Auctions

‘Jubilee Ruby’ Sells for $14 Million

AuctionsApr 21, 2016

‘Jubilee Ruby’ Sells for $14 Million

The oval-shaped 15.99-carat gemstone topped Christie’s Magnificent Jewels sale, becoming the most expensive colored gemstone ever sold at auction in the U.S.

The oval-shaped 15.99-carat “Jubilee Ruby” topped Christie’s Magnificent Jewels sale, becoming the most expensive colored gemstone ever sold at auction in the U.S. when it sold for $14.1 million.

New York--The oval-shaped 15.99-carat “Jubilee Ruby” sold for $14.2 million at Christie’s Wednesday, making it the most expensive colored gemstone ever sold at auction in the United States, according to Christie’s.

The ruby, set in a platinum and 18-karat gold ring by Verdura, topped the auction house’s Magnificent Jewels sale held Wednesday, with its final price falling within the range that Christie’s predicted when it announced the sale last month.

All told, Christie’s jewelry sale totaled $57 million.

Other top lots included a 10.07-carat brilliant-cut fancy intense purple-pink diamond selling for $8.8 million; a Type IIa, round brilliant-cut diamond weighing 40.43 carats garnering $7.2 million; and a ring set with a 54.62-carat fancy vivid yellow diamond that sold for $2.5 million.

There also was a ring set with a round brilliant-cut diamond weighing approximately 14.11 carats and set in platinum that went for $1.9 million, and another diamond ring with a 41.18-carat cushion brilliant-cut diamond that garnered $1.4 million.

Click through the slideshow below to see the auction’s top five lots.

Brecken Branstratoris the senior editor, gemstones at National Jeweler, covering sourcing, pricing and other developments in the colored stone sector.

The Latest

MajorsSep 24, 2021
Brilliant Earth Is Now a Public Company

CEO Beth Gerstein said she believes in the jeweler’s omnichannel approach as its retail rollout continues.

Events & AwardsSep 24, 2021
These 3 Companies Will Receive Business Grants from PGI USA

PGI created the program to accelerate the growth of the platinum jewelry market in the U.S.

CollectionsSep 24, 2021
Zales Introduces Elvis Presley Men’s Jewelry Line

From its curb link chains to statement diamond rings, the new collection takes inspiration from the “King of Rock ‘n’ Roll.”

Brought to you by
Bringing Sexy Back: The Allure of COUTURE, Italian Style

Take a tour of Italian designers at COUTURE 2021.

TrendsSep 24, 2021
Piece of the Week: Mateo’s Initial Pendant

It’s a trendy take on personalization.

Weekly QuizSep 23, 2021
This Week's Quiz
Test your knowledge of jewelry news from the week of Sept. 20-24, 2021.
Take the Quiz
CrimeSep 23, 2021
5 Men Who Fenced Stolen Diamonds Get 15 Years in Prison

They bought and resold jewels from a South America-based gang that targeted traveling salespeople across the United States.

SourcingSep 23, 2021
Joanna Hardy Completes Gemstone Trilogy with ‘Sapphire’ Book

It’s the follow-up to “Emerald” and “Ruby.”

Brought to you by
What is your Health Care Coverage Strategy?

Health care coverage is a big expense for small businesses - find out how to lower costs long-term instead of every 12 months.

GradingSep 23, 2021
Another Diamond With Fake GIA Inscription Surfaces

Graders at HRD Antwerp found this one, a HPHT-treated natural diamond inscribed with the report number of an untreated stone.

×