Jewellery is a very important part of any man or woman’s wardrobe. Buying jewellery can be exclusive, separately from buying cars and homes, many people testimony jewellery to be the third most expensive product that they have bought.
Here are some of the most expensive jewellery sales.
The carat-busting Oppenheimer Blue diamond ring set a new world record for any jewel sold at auction when it went under the hammer for a mighty $57.7 million in May 2016. Comfortably beating its pre-sale estimate of $38 million, the auction room at Christie’s Geneva erupted in applause as the final figure was announced. Named after its previous owner, Sir Philip Oppenheimer of De Beers, at 14.62ct it was the largest Fancy Vivid blue diamond to ever appear on the auction block.
Pink diamonds are amongst the rarest in the world, accounting for less than five per cent of all colored diamonds, which goes some way towards explaining the eye-watering price tags. According to the Fancy Color Research Foundation, in just over a decade the value of pink diamonds has soared by more than 350 per cent.
And it’s not just diamonds that are emptying the wallets of jewelry connoisseurs. Colored gemstone jewelry is also achieving record-breaking sums at auction, with Burmese rubies, in particular, fetching vast sums. Weighing in at a whopping 25.59ct, the Sunrise Ruby ring set the bar when it sold for $30.3 million at Sotheby’s Geneva just over a year ago. Flanked by two white diamonds, the untreated “pigeon’s blood” Burmese ruby is set into a ring by Cartier and named after a poem written in the 13th century.