Saf­fronart’s Jewellery Auc­tion Fetches $716,994

Solitaire - - SPECTRUM -

Saf­fronart’s on­line auc­tion of fine jewels, ti­tled From Tra­di­tion to In­no­va­tion, con­cluded on Oc­to­ber 25th, achiev­ing a to­tal sales value of I5.16 crore ($716,994). The auc­tion fea­tured a se­lec­tion of high qual­ity tra­di­tional pe­riod pieces as well as in­no­va­tive con­tem­po­rary de­signs, high­light­ing the shifts in In­dian jewellery de­sign over the last cen­tury.

The auc­tion was led by an ex­quis­ite pair of nat­u­ral pearl and di­a­mond ear­rings (lot 45). Fea­tur­ing two rare nat­u­ral salt­wa­ter pearls weigh­ing over 20 carats each, set in a frame of di­a­mond brio­lettes, the pair sold for ap­prox­i­mately I87 lakh ($120,750). An­other high­light of the auc­tion was a mag­nif­i­cent di­a­mond ring (lot 84), which sold for ap­prox­i­mately I75 lakh ($103,819). The stun­ning ring, cen­tred on a shield-cut di­a­mond, at­tracted in­ter­est for its unique de­sign.

The auc­tion wit­nessed highly com­pet­i­tive bid­ding for tra­di­tional jewellery from im­por­tant his­toric pe­ri­ods, es­pe­cially pieces with strong prove­nances and fine crafts­man­ship. A pair of pe­riod di­a­mond jhumki ear­rings (lot 17) from the pri­vate col­lec­tion of a Nawab of Hy­der­abad crossed its higher es­ti­mate by 28.8%, sell­ing for I5.15 lakh ($7,156), and a pe­riod di­a­mond and pearl maang tika (lot 3), which once be­longed to the Nawab of Malerkotla, sold for ap­prox­i­mately

I3.2 lakh ($4,440). There was en­thu­si­as­tic in­ter­est in lots be­long­ing to the per­sonal col­lec­tions of avid jewellery col­lec­tors, se­lected for their de­sign, tech­nique and rar­ity, and ac­quired both within In­dia and on trav­els abroad. The in­ter­est in these lots un­der­scores the im­por­tance of col­lect­ing jewellery, and en­cour­ages a new gen­er­a­tion of col­lec­tors. A dis­tinc­tive sat­lada or seven-strand neck­lace (lot 14) formerly in the col­lec­tion of Kan­war Sar­dari Lal Chopra fetched I8.4 lakh ($11,724), 20% more than its higher es­ti­mate. Ad­di­tion­ally, a gold pill box by Cartier (lot 50), which once be­longed to busi­ness­man, trav­eller and col­lec­tor Shan­ti­lal Bhikub­hai Jhaveri, in­vited nu­mer­ous bids and even­tu­ally sold for I1.5 lakh ($2,089), sur­pass­ing its higher es­ti­mate by 87.5%.

Com­ment­ing on the auc­tion, Saf­fronart pres­i­dent and co-founder Mi­nal Vazi­rani said, “We are ex­tremely pleased with the out­come of this sale. It sig­nals a very strong in­ter­est in own­ing and col­lect­ing in­no­va­tive pieces that are rooted in tra­di­tional In­dian de­sign and his­tory. Saf­fronart has al­ways been com­mit­ted to de­vel­op­ing and ex­pand­ing the mar­ket for In­dian jewellery, and to in­cul­cat­ing the art of jewellery col­lect­ing among a new gen­er­a­tion. We wish to in­tro­duce a global au­di­ence to the qual­ity of In­dian crafts­man­ship through our an­nual auc­tions, our bi­en­nial jewellery con­fer­ence – which re­turns in 2019 – and an up­com­ing se­ries of ex­hi­bi­tions fo­cus­ing on con­tem­po­rary In­dian jewellery de­sign.”

This pair of nat­u­ral pearl and di­a­mond ear­rings (lot 45) sold for ap­prox­i­matelyK87 lakh ($120,750).

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