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'The Frog Prince,' a ruby, obsidian and rock crystal quartz chess set that was a highlight of the sale.

  Bonham's auction focuses exclusively on colored gems and lapidary works of art


July 6, 2012


An auction hosted in New York by Bonhams on May 23 was the first ever event conducted by a major auction house to focus entirely on colored gemstones and what the organization referred to as "lapidary works of art."

At the core of the auction were two large liquidation properties, one being a collection comprised of more than 60 lots from a London gem dealer. With a 50-year career specializing in the sale of fine quality rubies, sapphires and spinels, the collection was nearly 100 percent sold.

According to Bonhams gemologist Claudia Florian, the company had witnessed a growing demand for such a specialized auction, and the sale did not disappoint.

There were numerous highlights, including the sale of a massive German-cut peridot, which sold for $80,500, slightly above its pre-sale estimate of $70,000-80,000. Also selling at the top end of the pre-sale estimate was a pink tourmaline that fetched $40,000. A very large checkerboard aquamarine, which sold for $23,750, was within the estimate range.

Gems with spectacular colors continued to prove popular within the auction room. A rare Spessartite garnet sold for double its pre-sale estimate at $31,250 (pre-sale estimate $16,000-20,000) and an intensely colored rose spinel sold for $18,750 (pre-sale estimate $15,000-20,000).

"With these results," Bonham stated after the auction, "the color stone market proves to be buoyant, with excellent clarity gem-grade stones performing beyond expectations."

Great artistry was also found in the lapidary works of art section of the auction. The top lot of the sale was a ruby, obsidian and rock crystal quartz chess set titled "The Frog Prince." Inspired by the classic fairy tale of the Frog Prince, this unique chess set witnessed strong and spirited international bidding, ultimately selling for $98,500, triple its pre-sale estimate of $30,000-35,000.

A highlight of the sale involved the work of German artist Gerd Dreher. He is a renowned carver who incorporating a number of natural gemstones in his work. His gemstone carving of a Mallard duck sold for $9,375.

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