Burmese Ruby Tops Record-Setting $160.9 Million Jewelry Auction in Geneva
- May 13, 2015 15:44
Buyers clamored for Cartier jewles and more in Sotheby’s Geneva Magnificent Jewels and Noble Jewels sale on Tuesday. The sale reached over $160.9 million, the highest ever total for any jewelry auction.
In all, 93.5 percent of the 484 lots sold with a number of auction records set at the sale held in Geneva's Hôtel Beau-Rivage.
Leading the sale was “Sunrise Ruby,” a 25.59-carat Burmese stone that fetched $30.3 million, well beyond its high estimate of $16 million. The sale seta new world record for ruby at auction, a new world auction record for any ruby per carat, and a new world auction record for any stone by Cartier.
