The Bulgari Blue ring fetches $15.7 million at Christies New York auction


Christies has again made headlines with its latest auction, “Jewels: The New York Sale” in which the “Bulgari Blue,” a two-stone diamond ring fetched a record setting $15.7 million. The auction which took place on Wednesday witnessed the ring which is said to feature the largest triangular-shaped fancy vivid blue diamond ever to appear at auction go for a price above its pre-sale estimate of $12 million. The hefty sum fetched by this jewel has earned this ring the title of being the top jewel sold at auction in 2010. In just five minutes of bidding the ring reached this exorbitant priced and finally went to an Asian collector for $15,762,500, with premium. The final winning bid set a new world record price per carat for a blue diamond. The ring features a 9.87-carat, triangular-shaped colorless diamond paired with a 10.95-carat, triangular-shaped fancy vivid blue diamond.

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The exquisite ring designed by Bulgari in 1970’s was offered for sale by a private European collector who had kept the ring for almost 40 years, after purchasing it in Bulgari’s flagship boutique in Rome in 1972 for $1 million.
The auction ended on a high note of success, with total collections registered at a cool $52.5 million.
[NationalJewelerNetwork]