Growing Interest in Quality Coloured Gemstones, finds auction

· High quality coloured gemstones emerge as top winners
· Sale of branded watches touched INR 53.3 lakhs for the category alone
· Gem-set pins and minaudière indicate strong interest for collectibles
· Auction achieved total sale of INR 2.14 crores

Mumbai: Saffronart’s Online Auction of Fine Jewels and Watches concluded on 20 April. The auction saw successful bids for watches, coloured gemstones and collectibles, which helped clock in a total sale value of INR 2.14 crores.

Lot 24: Women's Gold and Diamond Wristwatch by Patek Philippe, led the sale at INR 28.4 lakhs, against a pre-sale estimate of INR 28 – 38 lakhs. Highly coveted watch brands in the sale also performed well, including Audemars Piguet, LeCoultre, Piaget, Franck Muller, and Bvlgari, fetching a sale of INR 53.3 lakhs for the category. Collectibles, including Lot 45: Set of 34 Lapel Pins and Lot 102: Diamond Studded Minaudière by Van Cleef & Arpels, fetched multiple bids. The top ten lots that witnessed competitive bidding featured high quality coloured gemstones including emeralds, tanzanite and rubies.

A spokesperson for the sale said, “The auction was a success in the category of jewels, collectibles and watches. We observed competitive bidding for lots featuring coloured gemstones, which showed us that buyers were serious about acquiring quality gems. Design was another key element: pieces with classic flair and easy-to-wear designs performed really well. The watches, lapel pins and minaudière also saw multiple bids come in, indicating that collectibles and signed pieces always attract interest.”