More than two million euros for a Kashmir sapphire up for auction in Monaco

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Jul 21, 2021

A 27-carat Kashmir sapphire was sold for € 2.1 million on Monday evening at an auction organized in Monaco by the Monte-Carlo Sales Hall (HVMC), a spokesperson said on Tuesday. of this house.

Monte-Carlo auction house

Estimated between two and three million euros, this precious stone, mounted on a platinum and yellow gold ring in a double entourage of round diamonds, was put at a price of 1.7 million euros during this sale which takes place. held at the Café de Paris.

Seven phone buyers raised the stakes before the final hammer blow. The buyer, of Italian nationality, will have to pay with costs a total of 2.7 million euros for this jewel which previously belonged to a European princely family.

The most beautiful specimens of Kashmir sapphires, very popular with collectors, are regularly sold for over a million euros. In the 19th century, a landslide in the Himalayan mountains revealed an exceptional stone deposit, the auction house explained.

Today, most of the deposits in this region are closed, which explains the rarity and value of these stones “of a deep blue and a silky and velvety luster”, she added.

In 2014, the “Blue Belle of Asia”, a 392-carat Ceylon sapphire mounted on a diamond necklace had been auctioned for the astronomical sum of 17.29 million dollars at Christie’s in Geneva.

Of the 450 lots of jewelry auctioned on Monday during this sale, 80% found a buyer, for a total of six million euros.

Nice, 20 July 2021 (AFP)

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