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Displaying items by tag: evelyn lauder

On December 5, Sotheby’s in New York will help cosmetics executive, Leonard Lauder, auction off jewelry that once belonged to his wife, Evelyn, and mother Estée. The collection is worth at least $13.4 million and includes a 47.714-carat heart-shaped yellow diamond with connections to the Duchess of Windsor, a Van Cleef & Arpels brooch featuring a pair of ruby tulips and diamonds, a flawless 6.54-carat fancy intense pink diamond ring by Oscar Heyman & Bros, and a 22.16-carat platinum and diamond ring from Graff.

Part of Sotheby’s Magnificent Jewels auction, the proceeds from the 35 pieces will benefit the Breast Cancer Research Foundation, an organization founded and championed by Evelyn Lauder. Additional pieces from the collection will be offered in New York as part of the Important Jewels auction in February 2013, also sold to benefit the Research Foundation. Leonard Lauder, chairman of The Estée Lauder Company and acting chairman of The Breast Cancer Research Foundation said, “We are pleased to be partnering with Sotheby’s for this important auction. Each piece of jewelry is unique and very special.”

 The auction comes at a time when high-end jewelry has been outperforming most of the art market. Buyers and collectors continue to seek recession-proof assets and have turned to quality jewelry designed by big names such as Bulgari and Van Cleef & Arpels for stable investments. Sotheby’s said its jewelry sales were up 19% this year.

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