Our July Birthstone Report focuses on recent gemstone sales at the world’s premier auction houses, Christie’s and Sotheby’s. And what a time it has been for rubies! In the past two months, a Cartier ruby ring set a new world record…and ruby jewels from distinguished private collections topped their estimates. Let’s take a look:
The Sunrise Ruby from Burma Breaks the World Record at Sotheby’s
A Burmese ruby weighing 25.59 carats sold for a world-record $30.42 million at Sotheby’s May 12 Magnificent Jewels Sale in Geneva. The Sunrise Ruby, which was graded with the rare designation of “pigeon’s blood” color, came from a private collection of Cartier jewels.
According to Reuters, Sotheby’s international jewelry division chairman David Bennett said: “It becomes the most expensive colored gemstone that is not a diamond…It completely mesmerized me, in a sense for me it is the stone of my [40-year] career, it’s just a magical stone.”
Christie’s Sells Iconic Ruby Jewels Once Owned by Jacqueline Kennedy Onassis
At the May 13 Christie’s Magnificent Jewels Sale, also in Geneva, a pair of Ruby and Diamond Ear Pendants and a Matching Ring by Van Cleef & Arpels sold as a lot for $302,000. The jewels were presented to Jacqueline Kennedy as a wedding gift by Aristotle Onassis in 1968.
Each ruby ear pendant is topped by an openwork pavé-set diamond leaf, suspending a detachable cabochon ruby and brilliant-cut diamond cluster pendant. The heart-shaped ring is centered by a cabochon ruby within a brilliant-cut diamond surround.
A Burmese Ruby and Diamond Cluster Necklace Stuns at Christie’s
The jewelry collection of businesswoman and philanthropist Margaret Adderley Kelly sold for $9.8 million, or nearly double its pre-sale estimate of $5 million, at Christie’s June 16 Important Jewels Sale in New York. The Burmese Ruby and Diamond Cluster Necklace ranked in the auction’s top 10 lots; it sold for $845,000, well above its $600,000 high estimate.
Happy Birthday to all of our July-born OBJ readers!
To learn how to clean and care for precious ruby jewelry, please click here.
HEADS UP BARGAIN HUNTERS!
Amazon is celebrating Prime Day, July 15th, when Amazon Prime members will be eligible for even more discounts. It’s a great time to head over and get a Diamond Dazzle Stik.