A Sapphire of Kashmir get 12 buyers in competition at sale of Faraone Casa d’Aste. In the end it was sold for … ♦ ︎
Half a million euros is not cheap. Indeed, it is very much for an auction dedicated to jewelry and watches organized in Milan. And it is the sum agreed for lot 282 of the sale organized at the Four Season by Faraone Casa d’Aste. The auctioneer Patrizia di Carrobio has awarded, for 545,000 euros, a platinum ring with Kashmir sapphire, with a cushion cut of about 9 carats, surrounded by diamonds. The price is in line with the valuations of similar stones on other plazas, but it is also over five times the basic value, which was set at only 100,000 euros. In short, the race to win the ring saw a series of raises by 12 foreign bidders connected by telephone.
Good reception also for the two previous lots, 281 and 273. The first was a demi-piece by Van Cleef & Arpels, consisting of a ring and earrings in platinum with 14 carats of brilliant cut diamonds and 15 carats of round rubies, with a base auction of 15,000 euros was beaten for 60,000, after a long series of raises. The second lot, platinum ring with 4.65 carats octagonal emerald, surrounded by brilliant cut diamonds and baguette, was awarded on the phone at a value of 30,000 euros from a base of 14,000.
The Milanese auction house also signals lot 276, a platinum ring signed Bulgari with an old cut diamond of about 3 carats, surrounded by brilliant cut diamonds and baguette of about 3 carats, wrought for 16,000 euros. Sales totaled around 1,210,000 euros. Now the after sale starts. Federico Graglia