What Economic Slump? High-End Jewelry Sales Soar

The Street reported jewelry auctions are attracting sparkling bids these days despite the world’s economic slump.

As quoted in the market news,

Sotheby’s, Christie’s and other auction houses are all reporting solid jewelry sales for 2011, with some famous pieces set to go under the gavel in the next few weeks. For instance, Sotheby’s expects to sell the 110-carat Sun-Drop Diamond — the world’s biggest top-quality pear-shaped yellow diamond — for up to $15 million next month.

Click here to read the full Street report.