DIAMOND RING SELLS FOR $134,500 AT DOYLE NEW YORK'S SEPTEMBER 24, 2008 AUCTION OF IMPORTANT ESTATE JEWELRY

Competitive Bidding Yields Strong Prices for Diamond Jewelry

Currently Accepting Consignments for the Next Jewelry Auction Scheduled for December 9, 2008

Doyle New York's Important Estate Jewelry auction on September 24 saw competitive bidding from hundreds of buyers in the salesroom, on the telephones, and on the Internet. This competition resulted in strong prices throughout the sale and an auction total of $2,340,950 with a strong 85% sold by lot and by value.

Highlighting the sale was a stunning diamond ring set with a round diamond of 5.03 carats, G color, VS2 clarity. Competitive bidding drove the price to $134,500. Another diamond ring, by Cartier, set with an emerald-cut diamond of 3.10 carats, F color, VVS2 clarity achieved $71,500. Colored stone rings featured an emerald and diamond ring set with a Classic Colombian emerald-cut emerald approximately 5.85 carats that sold for $33,750. From the Estate of Elsa A. Burrows was a three stone diamond ring in a filigree platinum mount with one old European-cut diamond approx. 2.90 carats, flanked by 2 old European-cut diamonds approx. 3.15 carats. Estimated at $20,000-30,000, the ring proved very popular at the sale and sold for $46,875.

Bracelets were highlighted by an exquisite diamond and platinum flexible bracelet by Van Cleef & Arpels that achieved $42,500, well over its estimate of $20,000-30,000. Among the clips and brooches was an elegant Art Deco diamond and emerald clip by Cartier. Set in platinum and white gold, the clip sailed past its estimate of $15,000-20,000 to achieve $36,250. Also by Cartier was an Edwardian seed pearl and diamond wristwatch that fetched $35,000 - many times the pre-sale estimate of $5,000-7,000.

Doyle New York is currently accepting consignments for the December 9, 2008 auction of Important Estate Jewelry. The sale will offer jewelry spanning the Antique, Victorian, Edwardian, Art Nouveau, Art Deco and Modern eras by some of the world's most prestigious makers, including Cartier, David Webb, Van Cleef & Arpels, and Tiffany & Co. Also featured are fine watches and objets de vertu, including elegant compacts and cufflinks.

NEXT IMPORTANT ESTATE JEWELRY AUCTION
December 9, 2008  

CONSIGNMENTS ARE CURRENTLY BEING ACCEPTED
To have your property evaluated for possible consignment in the December 9 Important Estate Jewelry auction, please contact Ann Lange, 212-427-4141, ext. 221, jewelry@DoyleNewYork.com

CATALOGUE
Subscriptions Department, 212-427-4141, ext. 257, subscriptions@DoyleNewYork.com
View the online catalogue for the September 24, 2008 sale

MEDIA CONTACT
Louis LeB. Webre, Vice President, Marketing and Media, 212-427-4141, ext 232, louis@DoyleNewYork.com
Images and interviews are available upon request.


A SELECTION OF AUCTION HIGHLIGHTS




Lot 3469
Diamond Ring
Platinum, centering one round diamond* approximately 5.03 cts., flanked by 2 tapered baguette diamonds, approximately 5.2 dwt. Size 9 1/2.
This stone has been weighed and is accompanied by GIA report # 17467420 report stating that the diamond is G color, VS2 clarity.
Estimate: $100,000-150,000
Sold for $134,500





Lot 3473
Diamond Ring, Cartier
Platinum, centering one emerald-cut diamond* approximately 3.10 cts., flanked by two tapered baguette diamonds, signed Cartier, # 864790, approximately 3.3 dwt. Size 5 1/2.
This diamond is accompanied by GIA report # 15628112 stating the diamond is F color, VVS2 clarity.
Estimate: $50,000-70,000
Sold for $71,500





Lot 3516
Three Stone Diamond Ring
Platinum, the filigree mount centering one old European-cut diamond approximately 2.90 cts., flanked by 2 old European-cut diamonds approximately 3.15 cts., accented by 46 small single-cut diamonds, circa 1915, approximately 4 dwt. Size 5 1/2.
Property from the Estate of Elsa A. Burrows
Estimate: $20,000-30,000
Sold for $46,875





Lot 3477
Diamond Bracelet, Van Cleef & Arpels
Platinum, the flexible bracelet centering a continuous row of 40 round diamonds, flanked by 80 marquise-shaped diamonds, total approximately 20.40 cts., signed Van Cleef & Arpels, NY, # 32408, approximately 18.5 dwt. Length 7 1/4 inches.
Estimate: $20,000-30,000
Sold for $42,500





Lot 3593
Art Deco Diamond and Emerald Clip, Cartier
Platinum, white gold, the modified bombe circular mount topped by a stepped panel centering one emerald-cut diamond approximately .95 ct., flanked by 2 shield-cut diamonds approximately 1.00 ct., supporting 5 square and rectangular-cut emeralds, highlighted by 4 round diamonds approximately 2.15 cts., set throughout with 173 old European and single-cut diamonds approximately 7.00 cts., signed Cartier, # 3615674, circa 1935, approximately 16.6 dwt.
Estimate: $15,000-20,000
Sold for $36,250





Lot 3543
Edwardian Seed Pearl and Diamond Wristwatch, Cartier
Platinum, 18 kt. gold, centering a tonneau-shaped matte silver dial with black Roman numerals, edged by rose-cut diamonds and flanked by flared lugs set with rose-cut diamonds, accented by a rose-cut diamond crown, completed by a seven row pearl bracelet, pearls approximately 2.5 mm., terminating in a deployant gold buckle, the rectangular platinum clasp outlined with rose-cut diamonds, centering 6 old European-cut diamonds, dial signed Cartier, inside case signed E.W. & C. Co. Inc., France, outside case # 17399, 8434, with French assay mark, movement signed European Watch and Clock Co. Inc., 19 jewels, 8 adjustments, case engraved Rose A. Waller, Xmas 1919, buckle # 364, one strand broken, missing several pearls.
Length 7 inches. With signed box.
Estimate: $5,000-7,000
Sold for $35,000





Lot 3588
Emerald and Diamond Ring
Platinum, centering one emerald-cut emerald approximately 5.85 cts., flanked by 4 baguette diamonds, # 20442, approximately 2.7 dwt. Size 5 1/2.
This emerald has been weighed and is accompanied by AGL report # CS 39843 stating that the country of origin is Classic Colombian, faint clarity enhancement: Organic, Oil Type.
Estimate: $12,000-18,000
Sold for $33,750





Lot 3470
Diamond Ring
Platinum, centering one oval diamond approximately 5.25 cts., flanked by 6 tapered baguetted diamonds approximately .90 ct., approximately 4.2 dwt. Size 5 3/4.
Estimate: $25,000-35,000
Sold for $33,750

PROPERTY FROM THE KELEKIAN FAMILY COLLECTION

The Kelekian Family Collection of Jewelry, comprising approximately 80 lots in the sale, was assembled by four generations of the Kelekian family and chronicles nearly a century of fine jewelry design.

Since the turn of the 20th century, the Kelekian name has been synonymous with museum-quality Near Eastern antiquities. Born to an Armenian banker in Anatolia in 1868, the family patriarch Dikran G. Kelekian came to the United States for the 1893 World's Columbian Exposition in Chicago, where he opened the Persian Pavilion and offered antique Islamic pottery, rugs and other artifacts. At the fair, he met the Impressionist artist Mary Cassatt, who became a life-long friend and introduced him to prominent New York families such as the Havemeyers and the Rockefellers. Kelekian soon founded his first New York gallery on lower Fifth Avenue, followed by other galleries in Paris's Place Vendôme and Cairo. His success led to exhibitions at the Musée des Arts Decoratifs and a large display at the 1904 St. Louis World's Fair, prompting the Shah of Iran to recognize Kelekian with the honorific title, Khan, for his devotion to promoting Persian art and antiquities. After Kelekian's death, the business continued for many more years under the direction of his son, Charles Dikran Kelekian.

The Kelekian family is also remembered for its patronage of modern art. As a complement to his career as an antiquarian, Dikran Kelekian was also a champion of the avant-garde and developed close friendships with modernist painters like Henri Matisse, André Derain and Milton Avery. Kelekian's relationship with these artists, however, extended beyond patronage: his antiquities had a palpable influence on artists like Marsden Hartley, who incorporated patterns from Kelekian textiles into his paintings. Many artworks owned by the Kelekian family are now in major museums including The Metropolitan Museum of Art.

The Kelekian Family Collection of Jewelry was acquired all over the world, from Venice to Beirut to Hong Kong to Paris. Cosmopolitanism and exoticism are evident in the collection. The family's ties to the Near East are sometimes direct (for example, in pieces made of lapis, turquoise and jade) and sometimes filtered through the serpentine forms of the orientalist art nouveau. The Venetian jeweler Nardi, renowned for his whimsical creations, was a particular favorite of Charles Kelekian's wife, Beatrice: all of the Nardi pieces offered in the sale were acquired directly from the studio in Venice. Although it spans many decades of evolving sensibilities and taste, the Kelekian Family Collection is a testament to the family's connoisseurship in the fine and decorative arts.





Lot 3584
Emerald and Diamond Ring
Platinum, centering one square-shaped octagonal-cut emerald* approximately 3.40 cts., flanked by 6 old-mine single-cut diamonds, approximately 2.2 dwt. Size 6 1/4.
This emerald is accompanied by AGL report # CS 39820 stating that the country of origin is Classic Colombian, faint clarity enhancement: Organic, Canadian Balsam.
Property from the Kelekian Family Collection
Estimate: $12,000-18,000
Sold for $27,500





Lot 3483
Pair of Antique Diamond and Enamel Brooches
Silver, gold, the stylized paisley-shaped leaves encrusted with rows of numerous graduated rose-cut diamonds, outlined by blue enamel, one accented by a diamond-set pendant loop and one with a diamond-set curved stem, one diamond missing, approximately 44 dwt.
Property from the Kelekian Family Collection
Estimate: $4,000-6,000
Sold for $23,750





Lot 3508
Pair of Art Nouveau Gold, Silver, Plique-a-Jour Enamel and Diamond Wing Hair Clip Ornaments
The stylized wings of light blue and green plique-a-jour enamel, accented by 2 old-mine and numerous rose-cut diamonds, swivels at clip fitting.
Note: Art Nouveau jewelry, at its height at the turn of the 20th century, took its inspiration from nature, as well as Japanese themes. These delicate clips demonstrate the combination of these two themes in their abstraction of flowing organic forms by using a Plique-a-Jour enameling technique. Plique-a-jour, French for " open to light" was a tool used by Art Nouveau jewelers to juxtapose light and dark, and create a miniature stained glass window in their creations.
Property from the Kelekian Family Collection
Estimate: $4,000-6,000
Sold for $21,250





Lot 3540
Belle Epoque Platinum, Diamond and Pearl Swag Necklace
Platinum, centering one cushion-shaped diamond ap. 1.30 cts., flanked by 2 stylized bows with flowing ribbons and rose-cut diamond leaves, with a swag of a delicate platinum chain spaced by 26 pearls approximately 3.5 to 3.0 mm. and old-mine cut diamonds, set throughout with 122 old-mine cut diamonds approximately 9.00 cts., and numerous rose-cut diamonds, suspending one drop pearl approximately 7.0 x 6.0 mm., chain added later, ap. 19 dwt. Length 15 1/2 inches.
Property from the Kelekian Family Collection
Estimate: $8,000-12,000
Sold for $20,000