The ruby and diamond ring by Verdura is estimated at $12 million–$15 million
The Jubilee Ruby, a 15.99 ct. Burmese ruby and diamond ring by Verdura, will lead the Christie’s Magnificent Jewels auction on April 20 in New York City.
The ring (pictured, right), the most important Burmese ruby to appear at auction in the U.S. since 1990, is estimated at $12 million–$15 million.
“Top-quality Burmese rubies of over 15 carats are an absolute rarity in the world of colored gemstones,” said Rahul Kadakia, international head of jewelry. “The record price of $18.3 million achieved for the 15.04 carat Crimson Flame Ruby at Christie’s Hong Kong in December 2015 exemplified the voracious appetite of collectors for these gems.”
Other top lots in the sale include a 10.07 ct. fancy intense purple-pink diamond ring; a 40.43 ct. perfect D color, flawless circular-cut diamond; and jewels from Buccellati, Cartier, David Webb, Graff, Harry Winston, and Van Cleef & Arpels.
More information on the auction is here.
(Photo courtesy of Christie’s)