Cartier ring sells for £20,000 at auction, tripling estimated value

A mid 20th Century ruby, emerald and diamond ring by Cartier was sold for £20,000 – almost three times its high estimate – by Dix Noonan Webb in their auction of Jewellery and Objects of Vertu on Tuesday March 15, 2022 at their Mayfair saleroom.

Comprising three bombé hoops, it had been estimated to fetch £5,000-7,000, and was bought by a member of the London trade and consigned by a private vendor.

The auction also included an early 20th century gold and diamond set buckle by Cartier, circa 1902 – the year that Cartier opened a their first boutique in London to coincide with the coronation of King Edward VII, which sold to a private buyer for £4,400 for double its pre-sale estimate.

Frances Noble, head of the jewellery department and associate director at Dix Noonan Webb, said: “The sale results illustrate the extremely strong auction market at present, and an overall shortage on the market of good quality pieces, which in turn is leading to competitive bidding. Period Cartier jewels are currently highly sought after and attract exceptional prices.”

source https://www.jewelleryfocus.co.uk/204269-cartier-ring-sells-for-20000-at-auction-tripling-estimated-value