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Shirley Temple's Blue Diamond Expected to Sell for up to $35M
Mar 20, 2016 11:48 AM
By Rapaport News
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RAPAPORT... Sotheby’s expects to sell late entertainer and diplomat
Shirley Temple's blue diamond ring for $25 million to $35 million.
The cushion-cut,
9.54-carat, fancy deep blue, VVS2 diamond ring will be offered at Sotheby’s
Magnificent Jewels auction in New York on April 19, according to a statement by
the company March 18. The estimated price translates as up to $3.7 million per
carat.
The child
star’s father bought the ring for her for $7,210 in 1940 around the time of her
12th birthday and the premier of her film The Blue Bird. The film may
have inspired him to pick a blue diamond, as colored diamonds were not as
popular at the time as they are now, Sotheby’s said.
“It’s
remarkable to have one stone illustrate the dramatic shift in attitude towards
colored diamonds over the course of the last century,” Gary Schuler,
co-chairman of Sotheby’s jewelry division for the Americas, said.
The upcoming
auction comes after Sotheby’s sold a string of colored diamonds in the last
eight years, some for more than $30 million each. These included the
12.03-carat Blue
Moon, which fetched a world record $48.5 million, or more than $4 million
per carat, at a sale in Geneva last November.
Sotheby’s will
also auction
the oval-cut, 10.10-carat, fancy vivid blue, internally flawless ‘De Beers
Millennium Jewel 4’ at a separate sale Hong Kong April 5, estimated at $30
million to $35 million (HKD 235 million to 280 million).
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Tags:
Auctions, colored diamonds, Magnificent Jewels, Rapaport News, sothebys, Sotheby's
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