Editor’s Note
A 16.58-carat Kashmir sapphire ring sold for $1 million at Christie’s online auction, meeting its pre-sale estimate.
A platinum ring featuring a 16.58-carat Kashmir cabochon sapphire with tapered baguette-cut diamonds sold for $1 million at Christie’s online jewelry sale. Its pre-sale estimate was $800,000 to $1.2 million.
New York—A nearly 17-carat Kashmir sapphire was the star of Christie’s online jewelry auction.
The cabochon gemstone, set in a platinum ring accented with tapered baguette-cut diamonds, sold within its estimate for $1 million.
Other top lots included a 5.82-carat sapphire and diamond ring that achieved $711,200, more than double its high estimate of $300,000.
Also, a 25-carat diamond ring sold for $762,000 against a pre-sale estimate of $400,000-$600,000.
Among the standout results were a ring featuring a padparadscha sapphire of 26.17 carats which sold for $107,950, and a Cartier emerald and diamond ring, which achieved $101,600—both realizing more than three times their high-end estimate of $30,000.
More than half of the bidders and buyers were from the Americas, the auction said, and, of all participants, 26 percent were new to Christie’s.
