Kashmir Sapphire Ring Sells for $ 4 Million

KL NEWS NETWORK

SRINAGAR

A Kashmir Sapphire ring was sold for over $ four million in the United States.

Reports said that rare coloured gems attracted high auction prices last week, highlighted by the sale of a 21.71-carat Kashmir sapphire at Christie’s New York Important Jewels sale.

“Dubbed ‘The Kelly Sapphire’, the dark-blue natural gem, flanked by two trapeze-shaped diamonds, sold for $4.2 million ($193,000 per carat),” the reports informed. “More than double the pre-sale estimate of between $1.5 – 2 million.”

“From Kashmir sapphires to Burmese rubies and fine quality diamonds, collectors and members of the trade showed great enthusiasm to acquire beautiful jewels and rare gemstones,” said Rahul Kadakia, International Head of Christie’s Jewellery.

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