Sotheby’s to Auction $4.6M Diamond Necklace

Sotheby's 4.5millionNew York–A platinum and diamond necklace made in 1939 for Queen Nazli of Egypt will be up for auction early next month and is expected to fetch as much as $4.6 million.

Made by Van Cleef & Arpels, the Art Deco necklace is set with more than 600 round and baguette diamonds weighing a total of 217 carats and arranged in a sunburst motif.

Queen Nazli commissioned the necklace, as well as a matching tiara, for her daughter’s wedding ceremony.

The item is one of several pieces of jewelry estimated at over $1 million among more than 500 lots up for auction on December 9.

The lots also include a pair of white gold, chalcedony, sapphire and diamond Couronne cuff bracelets, valued at $400,000 to $600,000, and a platinum, white gold, chalcedony, sapphire and diamond ‘flower-head’ necklace estimated at $350,000 to $550,000.

Both were designed in around 1935 by Suzanna Belperron for Wallis Simpson, later the Duchess of Windsor for whom England’s King Edward VIII gave up the throne.

“The rare combination of superb original design with romantic provenance is irresistible to lovers of fine jewels, and we are thrilled to present them to collectors this December,” said Lisa Hubbard, co-chairman of Sotheby’s jewelry division for North and South America.

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