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Thursday, 20th October 2005 (5409 views)

This year's 'Magnificent Jewels' auction at Christie's International in New York will display some of the finest and most prestigious jewellery in the industry.

Some sample items will be a ruby ring worn by the president of South Vietnam and a small gold Steinway that was given to pianist Josef Hofmann.

The ring has an estimated value of £45,000 and the piano at £35,000. Both will be on sale at the auction.

These are only a small sample of some of the items that will be on sale. Reportedly, there will be some diamonds worth well over £1 million.

Rahul Kadakia, head of Christie's New York jewellery department, said: "The diamond market is currently quite bullish."

 

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