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Skinner Auction of Fine Jewelry Topped by Sapphire Ring

BOSTON, Mass. - Skinner, Inc., a leading full-service auctioneer and appraiser of antiques and fine art, sold a sapphire and diamond ring signed "Yard" for $206,000 at an auction June 12, 2001. It was an extraordinary piece, centered by a cushion-cut Kashmir sapphire weighing approximately 15 cts. flanked by diamonds, and drew significant attention prior to the auction. Once on the block, observers saw intense and persistent competition commence, with a host of absentee and telephone bidders vying for ownership. The ring ultimately sold to a telephone bidder. Said department director, Gloria Lieberman, "The ring was unusual for two reasons: the size of the stone, which was unusually large for a Kashmir sapphire, and the maker, Raymond Yard, a retailer who sold unusually high quality objects to prominent New York families. And it had classic Kashmir color."

Other jewelry sparkled at this auction, as well. Diamonds included a ring set with a round brilliant-cut solitaire weighing 2.60 cts. flanked by pear-shape diamonds that sold for $21,275, an Art Deco platinum, diamond, and sapphire ring set with an old European-cut diamond weighing approximately 2.00 cts. highlighted by caliber-cut sapphires and single-cut diamonds that sold for $14,800, and a pair of platinum and diamond clips, c. 1940s, signed Tiffany & Co., that realized $11,500. A ruby and diamond bracelet sold for $29,900, a platinum, diamond and jade bracelet for $18,400, an Edwardian twin-stone rose-cut diamond ring set with two pear-shape rose-cut diamonds for $5,750, and an Art Deco lady’s platinum, diamond, and onyx wristwatch, signed Cresarrow Watch Co. for $5,060.

Additional highlights included a gem-set parrot brooch that fetched $9,200, and a 14kt gold, diamond, and tourmaline "Rainbow" square bangle bracelet set with various color tourmalines and diamonds that also reached $9,200. A platinum and gem-set airplane with ruby propellers that moved ("A great example of American jewelry," according to department director Gloria Lieberman) sold for $8,050. Examples of antique jewelry included an 18kt gold necklace with fancy, flexible, interwoven mesh links in a tubular form, with French hallmarks, that sold for $5,462.50, and highlights in Arts and Crafts jewelry featured an aquamarine and diamond pendant by Edward Oakes that garnered $4,600.

Prices realized at the auction are available at www.skinnerinc.com. Skinner’s next auction of Fine Jewelry will be held in Boston on September 25, 2001. For more information, call 617-350-5400, or fax 617-350-5429.

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