In New York, NY last week, Sotheby’s “Magnificent Jewels” spring auction was breaking all sorts of records.  Sotheby’s topped a record-breaking $39.4 million dollars , and the highest ever total for their spring jewelry auction, ever.

Held on April 14th, 2011, ‘Magnificent Jewels’ brought jewelry lovers great pieces such as a 30 carat emerald cut diamond.  The D-colored diamond boasted a $3.4 million dollars sales tag.  Purchased by Essex Global, the gem was the highest selling bauble of the whole auction.  The next highest selling gem was a gorgeous 3 carat marquise shaped, fancy blue color diamond.  This gem was sold for just under the emerald cut diamond, at $3.3 million in the auction. 

Auction holder’s, Sotheby’s, was ecstatic about the turn out of their spring sale, noting that collectors were more willing to purchase, and  make big purchases at that.  Sotheby’s will also hold other jewelry auctions this spring, with a unique emerald and diamond tiara on the block in the near future.