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109ct. Sapphire Necklace Leads Christie’s Auction
Nov 5, 2018 8:21 AM
By Rapaport News
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RAPAPORT... A rare Kashmir sapphire necklace could set a new auction
world record when it goes under the hammer at Christie’s Hong Kong sale on
November 27.
The Peacock Necklace — which will lead the Magnificent Jewels auction
— contains 21 cushion-cut Kashmir sapphires weighing a total of 109.08 carats.
The piece, with its 10.56-carat center sapphire, is estimated at $12 million to
$15 million, making it potentially the most expensive Kashmir sapphire necklace per carat in auction history, Christie’s said.
Christie’s will also offer an oval-shaped, 10.04-carat,
Burmese pigeon’s blood ruby and diamond ring, carrying a presale estimate of
$6.9 million to $8.7 million.
“In recent years, [the] price per carat for rubies has
increased more than any other gemstone, apart from colored diamonds,” the
auction house said last week. “This has been particularly true for pigeon’s
blood rubies of significant sizes, which have been generating fervent bidding
in auction rooms around the world.”
Other notable lots include a round brilliant-cut, 2.10-carat,
fancy-vivid-blue diamond ring, surrounded by circular-cut pink diamonds. The
piece, which has been graded as internally flawless, is valued at $3.9 million
to $6.4 million. The Ultimate Mogok Blue Treasure, a 396.89-carat Burmese
sapphire holding the Guinness World Record for the largest cabochon-cut sapphire,
is estimated at $500,000 to $1 million.
The Magnificent Jewels auction will also feature the Moon of
Baroda necklace, which Marilyn Monroe wore for the premiere of her 1953
movie Gentlemen Prefer Blondes.
Image: The Kashmir sapphire Peacock Necklace. (Christie’s)
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Tags:
Christie’s, Christie’s Hong Kong, Gentlemen Prefer Blondes, guinness world record, Kashmir sapphire, Magnificent Jewels, Marilyn Monroe, Moon of Baroda, Peacock Necklace, Rapaport News, The Ultimate Mogok Blue Treasure
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