Peak in Gold Price Reaps Rewards at Mallams' Jewellery, Watches & Silver Sale on 31 July

09/08/2019     General News

An increase in the price of gold on the day of the sale meant that gold jewellery and coins sold particularly well at Mallams' Jewellery, Watches & Silver sale last week, helping the auction house achieve a sale total of £307,000 with a selling rate of almost 94% - a fantastic result.

An 18 carat gold fancy-link necklace and bracelet suite (lot 179) by the internationally renowned goldsmith and pioneer of Greek revivalist jewellery design, Ilias Lalaounis, achieved £2200 against an estimate of £700-£900, whilst an 18ct gold and gem set owl brooch (lot 184) made double estimate at £1000.

Diamond and coloured gemstone rings provided a similar buzz of interest, with two diamond single stone rings (lots 343 and 347) selling for £5000 and £6500 respectively. A sapphire and diamond cluster ring (lot 349), featuring an unheated Myanmar (Burma) sapphire weighing approximately 2.10ct, sold for £3600, and an emerald and diamond double cluster ring (lot 348) achieved a hammer price of £6800. Featuring a pear-shaped Colombian emerald and similarly shaped old-cut diamond, it was a truly striking piece.

Georgian and Victorian period jewellery proved consistently popular, the hammer falling at a stunning £7400 for a late 18th/early 19th century diamond bird brooch (lot 351) featuring a cushion-shaped old-cut diamond at its centre and pavé set diamond wings. A 19th century coral cameo (lot 222), carved to depict a bacchante enclosed by fruiting vines, achieved £1300, and a collection of green paste jewellery (lot 49) made £1600, each reflecting the current strong demand for antique coral and paste pieces. From the property of a collector, a Georgian memorial panel ring (lot 269), painted en grisaille with a maiden in mourning, peaked at £550.

The top selling lot of the sale, a gentleman's stainless steel 'Speedmaster' chronograph wristwatch (lot 357), complete with maker's box and guarantee dated 17 March 1964, attracted considerable interest due to its condition and age, selling to a telephone bidder for £13500, over four times its top estimate.

In the silver category, two late Victorian scent bottles by Sampson Mordan each achieved above estimate prices. The first (lot 474), a silver mounted Webb cameo glass example in fitted case, modelled as the head of a swan, made £2200, and the second (lot 487), a silver scent bottle decorated with enamel primroses, sold for £400.

Other silver highlights included lot 616, a William and Mary silver tazza dating from 1693, selling for £2200, and lot 569, a set of four late Victorian silver rectangular entree dishes and covers by the Sheffield based silversmiths, Thomas Bradbury & Sons, selling for £2,000. An attractive pair of George III Irish silver sauce boats by Richard Williams (lot 650), decorated with flowers and scrolls, achieved more than double estimate at £1400.

Mallams is now accepting entries for its next Jewellery, Watches & Silver Sale on 13 November 2019. If you have any items of interest, please call 01865 241358 and speak with Mallams' expert valuation team.

All prices are subject to a 27% buyers' premium (VAT inclusive).