Enthusiasts
The Jubilee Ruby Leads Christie’s New York Magnificent Jewels Sale
Jewels du JourIn a sea of rare blue gems headlining the sales in this auction season, the red hot Jubilee Ruby – the starring lot in Christie’s New York Magnificent Jewels sale on April 20th – stands apart with its fiery crimson hue. The oval-shaped Burmese beauty, weighing 15.99 carats, sparkles in an iconic ring setting by Verdura. Rarely do rubies of this size and exceptional quality appear at auction when compared to the finest emeralds, sapphires and diamonds. Estimated to sell for $12 to 15 million, the Jubilee Ruby is poised to join the ranks of other notable rubies sold at auction, such as the 25.6-carat Sunrise Ruby that sold at Sotheby’s last May for $30 million. Rahul Kadakia, International Head of Jewelry: “Top quality Burmese rubies of over 15 carats are an absolute rarity in the world of colored gemstones and the record price of $18.3 million achieved for the 15.04 carat Crimson Red Ruby at Christie’s Hong Kong in December 2015 exemplified the voracious appetite of collectors for these gems.” At 255 lots, Christie’s spring sale is on the smaller side compared to previous major sales, but packs just as exciting a punch. With estimates from $2,000 to $12,000,000 and a […]
