Auctioneer Press Release Rago

A Record-Setting Necklace, Diamonds & Gemstones Propel $1.9m In Jewelry Sales at Rago in June

Jun 18,2018 | 11:00 EDT By Rago

Lambertville, NJ: Rago’s June jewelry auctions brought $1,903,081 in two sessions: unreserved jewelry on June 8 and fine jewelry on June 10. The highest price achieved by a single lot went to Lot 2051, a rare enameled and yellow gold gem-set collar necklace by master metallurgist Marie Zimmermann, which sold for $53,125, making it the highest price achieved at auction for a piece of jewelry by Zimmermann. The sale of this necklace continues Rago’s legacy of record-breaking auction prices by the artist; the overall auction record for any object by Marie Zimmermann was achieved at Rago in 2005 when a jeweled box sold for $125,000. That piece is now at The Metropolitan Museum of Art, New York.

Lot 2051, Rare Marie Zimmerman Necklace; Sold for $53,125

The Marie Zimmermann necklace was the star of Sunday’s fine jewelry segment, which realized $1,633,688 in sales, achieving strong prices across the board for diamonds, gemstones, Art Deco works and signed contemporary pieces. Highlights include Lot 2357, a pair of 8.80 cts. TW OEC diamond drop earrings, which sold for the high estimate of $50,000; Lot 2302, an impressive Art Deco diamond & platinum line bracelet, which sold for $40,625; Lot 2356, a 5.83 cts. OEC diamond & platinum ring which soared past the high estimate of $20,000 to sell for $33,750; Lot 2437, an unmounted 5.90 cts. brilliant-cut pear-shaped diamond which shattered the high estimate of $18,000 to achieve $26,250; and Lot 2290, a Cartier Art Deco “A” jade, diamond and enamel double-headed cliquet pin, which realized $26,250 – more than twice the high estimate of $12,000.

Lot 259, Blue Topaz, Diamond & Platinum Ring; Sold for $2,125

Rago’s session of unreserved jewelry on Friday, which brought in $269,394 in sales, also saw strong performances from diamonds, gemstones and gold. Highlights include Lot 47, an Edwardian aquamarine, diamond & platinum pendant, which exceeded expectations to sell for $4,688 – nearly four times the high estimate of $1,200; Lot 259, a blue topaz, diamond & platinum ring, which also shattered its high estimate of $800 to sell for $2,125; Lot 165, a diamond solitaire & yellow gold pendant necklace, sold for $2,125; Lot 425, an Italian gold & diamond strap bracelet, achieved $2,000 against an estimate of $1,200; and Lot 220, a diamond & yellow gold line bracelet which sold for $1,875.

“Our June Fine Jewelry sale showed real strength in bidding, with continued success from signed pieces epitomizing the work of their respective makers, as well as unsigned pieces of Art Deco which typify the aesthetic of the era. Wearable, bold statement jewelry performed well; and despite a soft global market, diamonds performed admirably and surpassed estimates.

I am particularly thrilled with the performance of the Marie Zimmermann collar necklace, which sold for $53,125 – an auction record for a jewelry work by the artist. We’re proud Rago continues to achieve record-setting prices for Zimmermann works."

-Katherine Van Dell, Director of Jewelry

By Rago