Lyon & Turnbull sells 98 of 113 London jewellery lots
Hammer prices totalled £323,620 by Carat Capital's count of the house's lot data. Three natural pearl lots made £61,000 against £21,000 in high estimates; the other 95 sold lots fell 8.6% short of theirs.
By Carat Capital
What changed
Most lots sold. Lyon & Turnbull sold 98 of 113 lots at its London Jewellery sale on 21 October. Hammer prices totalled £323,620 on Carat Capital's count, before buyer's premium.
What it means
- If you consign natural pearls: Three natural pearl lots sold for nearly three times their combined high estimates.
- If you buy at regional sales: Fifteen sold lots went below their low estimates, the top lot among them.
- What this is not: A house result. Lyon & Turnbull prints no total; the sums are Carat Capital's.
Key figures
| Lots sold86.7% by lot | 98 of 113 |
|---|---|
| Hammer totalCarat Capital's sum | £323,620 |
| Sold above high estimateof 98 sold | 37 |
| Top lotdiamond earstuds, under the low | £35,500 |
Source: Lyon & Turnbull, London Jewellery sale 921, 21 October 2026, lot data on the sale page. Totals are Carat Capital's sums; hammer prices exclude buyer's premium.
Pearls carried the sale past estimate
Above the top. The 98 sold lots made 4.9% more than their combined high estimates of £308,450, on Carat Capital's division.
Not without pearls. Without the three natural pearl lots, the other 95 sold lots made £262,620 against £287,450 in high estimates, 8.6% under.
Fifteen failed. The largest unsold lot was a late 19th-century diamond brooch estimated up to £20,000. Of the 98 sold, 37 beat their high estimate.
| Lot | Description, as the house titles it | Estimate | Hammer |
|---|---|---|---|
| 106 | A pair of diamond earstuds | £40,000–60,000 | £35,500 |
| 113 | A diamond and natural black pearl brooch / pendant | £10,000–15,000 | £26,000 |
| 55 | A 5.14 carat Asscher-cut diamond ring | £25,000–35,000 | £20,500 |
| 28 | A natural pearl necklace with a diamond clasp | £2,500–3,500 | £18,000 |
| 25 | A natural pearl and diamond pendant | £1,500–2,500 | £17,000 |
Notes on this table
Carat Capital's sums from the 113 lot records: 98 marked sold, 15 unsold; 98/113 = 86.7%. Sold lots' estimates total £215,900 to £308,450; 323,620/308,450 = 1.049, so 4.9% above the high. Pearl lots 113, 28 and 25: 61,000/21,000 = 2.9 times their high estimates. Without lots 113, 28 and 25: 323,620 − 61,000 = 262,620 against 308,450 − 21,000 = 287,450; 262,620/287,450 = 0.914, so 8.6% below. Without lots 113, 28 and 25: 323,620 − 61,000 = 262,620 against 308,450 − 21,000 = 287,450; 262,620/287,450 = 0.914, so 8.6% below.
Natural pearls ran far ahead
Three lots, £61,000. Three natural pearl lots made £61,000 against £21,000 in combined high estimates, 2.9 times.
Small estimates, big bids. A natural pearl pendant estimated at up to £2,500 sold for £17,000. A natural pearl necklace estimated at up to £3,500 made £18,000.
The top diamonds fell short
Earstuds led anyway. A pair of diamond earstuds was the top lot at £35,500, under its £40,000 low estimate.
The Asscher missed too. A 5.14-carat Asscher-cut diamond ring made £20,500, below its £25,000 low.
What to watch
- 24 NovemberChristie's Hong Kong Magnificent Jewels Autumn, the next large jewellery sale on Carat Capital's calendar.
- Not datedA Lyon & Turnbull sale total, which would replace Carat Capital's sums.
The story so far
Go deeper
Corrections
Correction, 25 October 2026: a subhead read 'Sold lots beat their high estimates' and the summary said the hammer total was above the sold lots' combined high estimate, as a sale-wide result. That was true only because of three natural pearl lots; the other 95 sold lots made £262,620 against £287,450 in high estimates, 8.6% under. The subhead, summary and section now say so, and the Christie's sale date now carries its source. What was right as published: every figure. Found by Carat Capital's standards desk on 24 October 2026.
What would change this call
Post-sale changes to the sold lots, or a house total that differs. Then the sums here are re-run on the house's figures.
How the sums are built
Each lot record on the sale page carries its estimate, hammer price, buyer's premium and status. Carat Capital added the hammer prices of the 98 lots marked sold. Adding the house's premium fields gives £414,118.60; premium runs 28% to £25,000, then 27% and 26% in higher bands.
Method
Lyon & Turnbull, 'London Jewellery | 21 October 2026', sale 921, fetched by the Bureau 24 October 2026, 200, 334,769 bytes. The Editor parsed the page's embedded lot array this run: 113 records, 113 distinct lot numbers, currency GBP, session date 2026-10-21T13:00Z; status 'sold' 98, 'unsold' 15; hammer above zero on exactly the 98 sold; hammer sum 323,620.0; premium sum 90,498.60; sold lots' low estimates 215,900 and high estimates 308,450; 37 sold above the high, 46 within, 15 below the low. Premium tiers in the lot data: 28% from £0, 27% over £25,000, 26% over £500,000. The house publishes no sale total; the page has no dateline. The sale is three days old; Carat Capital had not reported it. ARCHIVE, by entity: Carat Capital's archive, 'Lyon' with 'Turnbull' 0 rows; 'natural pearl' 3 rows, opened: Bonhams pearl results of 14 and 21 July and a 2 August piece; none covers this sale. NEW. Christie's sale date from its release as carried by artdaily, re-fetched 25 October 2026, 200, 98,117 bytes: '24 November 2026' 2 hits.