Monday, May 4, 2009

Christie's Dubai Jewels Sale Tops $4M

Jewelry belonging to Umm Kulthum, a legendary Egyptian singer, sold for $118,000 at a Christie's auction in Dubai on Tuesday night. The entire sale reached just over $4 million, with 76 percent sold by lot. The highlight of the sale was a kite-shaped, 5.01-carat, D, internally flawless diamond pendant, which sold for $194,500 to a Middle Eastern private collector. The number of Middle Eastern buyers at Christie's auctions globally has risen 400 percent since 2004.

No comments: