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17/08/2017

Jewellery that has broken auction records

All round the world jewellery regularly breaks auction records. The most recent results suggest that the pink diamond remains one of the most sought after gems. However, rubies, sapphires, and even a string of grey pearls, have also reached record-breaking prices.

Let’s look at some of the highest priced jewellery auctioned in recent years:

Pink diamonds

The pink diamond is one of the rarest gems in the world, which means one will always attract a high price at auction. Recently a pink diamond auctioned by Sotheby’s in Hong Kong achieved more than US$70 million.

The 59.60 carat stone had previously reached US$83 million, but the buyer defaulted.

Another pink diamond that made the record books was a 9 carat gem that Christie’s auctioned for US$18 million in Geneva last year.

Grey pearls

In 2015, a string of natural grey pearls that once belonged to Viscountess Cowdray, Lady Pearson, reached an amazing HK$5.3m at Sotheby’s in Hong Kong.

At the same auction, a 27.68-carat Kashmir sapphire, known as the Jewel of Kashmir, and diamond ring sold for HK$52.28m.

The Sunrise Ruby

The Sunrise Ruby is a rare Burmese gem weighing 25.6 carats. It was set for auction by Cartier and brought over US$30 million when it was auctioned by Sotheby’s in Geneva in May 2015.

The Hope Spinel

In 2015, an Australian auction hit the headlines when the 50.13-carat Hope Spinel achieved more than A$1 million. The stone, set with diamonds, was the centrepiece of a 19th century gold and silver brooch.

Elizabeth Taylor’s jewellery collection

The Hollywood legend was well known for her love of luxurious jewels and, when her collection was sold in 2012, the auction netted a staggering US$115 million. However it was a single pearl necklace that grabbed the limelight when it sold for US$11.8 million.

Conclusion:

The record-breaking prices reached at recent auctions have made headlines the world over, and there seems to be no shortage of bidders keen to own of some of world’s finest jewellery – whatever the price.

However, even on a limited budget, you can have a piece of jewellery that looks priceless.

For that breathtaking look you have always wanted, ask Diamonds by Design about our bespoke design service today.

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