By Erika W.
Highlights from Christie’s May 18 Sale
Three new world record prices were achieved at Christies Magnificent Jewels sale in Geneva. The top lot sold was a D IF Type IIa heart-shaped diamond weighing 56.15 carats. The massive heart was sold to Graff for $10,946,422 setting a new record as the most expensive heart-shaped diamond in the world. A cushion cut Burmese sapphire of 130.50 carats sold for $7,122,742 setting a new world record price for any sapphire sold at auction. An impressive Imperial Mughal spinel necklace sold for $5,210,902 achieving the highest price for any Indian jewel at auction. The Geneva sale garnered $79 million total in jewelry sales.
In the photo above, a Christie’s employee holds the 56.15 carat D IF Type IIa heart-shaped diamond. The heart sold for $10,946,422 making it the most expensive heart-shaped diamond every sold at auction. The last heart-shaped diamond to set a world record weighed 64.42 carats selling for $5,248,846 at Sotheby’s Geneva.
The cushion cut Burmese sapphire weighing 130.50 carats achieved a new world record price of $7,122,742 at the May 18 sale. The rare sapphire is surrounded by old cut diamonds in a brooch.
An Imperial Mughal Spinel Necklace set the third new world record at Christie’s selling for $5,210,902. The necklace is now the most expensive Indian jewel ever sold at auction. The spinels weigh a total of 1,131.59 carats and were most likely mounted in the 19th century.
A pair of Harry Winston diamond ear pendants with two detachable pear-shaped diamonds weighing 14.85 and 14.59 carats sold for $3,936,342.
An unmounted K VS2 cushion cut diamond weighing 66.37 carats sold for approximately $3.5 million.
A Van Cleef & Arpels ruby and diamond ring set with a cushion cut ruby weighing 8.53 carats sold for approximately $2.3 million.
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