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Elmwood's Online Auction Model Proves to be Success
Elmwood's Auctioneers in West London were delighted with the outstanding result of their Fine Jewellery auction on May 21, 2020, which totalled in excess of half a million pounds and saw interest from around the globe.
Interestingly the signed pieces and established jewellery house pieces continued to perform well, even in what is considered a low period. Elmwood’s, a small start-up that has grown organically, will take up new larger premises in its’ Notting hill locale, when the current lock-down is lifted. In the meantime it has been able to continue with its’ aim, to demystify, simplify and modernise the auction industry by holding its’ auctions and auction previews online. This formula has proven to be both convenient and successful for its broad client base., as its’ most recent sale attests to.
Commenting on the result of the sale, Elmwood’s Director, Samuel Hill said: “I am delighted by the response to this and our other recent sales, where the continued sourcing of high-quality pieces with good provenance, GIA certificates and at varying price points, means that we can offer exactly what our clients are looking for.”
Among the highlights of the sale was a stunning 18 carat yellow gold emerald and diamond brooch designed as a roaring lion (Lot 194, pictured above). Created by Georges Lenfant for Van Cleef & Arpels, it sold to a private collector for £33,800 against a pre-sale estimate of £20,000-£30,000.
A pair of night and day diamond earrings by jewellery house Graff in 18ct in white gold (Lot 333, pictured below)) featured round-cut diamonds and round and baguette-cut diamonds totalling 14-16 carats. Signed Graff and stamped 18K, they sold for £28,600 against a pre-sale estimate of £15,000 - 25,000.
A diamond line bracelet by American jewellery house Harry Winston in platinum (Lot 246), also drew competition amongst buyers, both on the telephones and the internet. Designed as a single row of asscher-cut diamonds totalling 10-12 carats, it sold for £28,600 against its’ pre-sale estimate of £20,000-£30,000.
An emerald and diamond bracelet (Lot 61, pictured below), by Bailey, Banks & Biddle, proved very popular. Highly decorative, it was designed as a single row of sixteen graduated step-cut emeralds and sixteen graduated transitional round-cut diamonds, with alternating groups of four stones. Its’ emeralds totalled 8-9 carats and its’ diamonds 8-10 carats. Signed BB&B and numbered, it sold for £26,000 against its’ pre-sale estimate of £20,000-£30,000.
Amongst several rings that stood out in the sale was lot 266, a 6.38 carat diamond ring set with an asscher-cut diamond of 6.38 carats between two triangular step-cut diamonds totalling 7.77 carats. It sold for £67,600 against a pre-sale estimate of £60,000 - 80,000.
There was spirited bidding for a striking Colombian emerald and diamond platinum ring, set with a step cut emerald of 7.19 carats, between fancy-cut diamond-set shoulders (Lot 97). Accompanied by a gemmological report stating that the emerald is of Colombian origin with indications of minor clarity enhancement. It finally sold for £33,800 against a pre-sale estimate of £25,000-£35,000.