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