A Tiffany & Co. Paraiba tourmaline necklace shattered auction records, selling for $4.2 million at Christie’s in New York—well above its estimate and more than seven times the high figure anticipated. The standout piece features a triangular modified brilliant-cut, a 13.54-carat Paraiba stone, and an array of diamonds in round, pear, and square shapes, all contributing to its remarkable ascent beyond the $600,000 ceiling set by expectations.
Christie’s reports that the Magnificent Jewels sale on December 10 drew a total of $46.5 million with a 95% sell-through rate. Notable buyers secured pieces from renowned houses including Harry Winston, Van Cleef & Arpels, and Cartier, signaling strong competition across high-end jewelry.
Other notable entries filled the top tier of the auction catalog, reinforcing the day’s momentum and Christie’s status as a leading market barometer for exceptional gemstones and designer pieces.
Main image: The record-setting Tiffany & Co. necklace featuring the striking Paraiba tourmaline surrounded by diamonds. (Christie’s)
