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…
Image credit: theglobeandmail.com
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