A pair of Kashmir sapphire earrings at Bonhams’ London Fine Jewellery sale on Saturday December 5 set a new auction world record.
The top lot was a pair of Kashmir sapphire earrings, 7.92 ct. and 7.96 ct., which date from the 19th century and were once owned by an unnamed European princess, sold for $2.3 million, beating its highest estimate of $1.2 million.
Jean Ghika, director of Jewellery for UK and Europe at Bonhams, says: “These lots attracted interest from around the globe because of their exceptional quality and rarity. The prices achieved reflect the buoyancy of the market for coloured gem stones of the highest quality.”
“Our last two sales in Hong Kong and London have demonstrated that the market is strong for coloured gemstones”
Photo via Bonham’s
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