Rapaport reported that in 2015, auction house Sotheby’s sold $561.7 million worth of jewelry at 11 auctions, down from a record of $602.5 million the previous year.

However, Sotheby’s has cautioned that “[t]he results cannot be compared with previous periods because they are ‘not aggregated with the same exact information.’”

As quoted in the market news:

The company sold $300.5 million of pieces at its two Magnificent Jewels and Noble Jewels auctions in Geneva, including $161.7 million at the May event and $138.8 in November, where it auctioned off the high-profile Blue Moon diamond for $48.5 million.

Revenue from New York was $135.7 million, comprising $65.1 million at the Magnificent Jewels auction in April, $18.4 million at Important Jewels in September and $52.2 million at another Magnificent Jewels event in December.

The company sold $105.4 million of goods in three Hong Kong auctions, including $37.4 million at the Magnificent Jewels & Jadeite auction in April, $62.7 million at another event with the same name in October and $5.4 million at Fine Jewels and Jadeite in December.

London sales came to $20.1 million (GBP 13.2 million) from three Fine Jewels auctions: $5.2 million in March, $7.6 million in June and $7.3 million in December.

Click here to read the full Rapaport report.

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