They say jewelry is a bad investment but it depends on what you buy. Calvin Klein, who bought jewels belonging to the Duchess of Windsor for Kelly Klein made quite a return on his investment. The collection of natural pearls the couple put up for sale brought in $4.82 million, far above the $3.1 million high estimate. I hope whoever bought it wears it, wearing pearls helps them keep their luster.
The jewels were part of the Sotheby's Magnificent Jewels auction in New York Tuesday in which 366 lots went for a total for $48.827 million. Other expensive pieces included a pair of Harry Winston diamond pendant-earrings that sold for $3.961 million and a pear-shaped 32.16 carat Harry Winston diamond ring which went for $3.289 million. The Jewels for the Jungle auction also did well bringing in a total of $1.181 million for the World Wide Fund for Nature.