$6.7 Million 'Jewel of Kashmir' Set Auction Records, had nothing to do with Kashmir
The Jewel of Kashmir, a 27.68-carat Kashmir sapphire and diamond ring, set a world auction record for the price per carat for a Kashmir sapphire at Sotheby’s Hong Kong Magnificent Jewels and Jadeite Autumn Sale.
Described as having a “cornflower blue” hue, the emerald-shaped gem was the top lot at Wednesday’s auction, selling for more than $6.7 million or $242,145 per carat.
The second highest lot in the auction, The Cowdray Pearls, sold for more than $5.2 million, a world auction record for a natural grey pearl necklace.
The necklace is composed of 42 graduated natural grey pearls measuring approximately 12.90 to 6.65mm, completed by a clasp set with a rectangular mixed-cut diamond, mounted in platinum, with maker’s mark JC. The necklace is accompanied by a pair of earrings, each set with a button-shaped natural grey pearl surrounded by single- and brilliant-cut diamonds, signed Cartier London.
Another item of note was the sale of the historically significant “Dowager Viscountess Harcourt Necklace” to Tiffany & Co for more than $1.5 million. The necklace incorporates diamonds from the French Crown Jewels, purchased by the American luxury jeweler at auction in 1887, which it later sold.
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