Disclaimer: Information and opinions presented here are for educational purposes only. Nothing on this site should be regarded as investment advice, or an offer to buy or sell securities.Thank you.

Sunday, May 2, 2010

Historic stones rule the day at Christie's

source : nationaljewelernetwork.com
April 23, 2010

Historic stones rule the day at Christie'sLegend has it that the Archduke Maximilian, who once ruled as emperor of Mexico at the urging of Napoleon III, had the Emperor Maximilian Diamond in a pouch around his neck when he was executed by a firing squad. The 39.55-carat cushion-cut stone sold for $1.76 million at Christie's on Thursday.

New York--Two stones with colorful histories sold above their estimates Thursday at Christie's "Jewels: the New York Sale."

According to a news release issued by the auction house, a private U.S. buyer paid $1.76 million for the 39.55-carat, I color Emperor Maximilian Diamond, which was estimated to fetch between $1 million and $1.5 million.

The cushion-cut stone has a long and interesting history, having once been owned by the Archduke Maximilian, who ruled as emperor of Mexico at the insistence of Napoleon III but was later executed. It is believed that he was wearing the diamond around his neck when he faced the firing squad.

After passing through a number of owners, the stone fell into the hands of diamantaire Laurence Graff, who bought it at Christie's in 1982 and sold it to Imelda Marcos, widow of former Philippine President Ferdinand Marcos. ...


Related Posts with Thumbnails