Christie’s jewellery business reaches new heights in 2020
January 6, 2021
Jewellery auctions held by Christie’s in 2020 reached new levels of growth, buoyed by online initiatives and solid demand for high-quality diamonds and jewellery amid the coronavirus crisis.
Christie’s sold 48 lots for over US$1 million throughout 2020, with global jewellery sales achieving an overall sell-through of 84%.
Christie’s sold 48 lots for over US$1 million throughout 2020, with global jewellery sales achieving an overall sell-through of 84%.
Online sales were at an all-time high – up 143 per cent in the amount of online sales; 38% in lots sold online; and 241 per cent in the value of online jewellery sales year on year.
Another highlight of the year was the global participation of bidders hailing from 74 countries, with new buyers comprising 32%.
In June 2020, Christie’s established the record for a jewel sold online with a 28.86-carat D-color diamond, which achieved US$2.11 million.
“New strides were made for Jewels Online sales with online sales expanded to every major sale site. In addition to Hong Kong and New York, for the first time this year, online Jewels sales were hosted in Paris, London, and Geneva – making our digital footprint as global as our auction footprint,” the auction house said. Christie’s hosted 17 online jewellery sales last year.
Top-billing Christie’s jewellery auctions in 2020 was a fancy intense blue marquise-cut internally flawless diamond ring of 12.11 carats, which sold in Hong Kong in July for US$15.87 million.
In its New York Magnificent Jewels sale last month, a Kashmir sapphire and diamond bracelet of 43.10 carats surrounded by D-color internally flawless diamonds was purchased for US$6.03 million
Another highlight of the year was the global participation of bidders hailing from 74 countries, with new buyers comprising 32%.
In June 2020, Christie’s established the record for a jewel sold online with a 28.86-carat D-color diamond, which achieved US$2.11 million.
“New strides were made for Jewels Online sales with online sales expanded to every major sale site. In addition to Hong Kong and New York, for the first time this year, online Jewels sales were hosted in Paris, London, and Geneva – making our digital footprint as global as our auction footprint,” the auction house said. Christie’s hosted 17 online jewellery sales last year.
Top-billing Christie’s jewellery auctions in 2020 was a fancy intense blue marquise-cut internally flawless diamond ring of 12.11 carats, which sold in Hong Kong in July for US$15.87 million.
In its New York Magnificent Jewels sale last month, a Kashmir sapphire and diamond bracelet of 43.10 carats surrounded by D-color internally flawless diamonds was purchased for US$6.03 million
