A prize 35-carat sapphire from Kashmir fetched $7.3 million Wednesday, May 13, 2015, according to the auction house Christie’s.
The sale, to a private anonymous Asian buyer, set a world record per carat for a Kashmir sapphire at $209,689 per carat, Christie’s said in a statement.
Kashmir sapphires are sought after for their rich cornflower blue or velvety-blue colour. Sapphire-bearing rock deep in the north western Himalayas was exposed in a rock slide in 1881, prompting a rush of mining activity. The mines were exhausted by the 1930s.
The cushion-shaped sapphire ring that sold Wednesday is set with triangular-cut diamond shoulders and baguette-cut diamonds elsewhere, mounted in gold. The sapphire is of the notable velvety hue often compared to the colour of a peacock’s neck feathers.
In all, the Christie’s ‘Magnificent Jewels’ sale totaled $97.5 million.
Re-posted from http://www.huffingtonpost.in/ dated May 14, 2015.