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Christie’s Top Jewels: Kashmir Sapphires, Rare Diamonds and Paraiba Tourmalines Dominate the Sale

A dazzling lineup of historic sapphires, exceptional diamonds, and iconic signed pieces pushed multiple lots well past expectations at Christie’s, reaffirming strong global demand for top-tier gemstones.

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A Tiffany & Co. necklace shattered the world auction record for a Paraiba tourmaline at Christie’s New York, achieving an extraordinary $4.2 million—more than seven times its high estimate. The striking piece, centered on a 13.54-carat triangular modified brilliant-cut Paraiba tourmaline and accented with an array of round, pear and square-shaped diamonds, soared past its expected ceiling of $600,000 to become the top lot of the Magnificent Jewels sale held on December 10.

Christie’s reported that the auction totaled $46.5 million with an impressive 95% sell-through rate, reflecting robust demand for exceptional gemstones and signed jewels. Highlights included strong results for pieces by Harry Winston, Van Cleef & Arpels, and Cartier, all of which attracted enthusiastic bidding from collectors.

Kashmir Sapphires Lead the Charge

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One of the most impressive results came from a pair of circa 1910 antique earrings featuring two cushion mixed-cut Kashmir sapphires of 11.92 and 12.61 carats, suspended from old-cut diamonds. The earrings achieved $3.1 million, doubling their estimate of $1.5 million to $2 million.

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Another standout was an Art Deco Cartier ring from around 1925, centering the famed 17.66-carat Rockefeller Kashmir sapphire. Set as a sugarloaf cabochon with single-cut diamonds, the ring sold for $2.6 million, within its estimate of $1.5 million to $2.5 million.

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A third Kashmir sapphire highlight was a cushion mixed-cut, 16.23-carat stone surrounded by old-cut diamonds. It soared to $1.8 million, far exceeding its $500,000 to $700,000 estimate.

Exceptional Diamonds Impress

High-quality diamonds also drew strong attention:

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A ring featuring a 27.19-carat, D-color, VS1, type IIa emerald-cut diamond closed at $1.9 million, comfortably above its estimate of $1.4 million to $1.8 million.

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A Cartier ring showcasing a 23.03-carat, D, VVS2 rectangular step-cut diamond flanked by trapezoid diamonds sold for $1.1 million (estimate: $800,000 to $1.2 million).

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A ring once owned by Barbara and Frank Sinatra, set with a 20.60-carat, D, VVS1 emerald-cut diamond between triangular diamonds, achieved $990,600.

diamond Earings

A dramatic pair of diamond earrings featuring three pear-shaped diamonds each also performed well. With stones ranging from 11.36 carats (D, VS2) to 5.13 carats (E–I, VS2–I1), the set sold for $863,600 against an estimate of $500,000 to $700,000.

Color Gemstones See Surprising Momentum

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In a notable win for color, a pair of Tiffany & Co. earrings featuring two oval modified brilliant-cut Paraiba tourmalines weighing 3.19 and 3.45 carats framed in round diamonds achieved $1.3 million—a dramatic leap over their presale estimate of $120,000 to $180,000.

Designer Pieces Close the Sale Strong

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Rounding out the top lots were vibrant JAR earrings set with cushion, oval, pear, and round rubies surrounded by round diamonds. The iconic piece sold for $787,400, surpassing expectations of $400,000 to $600,000.

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DiamondBuzz

DE BEERS GROUP Introduces Desert Diamonds Icons

Supported by the Diamond Industry’s Largest Marketing Budget In 15 Years, Desert Diamonds Icons Will Launch Ahead Of The End Of Year Holiday Season and Build On The Desert Diamonds Campaign’s Success In Driving Natural Diamond Desire

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At the annual JCK Las Vegas Show – the largest jewellery event in the global calendar – De Beers Group today set out its view on the way forward for the natural diamond sector, calling on the trade to work together to capitalise on the early success of the Desert diamonds ‘beacon’ campaign with the introduction of Desert diamonds Icons.

The Desert diamonds beacon campaign launched in late 2025 and has already succeeded in shaping consumer demand for both natural diamonds in general and coloured diamonds in particular, with natural diamond sales at US independents increasing 4% in Q4 2025 and 9% in Q1 2026, while those in the K to Z colour range have seen even stronger growth, up 15% in Q4 2025 and 19% in Q1 2026.

Following the launch of Desert diamonds Bridal earlier this year, Desert diamonds Icons will focus on bringing a sense of newness and individuality to four iconic jewellery design classics – stud earrings, the eternity band, the tennis bracelet and the halo pendant – which between them comprise 70% of diamond jewellery acquisitions. Launching in September, the campaign will include training and marketing support for all retailers.

During a keynote presentation, De Beers Group executives stated that while demand has performed well for larger natural diamonds and this has supported stable retail sales value for natural diamond jewellery, it is critical for industry participants to work together on the campaign to drive demand across the natural diamond category as a whole.

With the campaign benefitting from the diamond industry’s biggest natural diamond marketing budget in 15 years, Desert diamonds is expected to deliver enhanced retail impact in 2026, based on a range of positive data points from its initial run. Growth in natural diamond desirability, online searches for natural diamonds, and increased coloured natural diamond sales across independent jewellers all highlight that the momentum behind the campaign is building. Noting that the 2026 campaign run will also benefit from a geo-targeting approach that directs consumers to specific retailers carrying Desert diamonds, De Beers executives encouraged the entire trade to support the fast-growing trend by stocking Desert diamonds Icons products and by signing up to Promoboxx to access marketing materials and participate in geo-targeting.

The presentation also included a summary of key consumer and industry insights published today in The Diamond Report, highlighting how commercial dynamics are evolving at pace for US jewellery retailers as the synthetic lab-grown diamond sector matures while consumer interest in natural diamonds grows.

Speaking at the presentation, Al Cook, CEO of De Beers Group, said:

“Consumer desire for natural diamonds is strong – but we need to work together as an industry in support of Desert diamonds to unlock the full value of the opportunity. The results from the campaign’s initial run demonstrate how it is already stimulating demand, and with Desert diamonds Icons we are doubling down at a critical moment.”

“The jewellery retail landscape is evolving at pace. With the sustained falls in price of synthetic lab-grown diamonds, and large falls in demand for larger synthetic lab-grown diamonds, there may be challenges ahead for retailers who focus on synthetic lab-grown diamonds.”

“However, with challenge comes opportunity, and the growing success of the Desert diamonds campaign is evident. As we head into the campaign’s second year, with the industry supported by the largest category marketing budget in 15 years, the natural way forward is clear to see.”

De Beers Group also reported in its presentation how collaboration continues deliver progress in other areas, with GIA’s purchase of an equity share in Tracr supporting the platform’s path to independence and providing the potential for it to scale faster across the sector.

Meanwhile, the Natural Diamond Council has put in place a compelling new strategy on the back of its growing budget, as more diamond producing countries and trade bodies have provided funding, and will introduce a new natural diamond trust mark to support consumer confidence through visible differentiation between natural diamonds and synthetic lab-grown diamonds.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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