28.18 Carat Kashmir Sapphire Ring Sets Auction Record

Courtesy Sotheby’s New York

A 28.18 ct. exceptional platinum, Kashmir sapphire, and diamond ring sold for $5,093,000 at Sotheby’s New York on April 29.

An anonymous buyer paid $180,731 per ct., a new auction world record for price per carat for any sapphire.

The sale was part of the Magnificent Jewels auction, in which total sales were $44,313,500.

The largest sale of the night was the magnificent fancy-intense orangy-pink diamond and diamond ring. The 15.23 ct. ring sold for $6,101,000 to an American private collector.