At Sotheby’s Magnificent Jewels & Jadeite sale, which took place on 7th October 2015 in Hong Kong, a 27.68-carat Kashmir sapphire achieved a new world auction record price per carat for a Kashmir sapphire at US$242,145 per carat. The sapphire sold for US$6,702,564.
This is the latest in an incredible string of records achieved by precious coloured gemstones in recent years, illustrating the rapidly growing demand for them.
The previous world auction record price per carat for a sapphire was a circular-cut Kashmir sapphire of 10.33 carats sold for HK$19,160,000 / US$2,483,136 (US$240,381 per carat) sold by Christie’s in Hong Kong in May 2015. Prior to this, in April 2014 in New York, Sotheby’s set a price-per-carat record for any sapphire at US$180,731 with a 28.18 carat Kashmir sapphire ring. That price-per-carat record was broken twice in the same sale in October 2014 at Sotheby’s Hong Kong – first with lot 1752, a Cartier ring centring a 12.00-carat Kashmir sapphire that brought US$193,975 per carat, and then later in the sale with lot 1938, a ring centring a 17.16-carat Kashmir sapphire that brought US$236,404 per carat.
For more information about this record, visit: www.sothebys.com.
Fabergé collections are available online or in the international boutiques.
Image: The Jewel of Kashmir, Exceptional sapphire and diamond ring. Courtesy of Sotheby’s.
