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Colored Gems Set Records in November

Posted on November 25th, 2014 by Joe G

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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