Christie’s Dubai Sale of Jewels and Watches brings in $8.6 Million

A glamorous crowd attended Christie’s Dubai fifth sale of jewelry and watches at the Jumeirah Emirates Towers this past Wednesday which resulted in another successful night of sales bringing $8,589,250.

The top lot was a 17.7 Magnificent Diamond ring which sold for $1,314,500. Following in second was an important colored diamond ring for $722,500 composed of a rectangular cut with an intense yellow color. Prices for diamonds remained steady underlining their continual strength for this region.

The watch sale, featuring 43 lots, brought in a total of $1,030,550. The top price went for a unique Patek Philippe at $278,500.

Of the Dubai sale, director of jewelry David Warren remarked that “Dubai was a vibrant and energetic new center” from which to offer jewelry and watches. Bidders came from 13 countries with the Middle East representing the greatest buyers, then Europe, the Americas, and Asia.