News

Advanced Search

12ct. Kashmir Sapphire Prompts Bidding War

Aug 16, 2021 7:08 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
An 11.9-carat Kashmir sapphire ring that sold recently at Fellows achieved one of the highest prices for a single item in the auction house’s 145-year history, according to the company.

Following what Fellows dubbed a “fierce bidding war,” the ring fetched a hammer price of GBP 141,000 ($195,290) at the Fine Jewels auction in Birmingham, UK, and ultimately totaled GBP 175,980 ($243,888) — well above its presale high estimate of GBP 150,000 ($207,788), the auction house noted. The piece features rose-cut diamonds surrounding the center sapphire.

“We...received so much interest in the incredible Kashmir sapphire ring, which was hugely popular,” said Stephen Whittaker, auctioneer and managing director at Fellows. “It was exciting selling the item and seeing the multiple bids come in for the ring.”

In total, the July 29 event sold around GBP 1 million ($1.4 million) in jewelry, attaining “phenomenal results,” the auction house added.

Image: The 11.9-carat sapphire ring. (Fellows)
Tags: Fellows, Kashmir sapphire, Rapaport News, Stephen Whittaker
Similar Articles
Memo mag Aug 2022A Trip Down Memo Lane
Aug 17, 2022
While consignment can be a touchy subject for jewelry creators, both they and their retail clients
Rapaport Diamond PodcastPodcast: The GIA Goes Digital
Aug 10, 2022
Pritesh Patel, chief operating officer at the Gemological Institute of America (GIA), explains the organization’s digital
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.