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The 0.51-carat vivid purplish pink diamond ring that sold for $338,500. (Photo: Sotheby's)

The Renaissance-era emerald set gold jewel, from the shipwrecked Spanish galleon, the Nuestra Senora de Atocha, which sold for $410,500. (Photo: Sotheby's)

  Half carat pink diamond and once sunken Renaissance emerald jewel wow Sotheby's sales

February 15, 2013

Sotheby's auction of Important Jewels at New York in February concluded with a record total of $10,535,821. Pink colored diamonds, which were featured in the sale showed mixed results, but fancy colored diamonds performed well in general.

A surprise of the sale was a fancy vivid purplish pink diamond weighing 0.51 carat, which achieved a price of $338,500, more than four times its estimated. high price. However, a platinum 18-carat fancy purplish-pink diamond ring that had been estimated to sell for $1.1-1.5 million failing to find a bidder at its reserve price.

Sotheby's had good luck at it Masterworks sale in New York a day earlier, when a Renaissance-era emerald-set gold jewel, which had been recovered from the shipwrecked Spanish galleon, the Nuestra Senora de Atocha, sold for $410,500, well above the pre-sale estimate of $150,000-250,000.

Before being recovered by treasure hunter Mel Fisher in 1985, the Colombian jewel had rested on the seabed for more than 350 years. In 1662, the Nuestra Senora de Atocha was making a return journey to Spain with the Spanish armada. Loaded with the belongings of the noble families, it hit a squall and sank along the reefs of the Florida Keys.

"We are very pleased to have achieved another top result for our February sales in New York," commented Gary Schuler, head of Sotheby's Jewellery department in New York, after the sale. "Today's auction demonstrated the market's continued appetite for exceptional diamonds."

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