Tag Archives: Sotheby’s Magnificent Jewels sale

The Jewelry Insider

October 11, 2013

You know that $60 million you have lying around? Loosen your purse strings, jewelry hounds. We’re going rock shopping.

A rare pink diamond weighing in at a whopping 59.60 carats could fetch a record $60 million or more according to Sotheby’s. The auction house will put this baby on the block November 13th, and the jewelry world is buzzing with excitement.

The “Pink Star” (as the little darling likes to be called) is quite simply the most valuable diamond ever to be offered at auction. Yup. Ever.

“It is full of fire and light. If it sells it will be a record price for any gemstone so far at auction,” David Bennett, chairman of Sotheby’s jewelry division in Europe and the Middle East, told Reuters in Geneva earlier this month.

The current record is held by the “Graff Pink”, a 24.78 carat fancy intense pink diamond bought in 2010 by Laurence Graff for 45.44 million Swiss francs ($45.75 million then).

Click here for my coverage of that piece of pink perfection.

In the meantime, thinking pink is all the rage this month as Breast Cancer Awareness takes center stage. For those of you who like to donate to a worthy cause and look swell doing it, take a gander at these Limited Edition LINKS designer bracelets that include a $25 donation with every purchase to Susan G. Komen for The Cure.

And be sure to check out LINKS on ‘The Talk’ with Sharon Osbourne on October 23rd where they will feature these very bracelets!

 

The Jewelry Insider

April 26, 2010


Jewelry hounds, I’ve found the ‘covet of the day’ bling for your drooling pleasure.

Recently both Christie’s and Sotheby’s held successful jewelry auctions, with diamonds, emeralds and pearls exchanging hands for millions. But this particular gem caught my eye – a stunner of a ruby ring once owned by philanthropist (aka: filthy rich) eccentric, Isabella Stewart Gardner.

Mounted in platinum, the cushion-cut ruby ring weighs 8.66 carats and is flanked by single-cut diamonds weighing approximately .12 carats. The piece sold at Sotheby’s Magnificent Jewels sale for (wait for it….) $2.098 million (!) with a pre-sale estimate of only $1 million to $1.5 million.

According to Luxist, Gardner was a visionary patron of the arts whose personal collection of fine jewelry and decorative art is housed in her former home, now an esteemed Boston museum, called the Isabella Stewart Gardner Museum. She was strong-minded and intellectually curious and enjoyed her reputation in Victorian era Boston for leading an avant-garde lifestyle – with a particular penchant for rubies.

This particular ruby was originally purchased with a $50,000 inheritance given to Gardner by her brother when he died as a token of remberance. Now many decades (and quite a few zeros) later, some lucky bidder walked away with her sentimental stone – and let’s hope a few body guards for good meausre.

What kind of jewelry would you buy with $50,000? Are you a diamond diva or a gemstone kinda gal? Weigh in!