A 1927 sapphire and diamond bracelet by Cartier
A 1927 sapphire and diamond bracelet by Cartier sold for US$6.13 million (CHF6.072 million) at a Sotheby’s sale in Geneva – one of the highest prices at auction for an Art Deco bracelet.
The bracelet, with a 46.07-carat Burmese cabochon sapphire centre gem, was snapped up by an Asian collector who beat five other bidders.
Demand for Art Deco jewels remains strong, particularly for pieces from the 1920s and 1930s, which are widely recognised as the golden era of jewellery, according to the auction house.
“With its sensational ‘sugar loaf’ Burmese sapphire and powerful geometric design, the Cartier bracelet was a true masterpiece, among the most important Art Deco pieces we’ve ever handled. It came from the collection of a visionary Asian-American collector whose eye for great jewellery resonated with international collectors,” noted David Bennett, worldwide chairman at Sotheby’s Jewellery Division.
Sotheby’s Geneva sale, which generated a total of US$54 million (CHF53 million), showed strong global interest in Art Deco pieces and single diamonds.
The company said 80 percent of lots were sold and 99.4 percent of those achieved prices between or above estimate. Sotheby’s also recorded solid activity from Asian collectors, approximately half of whom were female.