Mysterious diamond-laden necklace fetches 4.8 million dollars in Geneva auction

Geneva – A mysterious diamond-laden necklace with
possible links to a scandal that contributed to the downfall of Marie
Antoinette, sold for 4.8 million dollars at an auction in Geneva Wednesday.

The 18th century jewel containing around 300 carats of diamonds had been
estimated to sell at the Sotheby’s Royal and Noble Jewels sale for 1.8-2.8
million dollars.

But after energetic bidding, the hammer price ticked in at 3.55 million
Swiss francs (4 million dollars), and Sotheby’s listed the final price after taxes
and commissions at 4.26 million francs (4.81 million dollars).

The unidentified buyer, who put in her bid over the phone, was “ecstatic”,
Andres White Correal, chairman of the Sotheby’s jewellery department, told AFP.

“She was ready to fight and she did,” he said, adding that it had been “an
electric night”.

“There is obviously a niche in the market for historical jewels with
fabulous provenances… People are not only buying the object, but they’re
buying all the history that is attached to it,” he said.

‘Survivor of history’

Some of the diamonds in the piece are believed to stem from the jewel at
the centre of the “Diamond Necklace Affair” — a scandal in the 1780s that
further tarnished the reputation of France’s last queen, Marie Antoinette, and
boosted support for the coming French Revolution.

The auction house said the necklace, composed of three rows of diamonds
finished with a diamond tassel at each end, had emerged “miraculously intact”
from a private Asian collection to make its first public appearance in 50
years.

“This spectacular antique jewel is an incredible survivor of history,” it
said in a statement prior to the sale.

Describing the massive Georgian-era piece as “rare and highly important”,
Sotheby’s said it had likely been created in the decade preceding the French
Revolution.

“The jewel has passed from families to families. We can start at the early
20th century when it was part of the collection of the Marquesses of
Anglesey,” White Correal said.

Members of this aristocratic family are believed to have worn the necklace
twice in public: once at the 1937 coronation of King George VI and once at his
daughter Queen Elizabeth II’s coronation in 1953.

‘Spectacular’

Beyond that, little is known of the necklace, including who designed it and
for whom it was commissioned, although the auction house believes that such an
impressive antique jewel could only have been created for a royal family.

Sotheby’s said it was likely that some of the diamonds featured in the
piece came from the famous necklace from the scandal that engulfed Marie
Antoinette just a few years before she was guillotined.

That scandal involved a hard-up noblewoman named Jeanne de la Motte who
pretended to be a confidante of the queen, and managed to acquire a lavish
diamond-studded necklace in her name, against a promise of a later payment.

While the queen was later found to be blameless in the affair, the scandal
still deepened the perception of her careless extravagance, adding to the
anger that would unleash the revolution.

Sotheby’s said the diamonds in the necklace sold Wednesday were likely
sourced from “the legendary Golconda mines in India” — considered to produce
the purest and most dazzling diamonds.

“The fortunate buyer has walked away with a spectacular piece of history,”
Tobias Kormind, head of Europe’s largest online diamond jeweller 77 Diamonds,
said in a statement.

“With exceptional quality diamonds from the legendary, now extinct Indian
Golconda mines, the history of a possible link to Marie Antoinette along with
the fact that it was worn to two coronations, all make this 18th Century
necklace truly special.”(AFP)

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