Monday, November 5, 2012
An estimated $13 million worth of jewelry from the collections of cosmetics matriarch Estee Lauder and daughter-in-law Evelyn Lauder is hitting the auction block at Sotheby’s New York’s “Magnificent Jewels” sale on December 5. All proceeds from the 35 pieces of jewelry benefit the Breast Cancer Research Foundation, the organization founded by the younger Mrs. Lauder in 1993.
Among the top lots is Evelyn’s 6.5-carat pink diamond ring, estimated at $4 million to $5 million, and Estee’s Van Cleef & Arpels diamond necklace — its 47-carat yellow diamond pendant once worn as a ring by the Duchess of Windsor, estimated at $1.5 million to $2 million.
“Each piece of jewelry is unique and very special,” said Leonard Lauder, chairman emeritus of the Estee Lauder Companies, in a statement. “They were each designed to be timeless pieces that also manifest exceptional style and taste. I know that both my mother Estée and my dear wife Evelyn would be pleased that these items are being sold to raise funds for the Breast Cancer Research Foundation. Our mission is to help women around the world so that one day this disease will be a thing of the past.”