A pair of diamond earrings by Harry Winston was the top-selling item at a Phillips auction in New York, bringing in $390,600.
Created in 1957, the earrings contain two pear-shaped diamonds weighing 5.27 and 5.76 carats, as well as two marquise-cut diamonds. The price fell just shy of its $400,000 upper estimate at the June 25 auction, which fetched a total of $3.8 million.
Other notable items included a pear brilliant-cut, 10.11-carat, faint-pink, VVS2-clarity diamond ring, which sold for $378,000, near its high valuation.
Two rare pear mixed-cut, red Burmese spinels weighing 16.76 and 16.69 carats went for $302,400, within their estimate. Those gems have been removed from their original earring settings, which contained pear-shaped and round brilliant-cut diamonds. As well as getting the loose spinels, the purchaser received the old settings without the stones attached, as well as an artist rendering by Pamela Hastry showing a possible new earring design for the spinels. The buyer can use that sketch to get the stones reset following the sale if he or she chooses to, Phillips noted.