Advanced Search

Sotheby’s NY Sets Record with Kashmir Sapphire

Apr 30, 2014 10:33 AM   By Amber Michelle
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Sotheby’s New York auction, held Tuesday, April 29, continued the trend of level prices for top-quality diamonds, while lower color diamonds — J,K,L — between 5 carats and 15 carats saw remarkably strong prices.  These stones are still affordable for both the trade and the consumer and are a lot of look for the money.

The sale tallied up $44,313,500 and was sold 81.8 percent by lot and 87 percent by value.  The top lot of the day was  a 15.23-carat fancy intense, orangey pink diamond that sold to a U.S. private for $6,101,000, or $400,590 per carat, against a presale estimate of $6 million to $7 million. Of particular note was the second top lot of the day, a 28.18-carat Kashmir sapphire and diamond ring that sold to an anonymous buyer for  $5,093,000 or $180,731 per carat, setting a world auction record per carat price for a Kashmir sapphire. Bidding throughout the day was swift and decisive with prices staying within the estimates.

Tags: Amber Michelle, auction, diamonds, gemstones, Jewelry, Kashmir sapphire, results, Sotheby's
Similar Articles
Adobe online shopping credit Shutterstock 140US Online Revenues Jump in July
Aug 10, 2022
US e-commerce spending rose in July as Amazon Prime Day drove record online sales, according to Adobe Analytics.Shoppers
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2022 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.