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Author Topic: World record price for sapphire  (Read 2340 times)

Aussie Sapphire

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World record price for sapphire
« on: November 23, 2008, 10:05:01 AM »
Despite the financial crisis, someone was prepared to pay a record price for a sapphire ring recently.  The ring featured a top quality 42.28 carat Kashmir sapphire that went for $3.49 million or $82,500 USD per carat.

Not quite the record for per carat price - that goes to a Kashmir sapphire from last April at $135,000/ct but you cant argue with a price tag of $80,000 for this ring.

Financial crisis must be biting a bit though - only half the lots on offer sold and prices were below expectations.

Read more here:
http://www.reuters.com/article/artsNews/idUSTRE4AI8SJ20081120

I'll try and find a picture - its the closest we'll ever get to seeing a sapphire of that value.

cheers
Leah
Aussie Sapphire - The Lapidary Warehouse

 

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