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Magnificent Jewels Fetch a Total of $44.3M

Posted on May 1st, 2014 by Joe G

Three colored gems stole the show at Sotheby’s spring Magnificent Jewels auction Tuesday.

An emerald-cut Kashmir sapphire set a record for price per carat paid for a sapphire. The gem weighs in at 28.18 carats, and was sold for just under $5.1 million. This gem, however, did not fetch the highest price at the auction. A fancy intense orangy pink diamond ring sold for $6.1 million.

“El Dorado,” a 36.53-carat Colombian emerald mounted on a ring was sold for $2.1 million.

The auction featured a total of 445 pieces and made over $44.3 million.

 

Courtesy of Forbes

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