RapNet


Rapaport News

 

Polished Markets

 
Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Ruby Ring Smashes Estimate at Auction

Piece set a new house record for Chiswick.
Sep 22, 2019 9:48 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... A Burmese ruby ring from a private European estate sold for more than 18 times its low estimate, setting a new house record at Chiswick Auctions.

An undisclosed buyer purchased the 10.51-carat, natural, unheated stone for GBP 462,500 ($576,817). The London-based auction house had estimated it would fetch at least GBP 25,000 ($31,179).

“Natural rubies above five carats are very rare, and one over 10 carats is exceptional, so we knew that it might attract a lot of attention,” Sarah Duncan, head of jewelry at Chiswick Auctions, said last week. “Rubies of this size infrequently come onto the market, and because of this and its outstanding quality, bidding was, as expected, extremely competitive.”

Image: The Burmese ruby ring. (Chiswick)
Tags: Chiswick, Chiswick Auctions, Rapaport News, Sarah Duncan
Similar Articles
Rapaport LogoRapaport Weekly Market Comment
Nov 07, 2019
Sentiment improving afterDe Beers reduced rough prices 5%-7% at Nov....
Yellow Prices Fall in Third Quarter
Christie’s to Sell $7.5M Blue Diamond Ring
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us