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Blue Diamond Goes Unsold at Sotheby’s

A  Ruby and Diamond Ring, designed by Bhagat was sold for $10.5 million (HKD 81.7 million), or $788,296 per carat at Sotheby’s Hong Kong Magnificent Jewels and Jadeite sale,while a rare blue diamond ring estimated at $7 to $9.6 million failed to achieve its reserve price.

The ruby and diamond ring is set with an oval ruby weighing 13.26 carats with two rose-cut diamonds on the side and diamond-set prongs; the diamonds weighing approximately 10.50 carats in total, mounted in platinum.

“An unmounted brilliant-cut diamond weighing 31.98 carats (Type IIa, D Color, Flawless, with Excellent Cut, Polish and Symmetry) sold for $5 million (HKD 38.9 million), or $155,747 a carat. A pair of pear-shaped diamonds weighing 12.36 and 12.00 carat diamonds sold for $2.9 million (HKD 22.3 million); they are both D Colour, Flawless and Internally Flawless respectively, with Excellent Polish and Symmetry”, wrote The Diamond Loupe