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Auction of Indian jewels raises US$109m

21 June 2019

Belle Époque corsage by Cartier


Christie’s Maharajas & Mughal Magnificence auction in New York generated more than US$109 million (around HK$851 million), breaking records for any sale of Indian art and Mughal objects, according to the auction house. 

Over the course of the sale, three world auction records were set for Indian works of art and 29 lots achieved over US$1 million. The top lot was a 1912 diamond-studded Belle Époque corsage by Cartier, which sold for over US$10.6 million at the June 19 auction. 

Other star lots were the Mirror of Paradise ring with a 52.58-carat, D-colour IF diamond centre gem, which achieved US$6.51 million; an antique imperial spinel, pearl and emerald necklace, which realised US$3.01 million; and the Golconda diamond Rivière necklace from the collection of the Nizams of Hyderabad, which sold for US$2.41 million.

Guillaume Cerutti, CEO of Christie’s, commented, “The strong results, after twelve hours of non-stop bidding, in front of a packed room and with phone and online bidders from all over the world, reflect the exceptional quality of this special collection and position it among the most storied private collections ever featured at auction.”