Monday, 17 May 2010

Christie's Semi-annual Sale Results In Soaring Prices - 17/5/10

Last week we brought you news of tremendous sales at the semi annual Sotheby’s auction, with one blue cushion-shaped diamond selling to an anonymous buyer for 8.93 million Swiss francs. This week, we bring you news that rival Christie’s semi-annual sale saw yet another precious diamond sold at a staggering amount.

Again to an anonymous buyer, the flawless white diamond, weighing in at 40.21 carats, sold for 5.69 million Swiss francs. Christie’s focused on rare diamonds and exquisite vintage jewels at their semi-annual sale, bringing in a total of $33.9 million, with every lot in the special ‘Cartier section’ selling. Jean-Marc Lunel of Christie’s in Geneva, stated of the nature of the purchases “once again diamonds dominated the total, although signed period jewels proved the most popular in the sale.”

Although the stand out flawless white diamond didn’t beat the price of its counterpart sold at the Sotheby’s sale, these record breaking prices have revealed that the international market is back in full swing, and that high prices won’t stand in the way for some buyers who simply want pure luxury.

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Melinda O’Rourke is the founder and Director of MO Luxury, a dynamic, Sydney-based management firm specialising in luxury brands and services. Melinda and her associates at MO work with local and international brands across prestige retail, fashion, fine jewellery, timepieces and specialised services. Melinda is well-connected, well-read, and well-versed in the demands of the luxury market and its client base. Her advice is firmly based in objectivity and ultimately, accountability. Melinda offers constructive counsel and both strategic and creative thinking and is able to draw upon a strong network of specialised talent to compliment the MO Luxury team as needed. Melinda enjoys excellent industry relationships and is regularly quoted in the business and fashion media. Read more about MO Luxury,