- Joined
- May 25, 2005
- Messages
- 538
*** Ever higher record prices for ruby and sapphire at auctions:
The autumn sales of the main auction houses have seen hammer prices for rubies and sapphires reaching unprecedented levels. Until last month, the record holder per carat for any ruby sold at auction was a Burmese ruby of 6.04ct that changed hands in 2012 for US$ 551,000 per carat. The recent Sotheby's sale in Geneva dwarfed that result, achieving a staggering US$ 994,000 per carat for a 8.64ct ruby, again from Burma.
The highest price paid at auction for any sapphire was achieved by a 392.52ct blue sapphire from Ceylon, demanding US$ 17,564,000 and presented by Christie's in Geneva. The previous record price per carat for blue sapphire has been topped by a Kashmiri sapphire of 17.16ct, which sold at Christie's in Hong Kong for US$ 236,000 per carat.
Of course, all of these previous and current record holders have been spared of any treatment, as confirmed by reports from the Gubelin Gem Lab who was entrusted with the testing of these exceptional gems. These price levels - which most likely are beaten by stones traded privately - reflect the constantly widening gap between the chronic undersupply of and the increasing demand for top-quality rubies and sapphires.
***
Can anybody add pictures?
The autumn sales of the main auction houses have seen hammer prices for rubies and sapphires reaching unprecedented levels. Until last month, the record holder per carat for any ruby sold at auction was a Burmese ruby of 6.04ct that changed hands in 2012 for US$ 551,000 per carat. The recent Sotheby's sale in Geneva dwarfed that result, achieving a staggering US$ 994,000 per carat for a 8.64ct ruby, again from Burma.
The highest price paid at auction for any sapphire was achieved by a 392.52ct blue sapphire from Ceylon, demanding US$ 17,564,000 and presented by Christie's in Geneva. The previous record price per carat for blue sapphire has been topped by a Kashmiri sapphire of 17.16ct, which sold at Christie's in Hong Kong for US$ 236,000 per carat.
Of course, all of these previous and current record holders have been spared of any treatment, as confirmed by reports from the Gubelin Gem Lab who was entrusted with the testing of these exceptional gems. These price levels - which most likely are beaten by stones traded privately - reflect the constantly widening gap between the chronic undersupply of and the increasing demand for top-quality rubies and sapphires.
***
Can anybody add pictures?
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