Jewel of Kashmir breaks sapphire record

The Jewel of Kashmir has set a new world record for a Kashmir sapphire.

Jewel of Kashmir
The new record holder

The 27.68-carat sapphire and diamond ring auctioned for $6.7m at Sotheby's Hong Kong Magnificent Jewels and Jadeite Autumn Sale on October 7.

That is a price-per-carat auction record for a Kashmir sapphire.

The sale also set an auction record for a natural grey pearl necklace. The Cowdray Pearls, from the famed collection of Viscountess Cowdray, sold for $5.3m, beating the previous mark of $3.3m, set by the same item in 2012.

The deputy chairman of Sotheby's Asia, Quek Chin Yeow, commented: "The top ten lots show a great variety ranging from coloured stones, diamonds and pearls to jewels of aristocratic provenance, with coloured diamonds selling well over their high estimates."

Please sign up to our free newsletter to receive exciting news about watches and jewellery auctions.

Featured products

Elvis Presley Authentic Strand of Hair
Elvis Presley Authentic Strand of Hair
Sale price£399
In stock
Fidel Castro signed certificateFidel Castro Signed Certificate
Fidel Castro signed certificate
Sale price£2,995
In stock
King Henry VIII Autographed DocumentKing Henry VIII Autographed Document
King Henry VIII Autographed Document
Sale price£55,000
In stock