Sotheby’s recently auctioned a 27.68 carat sapphire and diamond ring and a pearls necklace and earrings set, at the just concluded Hong Kong’s Magnificent Jewels and Jadeite Sale. Both the sapphire and diamond ring which is known as “The Jewel of Kashmir”, and the Cowdray Pearls, which comprise of the pearls necklace and earrings,fetched premium prices at the auction.
The auction house revealed that the ring, which has an emerald-cut sapphire center stone and is surrounded by two sets of pear-shaped diamonds,weighing 5.70 carats, sold for US$6.7 million.
On the other hand, the Cowdray Pearls went under the hammer for US$5.27 million, while its pre-sale estimate was placed between US$4.5 million and $7 million.
The sapphire found in the “Jewel of Kashmir” is believed to have Kashmiri origin without any indication of heating, said separate reports filed by the American Gemological Laboratories, Swiss Gemmological Institute (SSEF) and Gübelin Gem Lab. SSEF further stated that the color of the sapphire could be called “Royal Blue” within the trade.
The necklace, on the other hand, has been strung and mounted by Cartier and comprises 42 rare natural grey saltwater pearls, all of which match well in luster, shape, and size.