It broke the world record already held by the Blue Moon jewel, which sold for £32 million in November 2015. “Originally purchased in the late 19th century and early 20th century as engagement rings by two brothers, they have been passed down through the generations of one family.”, Sign up to receive the best in art, design, and culture from Galerie, © 2020 Galerie Media Group, LLC. Specialists note that the rarest stones boast a combination of key characteristics such as the absence of treatment and exceptional color and transparency. Why so expensive? Sapphires vary in density, so they are measured by size as well as carat weight. There is also a. special variety known as “star sapphire” whereby the gems are cut as cabochons to display the magical star-like effect. If you think dropping $500,000 of an engagement ring is a big deal, then keep reading as you they continue to get even more expensive! “They are now among the most highly prized gems due to their rarity and their scarcity,” says Ghika. Your first newsletter will arrive shortly. In ancient Greece and Rome, kings and queens believed that the gem protected them from harm while during the Middle Ages, the clergy wore blue sapphires to symbolize Heaven. For example, a richly saturated sapphire gemstone will be more expensive than a light-colored one. But it is their place of origin that is the most important element. It was bought for CHF 16,965,000 — around $17,300,000 — becoming the most expensive sapphire and the most expensive coloured stone sold at auction. Aug 23, 2020 - Explore Michael Gough's board "Padparadscha Sapphire, the rarest/most expensive...", followed by 845 people on Pinterest. https://www.galeriemagazine.com/8-worlds-rarest-expensive-sapphires “From antiquity, it was highly regarded for its talismanic properties; today it is valued for its exceptional color.”. This 478.68-carat sapphire pendant necklace is among the five largest sapphires in the world. Photo: Courtesy of Christie's. Examples that are fresh to the market come from an ever-diminishing pool. By analyzing the types of inclusions—tiny microscopic minerals—within the gem, it is possible to ascertain where the sapphire was mined. Color is the most important factor when purchasing a colored gemstone. There are several reasons for this. Emeralds, Sapphires, and Rubies (the “big 3”) are generally considered precious gemstones whereas most other gemstones are considered semi-precious. Cut of Sapphire If a gem is lighter in color, it’ll typically be less expensive. By analyzing the types of inclusions—tiny microscopic minerals—within the gem, it is possible to ascertain where the sapphire was mined. Most Valuable Sapphire Gemstones You will often hear that the rarest and most expensive sapphire is the pink-orange padparadscha from Sri Lanka. tend to smash world records because the mines they come from are either exhausted or have a finite number of years to run,” explains Ghika. The bigger of the sapphires, a 9.23 carat beauty, sold for $1.244 million at Bonhams’ New York Jewels sale in July 2020, more than double its low estimate. Sapphires can range in price from $50 per carat to more than $10,000 per carat, with the most expensive sapphire sold on record costing $135,000 per carat. Then it broke that record again at the same auction. Photo: Getty / Tim Graham. “Sapphire is one of the most valuable gemstones in the world,” Jean Ghika, global head of jewelry at Bonhams, tells Galerie. An Antique 22.66 Kashmir Sapphire and Diamond Pendant – $3,064,000 This precious pendant was sold at Christie’s auction in 2007 for the amount of $3,064,000. In May 2016, the 14.62carat Oppenheimer Blue diamond stone sold for £40 million, turning into the most expensive sapphire gemstone ever sold at that price. 3) An Exceptional Sapphire and Diamond Ring Weight: 35.09 Carats “Sapphire is one of the most valuable gemstones in the world,” Jean Ghika, global head of jewelry at Bonhams, tells, “From antiquity, it was highly regarded for its talismanic properties; today it is valued for its exceptional color.”, While the gemstone can occur in all shades, the most sought after are certainly blue. Each set with a cushion-shaped sapphire weighing 26.66 and 20.88 carats respectively, suspended from a star surmount set with a cushion- and pear-shaped diamonds, post and hinged back fittings. Sapphire has decorated the robes of royalty for centuries. The Blue Belle has changed hands a number of times in its near 100-year-old history. The mine was active for just five years, between 1882 and 1887, when the supply of sapphires was depleted. More recently, they have been associated with royalty and romance thanks to the iconic blue sapphire engagement ring given to Princess Diana and then to Kate Middleton. This 392.52-carat untreated Ceylon sapphire features a cushion-cut stone that draws your gaze into the depths of its captivating blue prism. Sapphires are commonly heat-treated to improve color, clarity, and overall appearance. Its saturated blue colour, poetically referred to as ‘royal blue’, is due to a combination of well balanced trace elements in the stone, typical and characteristic for the finest sapphires of the Mogok gemstone tract. Richard Burton gave this dazzling sugarloaf cabochon sapphire to Elizabeth Taylor on her 40th birthday in February 1972. The price of a sapphire is determined mostly by quality, and a large, low-quality sapphire can be a lot cheaper than a small yet very high-quality sapphire. The second Kashmir sapphire, weighing 6.95 carats sold for $381,325 against its low estimate of $250,000. The sapphire has been named after Polly Logan, the owner of the gemstone. Photo: Courtesy of Bonham's. According to reports from the world’s top gem labs, this sapphire of significant size exhibits the intensely saturated velvety blue —often described as the prized “cornflower blue” hue—indicative of the rare sapphires from Kashmir, which set the standard for blue sapphires. The most expensive sapphire in the world, the gem was discovered in Sri Lanka in 1926. Because of how powerful blue cards were in the original set of Magic: The Gathering, Mox Sapphire grants players an extra blue point of mana per turn. This record-breaking sale is a testament to the rapidly growing sapphire market and the high value that sapphires can command during a sale. Many of the most important sapphires are in museum collections, including the Stuart Sapphire, which is the centerpiece of the Imperial State Crown made in 1937, and the 563-carat Star of India, which is said to be the world’s largest sapphire and can be viewed at the American Museum of Natural History in New York. Sapphires vary in density, so they are measured by size as well as carat weight. Photo: Courtesy of the American Natural History Museum. The sapphire is the stone that Diana will always be associated with, and when she got married, this set of earrings, a necklace, and a bracelet were a gift from the Saudi royal family. Hailing from an important European family, this bracelet is set with five sugarloaf cabochon sapphires from Ceylon weighing a total of approximately 193.73 carats. The maharaja of Kashmir then purchased the mine and work began to uncover these treasures. Joined by articulated segments of square, rectangular, round, and old European-cut diamonds, set in a geometric design, it sold at Sotheby’s New York in 2007 for $3,135,000, three times its low $1 million estimate. A flawless sapphire specimen originating from Sri Lanka, the Logan Sapphire is one of the most famous gemstones in the world. The Star of India, the world's largest sapphire—allegedly around 2 billion years old—weighs 563-carats and is roughly the size of a golf ball. This sapphire has been perfectly cut from the rough crystal to show its colour at its best. Without these, the stone may appear dull, colorless, and gray.Sapphire HueA sapphire’s hue describes the stone’s balance of color as it relates to its neig… But it is their place of origin that is the most important element. Blue sapphires usually have some inclusions, but generally have better clarity than rubies. (Work was only possible during the summer months thanks to heavy winter snowfall.) The 8-carat pear-shaped engagement ring cost Cardi’s fiance a whopping $500,000! The two gemstones form a perfectly matching pair in size and shape, combined with an attractive velvety blue colour and a fine purity. In fact, a very high quality emerald, sapphire or ruby can be even more expensive per carat than a diamond. Sapphire color is evaluated on three qualities: hue, tone, and saturation. Sapphires form in an environment rich with trace minerals, which affect sapphire clarity. The first most expensive engagement ring on the list is owned by American rapper, Cardi B. Centering upon a  cushion-shaped sapphire, to the pavé-set diamond floral branch decorated with moonstones, coloured sapphires, tsavorites, tourmalines, spinel, coloured diamonds, carved sapphires, carved and drop-shaped emeralds, mounted in gold. Photo: Courtesy of Sotheby's, This incredible bracelet is set with a Burmese cabochon sapphire weighing 46.07 carats flanked by two pear-shaped D Color diamonds weighing 8.60 and 9.27 carats respectively. The Richelieu Sapphires currently hold the auction record for sapphire jewels, a Kashmir sapphire and a record price per carat for a sapphire $175,821 per carat. What gemstone is most valuable? Pear-Shaped Blue Ceylon Sapphire from GemSelect And the most expensive sapphire sold at an auction has a price tag of $8,358,520. Architect Uli Wagner Designs a Striking Showroom for the Eye-Catching Rugs of Marc Phillips, Kravet’s Latest Textile Collection Reimagines Colorful Abstract Paintings, Stephanie Goto Designs a Meditation Room Around a Lee Ufan Artwork, 8 Ideas to Help Weather Winter with Calm and Ease. The finest examples hail from three mines: Kashmir in northern India, across its eastern border to Myanmar (previously Burma), and Sri Lanka (previously Ceylon), and when they appear at auction, they cause a huge buzz in the jewelry world and spark bidding wars in the auction rooms. “It is particularly noteworthy for its extraordinary clarity. This rectangular-cut sapphire from Myanmar is not only extraordinary for its size, shape, clarity and color, but it also boasts a fabulous provenance. 4. Most of the time, Sapphires are not more expensive than diamonds. 10 Most Expensive Sapphires Sold at Auction N10. A pair of late 19-century earrings. Sapphire: Blue Belle of Asia – $17.3 million; A 392.52ct cushion cut sapphire, the Blue Belle of Asia sold for an incredible $17.3 million in Geneva 2014. More recently, they have been associated with royalty and romance thanks to the iconic blue sapphire engagement ring given to Princess Diana and then to Kate Middleton. Why is that the case? “Examples that are fresh to the market come from an ever-diminishing pool. Sotheby’s set a new world record for the most expensive sapphire at its October 7 auction in Hong Kong. Taaffeite wasn’t identified until 1945 when a stone that was already cut and labeled as spinel underwent further testing. Weighing approximately 52.72 carats, it was sold in “The Collection of Elizabeth Taylor: The Legendary Jewels Part I” in New York in 2011, achieving $5,906,500, a world-record price per carat for a Burmese stone at auction. Photo: Courtesy of Christie's. It features a combination of two hues in a single stone, pink and orange. On 1 November 2014, the Blue Belle of Asia reappeared, presented for the first time at auction by Christie’s in Geneva as ‘The Property of a Private Collector’. The ring was then passed to his second wife, Martha Baird, but following her death in 1971, it went up for auction in Zurich and sold for $170,000. This limited production has resulted in only a small fraction of the world’s total sapphire supply originating from Kashmir. It was most recently offered at Christie’s in 2003 for $2,105,667. The cheapest Sapphires available on the market today are the fissure filled Sapphires that have cobalt glass in them to improve the color. It was purchased in 1934 by John D. Rockefeller, Jr. from the Nizam of Hyderabad. While gemstones of this quality would normally be faceted, this example was cut into a cabochon shape. Love the color of the sapphires! The Blue Belle Of Asia earns the title of the most expensive blue sapphire in the world, after selling for $17,305,996 at Christie’s Geneva in November 2014. In December 2015, a pair of late 19th-century earrings, set with two cushion-cut Kashmir sapphires weighing a little less than eight carats each, that belonged to a European princess sold for £1,538,500 (approximately $1,988,203) at Bonhams. Another valuable Sapphire form is the very scarce, orange-pink Padparadschah. All rights reserved. While Sri Lanka has perhaps the longest history of producing sapphires, with discoveries recorded as far back as the second century, and for almost 1,000 years in Myanmar, it is the Kashmir sapphires that have acquired an almost legendary status due to an extraordinary story associated with the mine. T. he finest examples hail from three mines: Kashmir in northern India, across its eastern border to Myanmar (previously Burma), and Sri Lanka (previously Ceylon), and when they appear at auction, they cause a huge buzz in the jewelry world and spark bidding wars in the auction rooms. Photo: Courtesy of the Everett Collection. This Sapphire held the world record for the highest price ever paid for a single Sapphire at auction but would be topped later in the same auction by the Richelieu Sapphires. LOT 351 Kashmir Sapphire & Diamond Ring 35 Cts. So, in general, a two-carat diamond will be more expensive than a two-carat sapphire. The most expensive sapphire was sold on record costing $135,000 per carat. To put it simply, the most expensive and rare Sapphires will be untreated, most commercial Sapphires will be heat treated while the cheaper stones will be surface diffused or Beryllium treated. The color of the sapphire is what captivates us, and draws us in for a closer look.But this is only when the color of the stone has the proper measures of hue, tone, and saturation. While gemstones of this quality would normally be faceted, this example was cut into a cabochon shape. This stone most definitely takes the award for least well-known gem on our list of the most expensive gemstones! Fine sapphires of Kashmir or Burmese origin typically fare well but large, incredibly rare stones can sell for millions. There is also a special variety known as “star sapphire” whereby the gems are cut as cabochons to display the magical star-like effect. Only recently discovered, each sapphire is accompanied by two gemological certificates stating that they are both of Kashmir origin. This rare and one of a kind sapphire was sold in Christie’s Geneva in November 2014. Its geographical location is effectively its passport and can add hundreds of thousands of dollars to the selling price.”, An old 1886 map of the Kashmir mine with the Jewel of Kashmir, which was sold at Sotheby's for a record-breaking price of $6,745,688. It fetched $6,135,451 at Sotheby’s Geneva in 2019 against a $2 million estimate. Pricing gemstones by color is tricky because the spectrum is so broad. To this day it remains the most expensive Burmese Sapphire ever sold. It has always been associated with Sri Lanka, but they have also been found in Tanzania, Vietnam and Madagascar, though always in small quantities. Privacy Policy. Others are locked away in private collections. Below, a look at some most jaw-dropping sapphires to ever hit the block at auction. The sapphire has a rich deep blue color and weighs 84.6 g. It is the second biggest sapphire in the world. Taaffeites. and the amazing design. The padparascha sapphire is the most expensive variety. “Sapphires hailing from Kashmir display a vivid velvety blue hue that is unique to the region,” says Ghika. Symbol of nobility, truth, sincerity, and faithfulness. Adored for their brilliant, celestial-blue tones, sapphires have long symbolized nobility, sincerity, wisdom, and faithfulness, making them the perfect birthstone for September. “Created in 1927 and coming from an Asian-American collection, it realized one of the highest prices at auction for an Art Deco bracelet when, pursued by six bidders, it sold to an Asian collector,” specialist Alexander Eblen tells Galerie. It sold at Sotheby’s Hong Kong in 2015 for $6,745,688, which is the world auction record price per carat for a sapphire. This incredible bracelet is set with a Burmese cabochon sapphire weighing 46.07 carats f, particularly noteworthy for its extraordinary clarity. “Stones from these origins tend to smash world records because the mines they come from are either exhausted or have a finite number of years to run,” explains Ghika. Sapphires are among the earliest known gemstones and are highly valued for their durability. Elizabeth Taylor's diamond and sapphire sautoir crafted by Bulgari. In November 2014, the Blue Belle of Asia, a 392.52-carat Ceylon sapphire, was sold for over $17 million, setting the record for the most expensive sapphire ever sold at auction. While the gemstone can occur in all shades, the most sought after are certainly blue. This magnificent gem claimed $17 million at a Christie’s auction in November 2014, setting the record for the most expensive sapphire ever sold at public auction. Sold at Sotheby ’s Geneva on November 2013, this Richelieu sapphire is one of the best. First, this stunning Cartier sapphire and emerald ring sold for $2.3 million, setting a new record sapphire price per carat of $193,975. See more ideas about Padparadscha sapphire, Padparadscha, Jewels. It is a 392.52 carat untreated Ceylon sapphire. The Queen of Romania Sapphire Photo: Courtesy of Christie's. First recorded in Cartier’s workshop in 1913, it was then famously worn by Queen Marie, the granddaughter of Queen Victoria of Great Britain and Czar Alexander II of Russia, to the coronation of her husband, King Ferdinand of Romania, in 1922. Specialists note that the rarest stones boast a combination of key characteristics such as the absence of treatment and exceptional color and transparency. Diamonds are generally priced higher than sapphires, but some very rare sapphires can be more valuable than diamonds. It set a world record for … The most expensive Sapphire While next to the $17.7 million paid for 8.41 carat purple pink this might seem a bit negligible, another notable record was broken at the auction: A 17.16-Carat Kashmir Sapphire and Diamond Ring sold for $4.06 Million Dollars, an equivalent to $236,404 per carat. The Mox Sapphire is the last member of the “Power Nine” and the most valuable Mox Jewel. Its geographical location is effectively its passport and can add hundreds of thousands of dollars to the selling price.”. The fact that Cartier chose this cut is a clear design choice, and one which could be regarded as decadent, considering the scarcity of gemstones of this size and quality.”. Most Expensive Sapphires Fine sapphires of Kashmir or Burmese origin typically fare well but large, incredibly rare stones can sell for millions. Others are locked away in private collections. When valuing a gemstone, we look at the hue, tone, and saturation of the color. Rough sapphire’s most common crystal form is a barrel- or spindle-shaped hexagonal pyramid. In the 1940s, Rockefeller asked Pierre Cartier of the namesake French jewelry maison to recut the stone into this unique shape and mount it for his wife, Abby. The sapphire weighed 27.7-carats, meaning it sold for just under $250,000 per carat! For sapphires, color is king. The accompanying Gübelin Appendix Letter states that this sapphire “possesses a rich saturated and homogenous color, combined with a high degree of transparency, and a finely proportioned cut…Such a combination of characteristics are rare in natural Kashmir sapphires of this size.” Says specialist Alexander Eblan, “It is a true treasure of nature.”, Van Cleef Bracelet Photo: Courtesy of Sotheby's. A well-cut sapphire will display its color to its best ability, while still enhancing luster and brilliance. Below, a look at some most jaw-dropping sapphires to ever hit the block at auction. Most Expensive Sapphire in the World sold by Sotheby’s Here is the Top 10 list of most expensive gemstones in the world: Tanzanite—$1,200 per carat Black Opal—$9,500 per carat Red Beryl—$10,000 per carat Musgravite—$35,000 per carat Alexandrite—$70,000 per carat Emerald—$305,000 per carat Ruby—$1.18 million per carat Pink Diamond—$1.19 million per carat But while the padparadscha is extremely rare, the finest blue sapphires are the ones that receive the top prices at auction. Adored for their brilliant, celestial-blue tones, sapphires have long symbolized nobility, sincerity, wisdom, and faithfulness, making them the perfect birthstone for September. Yellow Diamond: Graff Vivid Yellow – $16.3 million Cartier bracelet from 1927. Now let’s proceed towards the details. The fact that Cartier chose this cut is a clear design choice, and one which could be regarded as decadent, considering the scarcity of gemstones of this size and quality.”, A 9.23 carat Kashmir sapphire consigned sold at Bonhams New York in July 2020 for $US1,244,075 Photo: Courtesy of Bonhams, When it comes to heirlooms, one Australian family hit the jackpot with two sapphire rings. A sapphire and diamond sautoir by Bulgari that was in the collection of Elizabeth Taylor. Rockefeller sapphire ring. Its saturated blue colour, poetically also referred to as ‘royal blue’, is due to a combination of well-balanced trace elements in the gemstone, typical and characteristic for the finest sapphires of Mogok, Burma. The sapphire is of Burmese origin, with no indications of heating. It was resold a few more times before its last appearance at Christie’s New York in April 2001, where it went for a whopping $3,031,000. The area was worked sporadically until the late 1920s and early 1930s, but the glory years of the 1880s were never to be replicated. In ancient Greece and Rome, kings and queens believed that the gem protected them from harm while during the Middle Ages, the clergy wore blue sapphires to symbolize Heaven. Photo: Courtesy of Sotheby's. Prices for a heated padparascha sapphire start at $1,000 per carat. The price of a sapphire is determined based on its quality, which means that a large, low-quality sapphire would be a lot cheaper than a small but very high-quality sapphire. It held the record for a sapphire sold at an auction and for the price per carat with $135,000 per carat. The world's biggest blue star sapphire was recently found in a Sri Lankan mine, weighing an astonishing 1,404 carats. The price was more than triple the pre-sale estimate of £500,000. To offer expert insight into the most expensive royal engagement rings, ... Princess Eugenie's engagement ring features a unique pinkish orange-hued Padparadscha sapphire with a distinctive floral halo of pear and round brilliant diamond accents on a Welsh gold band," Money says. “The gems have been in the same family for more than 100 years,” says Ghika. The Kashmir Jewel Photo: Courtesy of Sotheby's, This striking emerald-cut cornflower blue sapphire weighing 27.68 carats is set with pear-shaped diamonds together weighing approximately 5.70 carats, mounted in 18-karat white gold. More recently, Taylor’s Bulgari jewels were loaned to Hollywood actress Jessica Chastain for a 2013 screening of Cleopatra in Cannes. In 1947 it was sold to Harry Winston before entering the collection of the Greek royal family. Richard Burton and Elizabeth Taylor who is wearing her sapphire and diamond sautoir. Cover: A sapphire and diamond sautoir by Bulgari that was in the collection of Elizabeth Taylor. A well-cut sapphire will display its color to its best ability, while still enhancing luster and brilliance. The most valuable type of Sapphire is the cornflower blue color, known as Kashmir Sapphire or Cornflower Blue Sapphire. The first Kashmir sapphires were unearthed in the late 1870s and early 1880s high up in the Himalayas following a landslide in a remote valley in the Kashmir region of India.

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