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Mirror of Love diamond earrings fail to meet estimate at Geneva auction house

GENEVA A pair of pear shaped diamond earrings sold at Christie on Tuesday for 17.57 million Swiss francs ($17.6 million) including fees, falling well short of the pre sale estimate and suggesting that the auction house may have misjudged the market for that piece.

The ultra ornate earrings were a standout item in the Geneva Jewels auction that reaped about $97 million overall, at the high end of the expected range, despite some disappointments.

The 250 year old house touted the de l (Mirror of Love) earrings as bearing the largest D Flawless, or highest quality, pear shaped diamonds in the world at over 50 carats each.

The white diamond earrings sold for a hammer price of 15.5 million Swiss francs, when the pre auction estimate was 20 million to 30 beautiful van cleef necklace clover replica million Swiss francs. The buyer was not identified other than as a collector.

The Miroir de l a pair of flawless diamond pear shaped earrings, during a sale preview at Christie auction house in London, Britain October 20, 2016.

Auctioneer Rahul Kadakia said as he struck the hammer on a few of the lots, meaning that they had fallen short of the replica Van Cleef & Arpels Clover Necklace white diamond minimum van cleef & arpels necklace replica price set for a sale.

had a pre sale estimate of 80 to 100 million . We very happy, he said. few lots didn move. Fine. But the big diamonds, the big necklace, the big pink diamond, you saw all the colored stones did very well the rubies, the sapphire, emeralds, natural pearls. we got a very healthy price. another top offer, a 9.14 carat, pear shaped pink diamond ring fetched $18.2 million including fees, with a hammer price of $16 million after being tipped to fetch $16 18 million.

Christie said the gem distinct pink hue is highly prized when it comes to natural colored diamonds. It also trumpeted the diamond Vivid color grade by the Gemological Institute of America, saying a classification of is only bestowed on one in 100,000 diamonds.

An Asian private collector snapped up the ring, Kadakia said.

Among other highlights, a Van Cleef and Arpels ruby and diamond bracelet fetched nearly $1.31 million, including the buyer premium more than twice the top of the pre sale estimate, prompting applause from the well heeled crowd under the chandeliers at the riverfront Four Seasons Les Bergues hotel in Geneva.

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