DNW's First Jewellery Sale nets over £250,000

The first-ever jewellery sale at Mayfair auctioneers Dix Noonan Webb on 15 March totalled over £250,000, comfortably exceeding the pre-sale estimate. It was a highly successful entry into the jewellery market for the new department, which only opened in November last year.

The star lot was undoubtedly a beautiful and unusual ‘harlequin’ riviere necklace, dating from the 1860s and set with many different coloured gemstones, including rare intense green demantoid garnets and highly prized pink spinels. Sourced from a private client in the West Country, the piece soared above its £15,000-20,000 estimate to fetch £36,000 with buyer's premium (£30,000 hammer price).

A pretty Edwardian diamond garland pendant, centred with an unusual two carat briolette-cut drop, achieved £9,600 with commission (£8,000 hammer price), and a classic emerald-cut diamond ring of 4.03 carats fetched £7,800 (£6,500 hammer price). Period pieces performed strongly with a stylish Art Deco emerald and diamond pendant leaving its £1,500-2,000 estimate far behind and fetching £4,800 (£4,000 hammer price) while an 8.3 carat Alexandrite ring sold for £5,520 (£4,600 hammer price), in line with its estimate.

For 20th century jewellery, signed pieces were the most sought after, with a distinctive bow brooch by Andrew Grima, estimated at £800-1,000, sparking a tense battle between bidders that led to a final price of £4,080 (£3,400 hammer price). A Cartier gold suite fetched the same price as the Grima brooch while a stylish buckle ring by Kutchinsky sold for £1,440 (£1,200 hammer price) against an estimate of £300 to £500. Watches also performed strongly, with a smart lady’s Rolex Oyster Datejust wristwatch and an 18 carat gold gentleman’s Rolex Oyster Perpetual wristwatch from 1949 both selling for £3,120 (£2,600 hammer price).

Overall the sale, which contained a mixture of affordable and high end jewellery, made £260,160 (£216,800 total hammer prices) and was a hugely encouraging result for DNW, which has established itself as one of the world’s leading auction houses for coins, medals, tokens and paper money. The Jewellery Department is now sourcing items for its next sale in early autumn.