Bonhams & Butterfields’ Jewelry and Watches auction held at the company’s San Francisco and Los Angeles locations on Tuesday took in more than $1 million. A pair of diamond oval-shaped hoop earrings went for $12,000, well above estimates of $7,000 to $9,000. “The luxury jewelry market continues to be impressively strong particularly for unique and fashion-forward pieces including colored stones such as rubies, opals, pearls, emeralds, and sapphires of all varieties,” said Michael Larsen, G.G., jewelry specialist in Bonhams & Butterfields’ Los Angeles gallery.

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