Sunrise Ruby, a rare ruby and diamond ring weighing 25.59 carats, Cartier. Estimate: CHF 11,700,000 – 17,500,000. Price Realized: CHF 28,250,000 (US$ 30,335,698). Image courtesy of Sotheby’s
GENEVA – Sunrise Ruby, an exceptional and immeasurably rare 25.59-carat Burmese stone top Sotheby’s auction of Magnificent Jewels and Noble Jewels in Geneva. Mounted by Cartier, the exceptional piece sold for CHF 28.3m/US$ 30.3 million, establishing a new record both for any ruby per carat, and for any stone by Cartier. Estimated at CHF 11.7 -17.5 million / US$ 12-18 million, the price realized by the Sunrise Ruby more than tripled the previous record set by the superb 8.62-carat ‘Graff Ruby’ at Sotheby’s Geneva on November 12, 2014.
Following the Sunrise Ruby is the ‘Historic Pink Diamond’. Believed to have been part of the collection of Princess Mathilde, niece of Napoleon, the, exquisite 8.72-carat stone only recently resurfaced, having been kept in a bank vault since the 1940s. With VS2 clarity and mesmerizing color, the stone is also remarkable for its classic non-modified cushion cut. The gem was clearly a magnetic beauty at the Sotheby’s Magnificent Jewels and Noble Jewels auction. When it came to the floor, many collectors and connoisseurs of the very finest precious jewels could not resist the amazing pink diamond. Estimated at CHF 13.7-17.5million / US$ 14-18million, it sold to a bidder in the room for CHF 14,810,000 / US$ 15,903,422.
The Sunrise Ruby and the ‘Historic Pink Diamond’ are just two of the Gems that made great impression at the Sotheby’s evening’s auction of Magnificent Jewels and Noble Jewels in Geneva. Four exceptional modern jewels by Cartier also did well at the auction. Together, the four jewels by Cartier achieved an outstanding total of CHF 43,924,000 / US$ 47,166,909 over the estimate of CHF 21.7 million -34.3 million. They include a magnificent diamond necklace. Estimated at CHF 5.9 – 9.8m / US$6 – 10million, it sold for an impressive CHF 6,746,000 / US$ 7,244,057. A ravishing brooch set with a 30.23-carat sapphire established a new world auction record price for a Kashmir sapphire jewel when it achieved CHF 5,738,000 / US$ 6,161,637. It was estimated at CHF 3.4 – 5.9 million / US$ 3.5 – 6 million). In addition, a pair of elegant sapphire and diamond earrings, made with two exceptionally well-matched Burmese Mogok sapphires set a new world auction record for a pair of Burmese sapphire earrings when it sold for CHF 3,190,000 / US$ 3,425,518. It was estimated for CHF 780,000 – 1.2 million / US$ 800,000 – 1.2 million).
The Sotheby’s auction of Magnificent Jewels and Noble Jewels in Geneva achieved a total of CHF 149,851,375 / US$ 160,914,902, the highest ever total for any jewellery auction. The total realized was far above the pre-estimate. 94% of lots were sold.
Speaking after the sale, David Bennett, Worldwide Chairman of Sotheby’s International Jewellery Division, commented: “Tonight’s record result is the reflection of the outstanding quality of the pieces in the sale across the board. The Sunrise Ruby captivated me from the moment I saw it – such an exquisite stone truly deserved the multiple-record-breaking price this evening. The exceptional results achieved for the other Cartier jewels in the sale – including two world auction records for sapphires – and for ‘The Historic Pink Diamond’ are evidence that the market for exceptional jewels is going from strength to strength. The galleries have been brimming with collectors during our worldwide exhibitions, and this translated into lively bidding throughout the sale tonight with truly global demand for the finest diamonds, gemstones and signed pieces of the very highest order.”
Below are some the exceptional jewel at Sotheby’s evening’s auction of Magnificent Jewels and Noble Jewels in Geneva.
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