Friday, 14 November 2014 - 8:16
Ceylon Blue Sapphire sets new world record
A Swiss auction has set a new world record for jewellery sales, led by a Ceylon sapphire known as the "Blue Belle of Asia" which alone sold for an unprecedented 17.6 million dollars.
Swiss auction Christie's said that 346 items had found new owners on Tuesday evening for a total sum of 147.2 million Swiss francs, exceeding the late actress Elizabeth Taylor's collection which netted 116 million dollars three years ago.
The cushion-shaped sapphire, weighing 392.52 carats and suspended on a diamond tassel pendant, soared to double its pre-sale estimate at the auction, where private collectors and professional traders from the Middle East bid heavily.
International Head of Christie's Jewellery Department, said they are extremely proud that the Blue Belle of Asia established a new world record for any sapphire sold at auction.