Thursday, 2 December 2010

Cartier Bracelet Breaks Records At Sotheby's Auction... 02/12/11

A diamond and onyx panther bracelet by Cartier sold for £4.5 million ($7 million) last week, a Sotheby’s and auction record for Cartier (and bracelets, for that matter!). The Sotheby’s auction sold over 20 pieces owned by the late Duke and Duchess of Windsor, raising a total of £8 million. Cartier is certainly one of the world’s most highly regarded jewellers, and this reminder of their rich heritage is nicely timed with their recent expansion. The MO Down reported earlier this week that Cartier are busily opening stores, making a concerted effort to enter the highly lucrative Chinese market in style.

David Bennet, chairman of Sotheby’s jewellery in Europe and the Middle East attributed the sale’s record-breaking success to the strength of the broader gem market. We suspected as much. International demand for precious gems is up, and rising still with an increasingly insatiable Asian appetite.

Also sold at a record price was a ruby, sapphire, emerald and diamond flamingo clip for £1.7 million pounds. The entire collection sold for £31 million, more than seven times the expected amount. The most valuable single-owner jewellery sale ever, we can’t help but envy you slightly Mrs. Windsor…

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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,