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Press Release - June 1, 2014

Large Diamonds Take Center Stage In $6.7+ Million Fine Jewelry Auction At Heritage

Diamond white gold ring brings $425,000 April 29 in New York

DALLAS — Large diamonds took center stage in Heritage Auctions' $6.7+ million Fine Jewelry Signature Auction April 29 in New York as a stunning 7.82 carat Diamond White Gold Ring took top lot honors at $425,000.

"Large diamonds are in demand like never before," said Jill Burgum, Senior Director of Fine Jewelry at Heritage. "However, interest spanned the entire auction. We saw solid prices across the board and multiple bidders on most lots."

Rings with large diamonds lead the auction. A Diamond Platinum Gold Ring Set, featuring a pear-shaped diamond weighing 11.30 carats and enhanced by tapered baguette-cut diamonds, saw interest by 23 different bidders who pushed the hammer price to $365,000. A Diamond Platinum Gold Ring by Tacori featuring a square, modified brilliant-cut diamond weighing 10.10 carats hammered for $209,000, and a dazzling Diamond Platinum Ring weighing 10.58 carats ended at $185,000.

A Diamond Platinum Ring, with a cut-cornered, rectangular brilliant-cut diamond weighing 5.02 carats, complimented by full-cut diamond side stones, saw interest from 10 bidders before it sold for $173,000.

A Fancy Intense Yellow Diamond, Diamond, Gold Ring, from the private collection of Toni Tennille of Captain & Tennille, surpassed its estimate to sell for $118,750. The dazzling ring is set with two yellow diamonds weighing a total of approximately 4.73 carats and enhanced by full-cut diamonds.

Unmounted diamonds performed well as a brilliant-cut, E color, SI2 clarity stone weighing 6.05 carats brought $137,000 and a square modified brilliant-cut diamond weighing 4.21 carats and featuring G color and VS1 clarity sold for $69,141.

A highlight among antique selections is a Victorian Cave Pearl, Gold Necklace, by Carlo Giuliano, which out preformed its estimate to sell for $75,000, while a Victorian Natural Pearl, Ruby, Diamond, Silver-Topped Gold Brooch sold for $59,375.

A rare Emerald Necklace — featuring the 3.40 carat Heart of Carolina Emerald — brought four times its estimate to finish at $27,500. The heart-shaped emerald is incredibly rare as North America is not known for producing emeralds — outside of one area, Hiddenite, N.C. The Heart of Carolina Emerald was discovered in 1998 and ranks as #13 on the list of largest emeralds ever mined in North America.

The auction featured a diverse selection of brand name jewelry led by a pair of Van Cleef & Arpels Diamond Platinum Earrings, weighing a total of approximately 30.00 carats. The stunning waterfall earrings, suitable for the red carpet, brought nearly three times its estimate and sold for $118,750. A Diamond, Emerald, White Gold Brooch, by Cartier sold for $21,250, fully three times its estimate following interest from 15 different bidders.

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