A 28.18 ct. exceptional platinum, Kashmir sapphire, and diamond ring sold for $5,093,000 at Sotheby’s New York on April 29.
An anonymous buyer paid $180,731 per ct., a new auction record for price per carat for any sapphire.
The sale was part of the Magnificent Jewels auction, in which total sales were $44,313,500.
The largest sale of the night was the magnificent fancy-intense orangy-pink diamond and diamond ring. The 15.23 ct. ring sold for $6,101,000 to an American private collector.
Be sure to sign up for OUR NEWSLETTER to stay up-to-date on the latest jewelry developments