Cowan's Auctions, Inc. inaugural Fine Jewelry and Timepieces Auction realized $560,000 in sales on March 29. The 300-lot sale, held at Cowan’s Auctions salesroom, featured a collection of signed and unsigned jewelry, timepieces, handbags and other couture.

The highest selling lot in the sale was a 42.38-carat Diamond Necklace, which realized $74,025. This 18K white gold and diamond straight-line-style necklace has 79 round brilliant-cut diamonds, G-H color and VS-SI clarity.

Diamond rings, earrings, and eternity bands also did particularly well in the auction. A 4.96-carat Emerald-Cut Fancy Yellow Diamond Ring sold for $38,187. A pair of 3.01 Cushion Cut Fancy Intense Yellow Diamond Earrings sold for $17,625 and a 12.68-carat Diamond Eternity Band realized $47,000.

A number of wristwatches and pocket watches hammered down above their high estimates in the timepieces portion of the auction. A Patek Philippe with 18K Gold Mesh Band hammered down at $19,975. An Audemars Piguet Gentleman’s 18K Gold Dress Watch realized $3,600 and a Vintage Diamond Set Pocket Watch sold for $3,818.

“I was extremely pleased with the results of our inaugural auction,” notes Wes Cowan, President and Principal Auctioneer, Cowan’s Auctions Inc., “The strong results proved that Cowan’s continues to attract bidders from around the globe who respect our brand and reputation. We’re already looking ahead to our next sale.”

Exceptional consignments are now being accepted for Cowan’s next Fine Jewelry and Timepieces: Live Salesroom Auction, to be held on September 13, 2012 at 10:00 a.m. For more information about consigning for the upcoming auction, visit cowans.com or call 513.871.1670 ext. 17.

Contact:  Erika McMillan, Director of Marketing Communications

                 Erika@cowans.com

                 513.871.1670ext.30

About Cowan’s Auctions, Inc.

As one of the nation’s leading auction houses with sales approaching $20 million, Cowan’s

has been helping individuals and institutions build important collections for more than a

decade. The company’s seven divisions of American History, American Indian and

Western Art, American and European Fine and Decorative Art, Historic Firearms & Early

Militaria, Asian Art, Ceramics, and Jewelry hold semi-annual cataloged sales that routinely

set records for rare offerings. To learn more about Cowan’s visit cowans.com.