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KASHMIR SAPPHIRE RING BEATS ALL ESTIMATES AT BONHAMS’ AUCTION

The unique piece sold for $950,000 - $53,956 price per carat
sapphire diamond ring Bonhams
Credit: Bonhams

Bonhams London Jewels sale, held on April 30, saw some “strong prices” achieved for several pieces, among them a 17.43 carat Kashmir sapphire ring, which sold for £723,062 (approximately $950,000, and $53,956 price per carat) – far exceeding its pre-sale estimate of £300,000-400,000.

 

The sapphire and diamond ring dates from the late 19th to early 20th century and is the property of a “European noble family”.

 

The second highest performing lot, according to Bonhams, was “A Diamond and Sapphire Transformable Necklace by Spanish jeweller Grassy”. Dated circa 1935 and featuring a 34.59 carat Sri Lankan sapphire, the necklace sold for £287,562 (approximately $378,000) against its pre-sale estimate of £120,000-180,000.

 

Belle Époque diamond ornament
Credit: Christie’s

 

Another piece that performed well was “one of the most admired diamond lots during the sale’s preview in London, Geneva, Hong Kong and New York” – a 9.07 carat step-cut diamond ring. The step-cut diamond, F colour, Type IIa stone sold for £250,062 (approximately $329,000).

 

emerald sapphire diamond Cartier
Credit: Christie’s


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