Indian royal jewels fetch high prices at global auction house Christie's

The items included a 17-carat Golconda diamond "Arcot II", once owned by the Nawab of Arcot and an antique diamond Riviere necklace once owned by the Nizams of Hyderabad.

Published: 20th June 2019 03:00 PM  |   Last Updated: 20th June 2019 03:00 PM   |  A+A-

The auction sold the collection of Indian jewels and jewelled objects for USD 109.3 million

The auction sold the collection of Indian jewels and jewelled objects for USD 109.3 million (Photo| Christie's website)

By PTI

NEW YORK: A premium "once-in-a-lifetime" collection of royal Indian jewellery has fetched over USD 109 million in the US, the highest total ever for any auction of Indian art and jewelled objects, according to global auction house Christie's.

The items included a 17-carat Golconda diamond "Arcot II", once owned by the Nawab of Arcot, that sold for a stunning USD 3,375,00 (Rs 23.5 crore).

The sale also includes an antique diamond Riviere necklace once owned by the Nizams of Hyderabad, which sold for nearly USD 2,415,000 (Rs 17 crore). The 33-diamond necklace was estimated to sell for USD 1,500,000 (nearly Rs 10.5 crore), Christie's announced on Twitter.

"Once-in-a-lifetime collection, and a specially designed New York exhibition, the Maharajas and Mughal Magnificence auction in New York achieved USD 109,271,875, establishing the highest total for any auction of Indian art and jeweled objects, and the second highest auction total for a private jewellery collection," the global auction house said in a statement.

Almost 400 lots were offered in the auction titled "Maharajas and Mughal Magnificence" - ranging from legendary Golconda diamonds to dazzling coloured stones, the finest jewelled objects used in the royal courts of India to swords and daggers once owned by Indian rulers, it said.

The current auction record is held by 'The Collection of Elizabeth Taylor' which totalled USD 144 million in 2011.

The auction had started with the 'Indore Sapphire Taveez Bead Pendant Necklace, Mounted By Cartier' that owes its provenance to Indore's Maharaja Yeshwant Rao Holkar II, who was educated in England and spent much time abroad with his wife.

The royal necklace achieved USD 206,250 (Rs 1.44 crore), surpassing a high estimate of USD 60,000 (Rs 42 lakh), Christie's said on in a tweet. An antique diamond ring of Rajmata Gayatri Devi of Jaipur sold for Rs 4.45 crore.

Another major sale was of an enamelled and jewelled 'huqqah' set from 1680-1720, "almost certainly made in the imperial Mughal workshop" as per Christie's, which went under the hammer for USD 759,000 (almost Rs 5.3 crore) as compared to its higher limit estimate of USD 350,000 (almost Rs 2.4 crore).

Another carved emerald brooch, and interchangeable 'Jigha' mounting depicting Lord Rama, Sita and Hanuman has sold for USD 735,000 (close to Rs 5.12 crore). A five-strand natural pearl and diamond necklace and a diamond brooch created by Mumbai-based jewellery house Bhagat sold for high prices as well - Rs 11.8 crore and Rs 1.5 crore respectively.

Stay up to date on all the latest World news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp