Gems fetch dazzling prices at auction

Diamonds and jewels netted SFr60 million ($54.1 million) at an auction in Geneva on Tuesday evening.

This content was published on May 12, 2010 - 11:10

The semi-annual sale at Sotheby’s made nearly double the low end of its pre-sale estimate, experts said.

Top lot was a blue cushion-shaped diamond weighing 7.64 carats, mounted in a yellow gold and platinum ring, which went for SFr 8.9 million to an anonymous buyer.

A ring by jeweller Alexandre Reza with a blue diamond of 5.02 carats sold for over SFr7 million to a private collector.

Sales at rival auction house Christie’s will be held on Wednesday in Geneva, Europe’s capital for jewels at auction. and agencies

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