SOURCE: Joseph DuMouchelle Jewelry Auctioneers & Appraisers

Joseph DuMouchelle Jewelry Auctioneers & Appraisers

August 18, 2016 13:00 ET

Joseph DuMouchelle Achieves $1.8 Million in Its August Fine Jewels Auction

Le Petite Diamonds and Fine Jewels Sale Included a 13.88-Carat Fancy Vivid Yellow Diamond, Which Fetched $1,062,500

NEW YORK, NY--(Marketwired - August 18, 2016) - ­ ​Estate jewelry auction house JosephDuMouchelle​ showed no sign of a summer slowdown at its August 11th ​"Le Petite" Diamonds and Fine Jewels​ auction. The sale, which contained only 19 lots, grossed $1,819,812.50 and achieved a 90 percent sale rate. Eleven of the items surpassed their pre-sale estimates, including Lot 8, an Art Deco platinum, yellow gold and emerald lady's ring with a 13.88-­carat fancy vivid yellow diamond. Estimated at $400,000-600,000, the ring brought $1,062,500.

"August is normally a time when everyone -- especially European buyers -- are on vacation, but it didn't seem to be the case for this sale," says president and auctioneer Joseph DuMouchelle, who, with co-­founder Lindy Adducci, previewed the auction at New York's Lotte Palace Hotel August 9th and 10th. "Buyers don't want to miss out on exceptional gems and jewelry, and they were willing to come back from holiday travel to preview and bid on these diamonds, colored stones and signed jewelry items. The fancy vivid yellow diamond was an especially rare stone and not one that collectors and connoisseurs of colored diamonds wanted to miss out on having the chance to own."

  
Lot 7: Platinum and 10.79ct Emerald Cut
Diamond Lady's Ring
Presale estimate: $75,000/100,000
Sold for: $118,750
Lot 8: Art Deco, Platinum, 18kt Yellow Gold, 13.88ct
Fancy Vivid Yellow Diamond and Emerald Lady's Ring
Presale estimate: $400,000/600,000
Sold for: $1,062,500
  
  
Lot 9­: Platinum and 15.76ct Emerald Cut
Diamond Lady's Ring
Presale estimate: $200,000/300,000
Sold for: $275,000
(Realized prices include buyer's commission)
Lot 10: Art Deco, Platinum, Sapphire and Diamond Lady's Ring (GIA report as unheated with Kashmir origin; AGL report as "Undeterminable to a high degree of certainty")
Presale estimate: $50,000/75,000
Sold for: $175,000 
  

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