Designed as a stylised insect, the abdomen set with an octagonal amethyst, the legs set with oval and pear-shaped cabochon coral, further highlighted with brilliant-cut diamonds, signed Paloma Picasso and Tiffany & Co.

Potential bidders who intend to export this lot are advised that permits may be required for import in certain countries. If you are interested in this lot, please contact the Jewellery Department before bidding. Stamped 750 for 18 carat gold. Signed Paloma Picasso and Tiffany & Co. Minor scratches to dark red coral. Amethyst and citrine with few scratches and abrasions. Diamonds bright and lively. Pin secured with rotating safety catch. Normal signs of wear to the metal, scratches consistent with wear. In good condition.
"In response to your inquiry, we are pleased to provide you with a general report of the condition of the property described above. Please note that colour, clarity and weight of gemstones are statements of opinion only and not statements of fact by Sotheby's. We do not guarantee, and are not responsible for any certificate from a gemological laboratory that may accompany the property. We do not guarantee that watches are in working order. Prospective buyers should inspect each lot to satisfy themselves as to condition and must understand that any statement made by Sotheby's is merely a subjective, qualified opinion. Prospective buyers should also refer to refer to any Important Notices regarding this sale, which are printed in the Sale Catalogue, in particular to the Notice regarding the treatment and condition of gemstones and to the Notice regarding import of Burmese jadeite and rubies into the US.
NOTWITHSTANDING THIS REPORT OR ANY DISCUSSIONS CONCERNING A LOT, ALL LOTS ARE OFFERED AND SOLD "AS IS" IN ACCORDANCE WITH THE CONDITIONS OF BUSINESS PRINTED IN THE SALE CATALOGUE."