At the hammer

Jewelry market insights

Auction houses publish totals. We publish prices.

Precious Trade reads the major jewellery sales lot by lot, Christie’s today, Sotheby’s and Bonhams next. It turns them into what the trade needs: what really sold at the hammer, and what a carat is worth by stone, origin and treatment. Sale after sale, a price reference for dealers, jewellers and collectors. By gemmologist Chaïma Teisseire.

The HammerNo. 1

Christie's Geneva·Magnificent Jewels·13 May 2026

The Ocean Dream, a 5.50 ct Fancy Vivid blue-green diamond ring
The Ocean Dream. © Christie’s Images Ltd. 2026
Announced by Christie's
CHF 51.9m
At the hammer
CHF 41.6m

USD 53.2m · 86 of 87 lots sold

Buyer’s premium in the total
CHF 10.2m
Every lot, at the hammer

The trade figures

USD 2.64mper carat

Lot 90 · The Ocean Dream spectacular coloured diamond and diamond ring, 5.50 ct

The 35 ct white diamond of the same sale: USD 21k per carat, 127 times less.

×4.6its high estimate

Lot 51 · Early 20th century coloured diamond and diamond ring

Estimated CHF 200k–300k, hammered at CHF 1.38m.

×4.1Kashmir, no heat

Sapphires from Kashmir, unheated: USD 93k per carat on average

Every other origin: USD 23k per carat (6 stones each).

129%of the high estimates

At the hammer, the sale made CHF 41.6m against CHF 32.3m of high estimates

51 of 86 lots sold above their high estimate.

Sapphires 13 lots

Rubies 4 lots

Emeralds 7 lots

Signed jewels 50 lots

Exceptional Jewels & Objects of Elegance: A Connoisseur’s Collection

© Christie’s Images Ltd. 2026

Next sales·Christie's Geneva·2 live sales

10 November 2026

Magnificent Jewels & Exceptional Jewels and Objects of Elegance

Two live sales on one date at the Hôtel des Bergues: Magnificent Jewels, and the first part of a single collection of twentieth-century jewels, Art Deco vanity cases and gold boxes.

Live auctions in
—
Lots
123+
Price to beat
CHF 20.5m

Price to beat: The Mellon Blue, 9.51 ct Fancy Vivid blue diamond, Magnificent Jewels, Christie’s Geneva, 11 November 2025: the same sale, one year earlier.

Why Precious Trade

  1. The figures exist, but not in a usable form. Auction results include up to 27% of buyer’s premium, are never given per carat, and bury origin and treatment in the laboratory reports. We read every lot so you don’t have to.
  2. Coloured stones have almost no public price reference. White diamonds have trade price lists; an unheated Kashmir sapphire or a no-oil emerald does not. Auctions are one of the few sources of real prices.
  3. A gemmologist’s reading. Heated or not, oil or no oil, and the laboratories that disagree on an origin: the details that make the price.
  4. Sale after sale, a trend. One sale is a snapshot. Season after season, Precious Trade builds the price history of the stones the trade deals in.
Diamond

Diamond Data Insights

Price per carat. Auction results.

Sapphire

Sapphire Data Insights

Kashmir, Ceylon, Burma. Price per carat.

Emerald

Emerald Data Insights

Colombia, Zambia. Price per carat.

Ruby

Ruby Data Insights

Burma, Mozambique. Price per carat.

Get insights

The price-per-carat analysis of the Geneva, Hong Kong and New York sales, after each season. Numbers explained, trends named. Free for now.

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