RAPAPORT... Christie’s will hold its spring sale of magnificent jewels in New York on April 14. The sale features 300 jewels, including diamonds, rare colored gemstones and natural pearls.
The sale is expected to achieve a total in excess of $40 million.
The top lot is a four-strand natural colored saltwater pearl necklace (pictured) with a presale estimate of between $3.8 million and $4.5 million.
Black pearls are known for their rarity with very few sold at auction over the past 50 years, according to the auction house.
Christie's last sold black pearls in 2012 in London when the Cowdray Pearls fetched $3.3 million.
Mar 16, 2015 7:07 AM By Deena Taylor