A four-strand natural saltwater pearl necklace set a world auction record when it sold to a bidder from Asia for just over $5 million at Christie’s New York (April 14th). The necklace was the second highest-grossing lot of the sale and was the only lot to set a new world auction record.
The Christie's November 11th auction shatters the world record for any sapphire sold at an auction with the Blue Belle of Asia fetching a staggering US$17.7 million.
The 392.52 carats cushion-cut Ceylon sapphire is the world’s fourth largest faceted blue sapphire and was listed as the second most expensive lot at the sale (estimate $6.9 – 9.9 million), however it soon outperformed the highest estimated lot, colored diamond and diamond ear pendants by Bulgari.
The enormous blue sapphire has a provenance dating back to 1937. This is an even larger landmark notice as this was also the first time that a blue sapphire or a colored gemstone lot had been at the top of a public auction and outperformed diamond containing lots.