Brooch owned by Elton John unsold at auction

Fri, 26 Sep 2008

An art deco clip brooch, once owned by pop rocker Sir Elton John failed to sell at auction .

The sapphire and diamond brooch, created in around 1935, was expected to go under the hammer for between £12,000 and £15,000. It is designed in the form of the letter J and includes multiple old brilliant-cut and baguette-cut diamonds, five oval-cut sapphires and a bombe cluster of circular-cut sapphires.

The brooch was a highlight of Bonhams' Sale of Fine Jewellery in London's New Bond Street and was accompanied by a photograph showing Sir Elton wearing it during the filming of the video for his 1988 song I Don't Wanna Go On With You Like That. Other jewels in the auction were sold, including an emerald-cut diamond single stone ring by De Beers, weighing 11.05 carats, which fetched £344,800. A natural pearl necklace fetched £62,400, including the buyer's premium.

Jean Ghika, Bonhams' UK director of jewellery, said: "With the current economic uncertainty and the world gold price at a record high, many investors are turning away from stocks and shares to more tangible commodities such as high quality jewellery."
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