Antique, heirloom second-hand jewellery is a finite commodity, sometimes incorporating unrepeatable craftsmanship and irreplaceable gemstones.
Some of my favourite jewels are antique pieces. The reason is simple: exceptional quality and craftsmanship. One could argue that with today’s tools and technology, jewels are just as well made, if not better. But there is a difference, the exquisite craftsmanship from a hundred, or two hundred years ago was so exceptional that these “artists” accomplished unique pieces, without our modern tools and are still admired to this day.
Cartier is often the go to example when discussing unique skills, then and now. The above Art Déco sautoir by Cartier, was sold at Christie’s in May 2012. With an estimate of CHF74,000-110,000 (approx. £60,000-85,000), it sold for CHF 507,000 (approx. £400,000), excluding premium. The hammer price reflects a combination of excellent work but also unique gems. The quality of the emeralds would have been chosen to be the most vivid green, eye-clean or with very few inclusions. And the pearls, would have had to be selected minutely to match in size, colour, overtone and quality. Any blemish to the nacre, and the pearl would have been discarded.
This necklace would have required hundreds of hours from skilled jewellers and tradesmen.
Another example of the skilled work is this below Belle Epoque pendant watch by Cartier. The pink is enamel and the technique is called guilloché enamel. It resembles waves and the know-how to achieve this is unparalleled. It was sold for CHF7,500 (approx. £6,700) excluding premium at Sotheby’s.
Though the technique requires exceptional skill, the piece’s relatively “low” value for an antique Cartier jewel, can be explained by the lack of gems. Unlike the sautoir, only a few rose-cut diamonds were used in this piece. As complex and unique as this piece is, the demand for such an item is less than, for example, the below rock crystal and diamond Art Deco bracelet by Cartier, and therefore commands a lower price.
The rock crystal and diamond bracelet sold at Sotheby’s for USD237,500. The seven larger old European-cut diamonds, weighing approximately 11.60 carats, are approximately H-I colour and SI-I clarity. The smaller old European, old mine and rose-cut diamonds, weighing approximately 6.80 carats, are approximately G-J colour and VS-I clarity. This piece, just as with the sautoir, is a perfect combination of choosing good quality gems, and working with a semiprecious gem, rock crystal, in such a manner, that probably only a handful of people could ever deal with. The bracelet was sold with a note from the jewellery department stating that it is “exceptionally flexible and supple”. An incredible achievement.
Side stepping away from the worldrenowned jeweller, is Bvlgari. In the 60s, Bvlgari created an entire collection based on antique and irreplaceable coins, the Monete collection. Launched in the 60s, it is one of their most celebrated and successful collections, worn by private individuals and also Hollywood glam, such as Anne Hathaway, below, wearing Monete High Jewellery by Bvlgari.
Their collection includes coins from centuries BC, and never-used replicas. This meant there was limited supply and sourcing took a long time when they initially launched the collection. As popularity grew stronger, sourcing became easier and quicker. Though readily available, these jewels still retail for several thousands, and tens of thousands of pounds.
Irreplaceable gems and antique jewels make up some of the most precious collections, whether on display in a museum or on sale at auction. Exceptional prices and auction sale results will always take the world by surprise but can we actually put a price on a unique antique items of jewellery? Sentimentality will always play a role when inheriting jewellery, and who could put a price on those feelings.
