News

Advanced Search

Apple Exec’s Lab-Grown Ring Sells at Sotheby’s

Dec 6, 2018 7:28 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
 A ring made entirely from lab-grown diamond sold for $256,250 at Sotheby’s on Wednesday, beating its presale estimate.

The ring doesn’t exist yet and doesn’t have a fixed carat weight, as Diamond Foundry, its manufacturer, will craft the piece to fit the wearer. It will contain no metal and is the creation of Apple chief design officer Sir Jony Ive and industrial designer Mark Newson. Sotheby’s originally valued it at $150,000 to $250,000.

The finished ring will have between 2,000 and 3,000 facets when it’s complete. It sold as part of the third Sotheby’s (Red) auction, which musician Bono, artist Theaster Gates and architect Sir David Adjaye founded to support the fight against AIDS. The first edition took place in 2008 and the second in 2013.

The auction also included artwork, sculptures, paintings and furniture, with total proceeds coming to $5.5 million.

Image: The lab-grown diamond ring. (Sothebys)
Tags: apple, Bono, Diamond Foundry, Lab-Grown Ring, Mark Newson, Rapaport News, Sir David Adjaye, Sir Jony Ive, Sotheby’s, Sotheby’s (Red), Theaster Gates
Similar Articles
GIA Matryoshka 150 CenteredGIA Examines Alrosa’s Matryoshka Diamond
Jan 21, 2020
Three months after Alrosa revealed its discovery of a diamond-within-a-diamond, the Gemological Institute of America (GIA) has
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2020 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.