8.6 million

Posted: 29-04-2010 , 08:07 GMT

Christie’s, the world’s leading art business announces tonight a further successful auction result of $8,589,250 / AED31,539,726, surpassing its pre-sale estimate. The top lot was a 17.71 carat, D colour, VVS2 clarity rectangular diamond ring, by J.Roca, which sold for $1,345,500 / AED4,938,840 / or $75,974 per carat; followed by a 26.61 carat rectangular fancy intense yellow diamond ring, selling for $722,500 / AED2,653,020 / or $27,000 per carat. Firm prices for diamonds this evening underlined the continuing strength of this area of the market. The auction was 82% sold by value and 72% sold by lot. The buyer breakdown by lot was 53% from the Middle East, 15% from Europe, 9% from the Americas and 23% from Asia.