Sotheby’s Magnificent Jewels auction sets two world records


The rare and exquisite jewels in Sotheby’s “Magnificent Jewels” sale, promised to woo one and all at the auction. That is exactly what happened at the sale that was held on Tuesday at the Hotel Beau Rivage in Geneva. In fact, the sale was so successful that many pieces surpassed their estimated price. According to a release from the auction house, The Roxburghe Rubies, a set containing a ruby necklace and ruby earrings dating to the late 19th century, fetched a whopping $5.77 million, five times the set’s estimated price! The 2.52-carat green diamond (the largest vivid-green diamond ever to appear at auction) which was said to be the highlight of the auction fetched a final price of $3.08million! An Asian buyer paid this hefty price for this rare stone setting a new world-record price per carat for a green diamond at auction. But it is not just the rare green diamond that set a new record.

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Chatila paid $2.52 million for a 3.17-carat intense blue diamond with a brilliant cut, setting a new world-record price per carat for a blue diamond sold at auction! Chatila also paid $3.13 million for a 74.8-carat fancy vivid-yellow diamond ring.
Overall, the sale generated $36.68 million, which is definitely great.
[NationalJewelerNetwork]