Industry News by Nemesis

Roster of Multi-Million Dollar Diamonds For Sale at Sotheby's Geneva Auction

May 2, 2016

 

Sotheby’s unveiled highlights of its upcoming auction in Geneva that will feature more than 10 diamonds and gemstones estimated at $1 million or higher.

Headlining the May 17 Magnificent Jewels & Noble Jewels sale is the‘Unique Pink,’ expected to fetch up to $38 million (CHF 36.5 million). In addition, a pear-shaped, 7.32-carat, fancy vivid blue, internally flawless diamond ring will go under the hammer for an estimated $15 million to $25 million. The “exquisite” stone has been awarded the highest possible color grade by the Gemological Institute of America, Sotheby’s said. 

Other notable gems on offer include a marquise, 6.64-carat, fancy intense blue, surrounded by other fancy intense blue and D-color white diamonds, expected to sell for $10 million to $14 million. 

A “dazzling” 7.03-carat Burmese ruby and diamond ring, dubbed the ‘Emperor Ruby,’ is estimated at $5 million to $8 million. Sotheby’s will also auction another ruby expected to fetch up to $5 million and two sapphires with estimates of up to $1.25 million and $1.2 million.

 

Source: Rapaport

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