Christie’s Sells Jubilee Ruby for $14 Million

(IDEX Online News) – Christie’s has announced the results of its recent Magnificent Jewel auction, including the sale of The Jubilee Ruby for $14.165 million.

The 15.99-carat oval-shaped ruby, set within a circular-cut diamond and polished gold surround is mounted in platinum and 18-karat gold. The auction house had placed a pre-sale estimate of $12 million to $15 million on the ring.

Other items sold at the auction included a 10.07-carat brilliant-cut fancy intense purple-pink diamond ring, which sold close to the lower limit of its pre-sale estimate at $8.845 million. A round brilliant-cut diamond weighing approximately 40.43-carats sold for $7.221 million – its pre-sale estimate was $7 million to $10 million. Also sold was a 54.62-carat round-cornered rectangular modified brilliant-cut fancy yellow diamond, which sold $2.461 million – its upper pre-sale estimate was $2.5 million.

In total, 202 of the 250 lots of rare diamonds and colored stones were sold, generating $57 million.