Srinagar: The Jewel of Kashmir, a 27.68-carat Kashmir sapphire and diamond ring, set a world auction record for the price per carat for a Kashmir sapphire at Sothebys Hong Kong Magnificent Jewels and Jadeite Autumn Sale.
Described as having a cornflower blue hue, the emerald-shaped gem was the top lot at Wednesdays auction, selling for more than $6.7 million (Rs 44 crore) or $242,145 per carat.
The second highest lot in the auction, The Cowdray Pearls, sold for more than $5.2 million, a world auction record for a natural grey pearl necklace.
The necklace is composed of 42 graduated natural grey pearls measuring approximately 12.90 to 6.65mm, completed by a clasp set with a rectangular mixed-cut diamond, mounted in platinum, with makers mark JC. The necklace is accompanied by a pair of earrings, each set with a button-shaped natural grey pearl surrounded by single- and brilliant-cut diamonds, signed Cartier London.
Be Part of Quality Journalism
Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast.