It may be a newcomer for luxury jewelry auction houses, but Fortuna is already making a name for itself. Just a year after being founded, the auction house, which is one of only two that focuses solely on jewelry, will hold its second auction tomorrow in New York City.

Held at the Fortuna showroom on Fifth Avenue, the jewelry auction will feature more than 400 antique, contemporary and estate jewelry pieces from big-name labels like Cartier, David Webb, Tiffany & Co., Herm?s and Van Cleef & Arpels. An interesting spin on this auction gives sellers the option of giving 5 percent of the buyer's premium to their charity of choice.

Key pieces in this event include an Art Deco bracelet, as well as a 29.56-carat pear-shaped brown-yellow diamond ring. Set on an 18-karat rose gold mounting, the ring is expected to go for between $500,000 and $600,000.