Sotheby's broke several world auction records this week at their Magnificent Jewels & Jadeite auction Hong Kong. The auction netted $75M, the top-seller was a pear-shaped fancy vivid pink diamond ring, estimated at $12,894,000 - $15,472,800. The 8.41-carat diamond is described as one of the most intensely saturated diamonds of it's kind, and it's origins are traced to South India.

SUPERB AND HIGHLY IMPORTANT FANCY VIVID PURPLE-PINK DIAMOND AND DIAMOND RING, MOUNTED BY SOTHEBY'S DIAMONDS. Sotheby's. SUPERB AND HIGHLY IMPORTANT FANCY VIVID PURPLE-PINK DIAMOND AND DIAMOND RING, MOUNTED BY SOTHEBY'S DIAMONDS. Photo via Sotheby's.

 

The piece was popular amongst the bidders and ended up selling for $17,778,247. This price sets two world auction records, one for the highest price of any fancy vivid pink diamond as well as the per-carat price for a pink diamond.

The record breaking didn't stop there, as the record for the per-carat price for Kashmir sapphire was broken twice. The first record breaker was a Cartier sapphire ring, which sold for $193,975 per carat. The ring held on to it's record breaking title very briefly as it was quickly snatched away by a sapphire and diamond ring, which sold for $236,404 per carat.

EXCEPTIONAL AND VERY RARE SAPPHIRE AND DIAMOND RING. Sotheby's. EXCEPTIONAL AND VERY RARE SAPPHIRE AND DIAMOND RING. Photo via Sotheby's.

 

Find more jewelry auctions at Barnebys here.

 

Story via ArtDaily/Sotheby's

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