'We could be climbing out of recession' says jewellery auctioneer

Gorringes in the UK's July auction included two very successful watch and jewel sales, leading it to conclude that this is "a positive indication that we are climbing out of recession, it is hoped."

The results showed that the markets for certain fields, especially jewellery, remain particularly strong.

While the price of gold bullion may currently be at an all-time high, the sale of an 18ct gold necklace for £12,000 ($18,121) underlined the strength of the present auction market for gold collectibles.

The diamond-clad Cartier 18ct gold Santos wristwatch ($9,060)

Working out as double its scrap value, the necklace's sale was also boosted by the fact it is by the fashionable contemporary designer, Marina B.

Elsewhere in Gorringes' sale, a stunning Cartier 18ct gold Santos wristwatch brought a respectable six figures. The special commission diamond-set timepiece sold for £6,000 ($9,060) after spirited bidding.

The 18ct gold necklace by Marina B ($18,121)

Gorringes' next sale, also based in Tunbridge Wells, UK, will focus on Fine Art & Antiques. It is scheduled to take place on September 8-9, while the deadline for consignments is August 18.


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