Cartier Ruby Sets Record in $161 Million Sotheby’s Jewelry Sale

Cartier’s ‘Sunrise Ruby’ Sets $30.3 Million Record at Sotheby’s
The so-called ‘Sunrise Ruby,’ which weighs 25.59 carats, exceeded estimates that ranged from $12 million to $18 million. Source: Sotheby’s via Bloomberg

A Cartier ruby ring fetched $30 million as Sotheby’s sold $161 million of gems, the highest total for a jewelry auction, as collectors snapped up precious stones in Geneva.

Cartier’s 25.59-carat “Sunrise Ruby” exceeded estimates that ranged from $12 million to $18 million as it was sold Tuesday in Geneva, Sotheby’s said in a statement. The untreated pigeon’s blood color Burmese ruby set a record price for a Cartier jewel in auction.

A rare 8.72-carat Fancy Vivid Pink diamond that is said to have links to the niece of Napoleon I, Princess Mathilde Bonaparte, fetched $15.9 million. Estimates called for $14 million to $18 million.

Monday a Picasso painting set a record for the most expensive sale of artwork at auction at a Christie’s sale in New York. The Geneva auction season continues Wednesday as that auction house holds its jewelry sale, which includes a 35.09-carat sapphire and diamond ring. The total estimate exceeds $80 million.

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