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Colored Gems Set Records in November

Posted on November 25th, 2014 by Goldman Buyer

Colored gems are setting records this month. Christie’s and Sotheby’s held auctions in Geneva, raking in over $150 million and $95 million, respectively.

The top lot at Christie’s was The Blue Belle of Asia, a 392.52-carat cushion-shaped Ceylon sapphire mounted on a diamond necklace. The piece set a new world record for any sapphire at $17,295,796. The second top lot was a pair of pear-shaped fancy vivid blue and fancy vivid pink diamond ear pendants, selling for $15,820,731. The grand total at the auction was $150,216,738.

Sotheby’s made $95,272,767 in total, with the top lot being an 8.2-carat cushion-shaped Burmese ruby. The piece sold for $8.6 million, setting the price-per-carat record for a ruby. A Kashmir sapphire and diamond ring also set a record at a price of $5,984,474. A pair of flawless oval diamond earrings sold for $7,147,112.

Courtesy of Diamonds.net

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