International News
US jewellery, watches sales up by 4.4 per cent year-on-year
Sales of watches and jewelry in the US showed further signs of growth in December 2024, up 4.4 per cent year-on-year, according the latest figures from the US Department of Commerce. But there’s been a marked slowdown since the 10 per cent increases of last September and October.
November saw sales up by just 3.0 per cent, revised down from 5.8 per cent based on actual through-the-till transactions rather than estimates. October has been revised up from 9.7 per cent to 10.0 per cent.
The average monthly year-on-year growth for the full year is 5.4 per cent, so December was little below par. Having said that, it was the 15th consecutive month of growth after a long period (the end of 2022 and much of 2023) of falling sales.
International News
Cartier Romanov sapphire bracelet nets $4.9mn at Sotheby’s Geneva auction
The cushion-shaped sapphire attributed to onetime ownership of Russia’s imperial family was billed as a very rare stone, and had been expected to fetch between 850,000 and 1.7 million francs ($1 million and $2 million)
A Cartier bracelet that was previously part of the imperial Russian crown jewels more than doubled its high estimate to bring in CHF 4.1 million ($4.9 million) at a recent Sotheby’s auction in Geneva.
The cushion-shaped sapphire attributed to onetime ownership of Russia’s imperial family was billed as a very rare stone, and had been expected to fetch between 850,000 and 1.7 million francs ($1 million and $2 million) at the Geneva auction.
The piece centers the cushion-shaped, 197.80-carat Romanov sapphire with the bracelet featuring brilliant-cut diamonds and accented with modified shield-step-cut diamonds. It has an interchangeable engraved rock crystal center embellished with triangular diamonds. The lot was the top seller, beating its CHF 850,000 to CHF 1.7 million ($1 million to $2 million) estimate.
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