Thursday, November 13, 2014

Graff Buys Pigeon Blood Ruby For Record $8.6M

(IDEX Online) – The 8.62-carat cushion-shaped 'Graff Ruby' ring from the Collection of Dimitri Mavrommatis soared beyond pre-sale estimates and set a world auction record for a ruby at $8,600,410, as well as a record price per carat for a ruby at $997,727.

Another highlight of the evening was a natural pearl and diamond necklace that was likely once the property of Joséphine de Beauharnais, the first wife of Napoleon Bonaparte. Comprising 111 pearls, the necklace sold for $3,426,669, well above the pre-sale estimate of $800,000-$1,400,000.
In addition to the Graff Ruby, the collection included a rare 27.54-carat step-cut Kashmir sapphire with a velvety blue color that sold for $5,984,474, a world auction record for a Kashmir sapphire. It had an estimate of $3m to $6m.
A pair of superb sapphire, ruby and diamond earrings, by JAR. Each of circular form, pavĂ©-set with circular-cut sapphires of various hues ranging from light pink to purplish blue, surmounted with a cage set cushion-shaped stone, one a diamond weighing 3.06 carats, the other a ruby weighing 4.89 carats. Estimate 385,000 — 670,000 CHF. Lot sold 557,000 CHF.
(IDEX Online News) – Sotheby’s Geneva will hold its autumn sale of Magnificent Jewels and Noble Jewels on November 12, with a selection of fine diamonds and precious stones along with items from some of the world’s best-known jewelers.

The sale will feature an ensemble of exceptional jewels and gems from the collection of Dimitri Mavrommatis, including the 'Graff Ruby', a Kashmir sapphire weighing 27.54 carats, and pieces by jeweler JAR.
David Bennett, Chairman of Sotheby’s Switzerland and Chairman of the Jewellery Department for Europe and the Middle East commented: “We are thrilled to be offering exquisite jewels from the Collection of Dimitri Mavrommatis, such as the sensational Graff Ruby, alongside stunning creations by JAR.

The exceptional quality of this collection is a testament to Dimitri Mavrommatis’ discerning eye and impeccable taste.

Natural pearl, ruby and diamond earrings by JAR – Est. $400,000 – $700,000 ($ 578k)

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