We revealed yesterday that Jeweller Bulgari SpA reported a narrower first-quarter loss on rising sales of necklaces and perfume. Now, we’ve heard reports of soaring jewel prices at a recent Sotherby’s auction.A Reuters article stated that flawless diamonds and pieces by Cartier, Bulgari and other jewellers sold for several times estimated prices earlier in the week.
David Bennett from Sotherby’s said, “Some 50 percent of lots sold for above their estimate. It's a tremendous result.”
The G.F.C does not seem to have affected rare and exclusive luxury items. What we are enamoured with is the once-in-a-blue-moon sale of a "blue cushion-shaped diamond weighing 7.64 carats," which went under the hammer for 8.93 million Swiss francs to an anonymous buyer... well you would keep it hush hush wouldn't you...
Image credit: Upscale Hype. It shows the blue diamond.
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