Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

The Star of Egypt Diamond Sold for $3 Mln at Christie’s Auction

Gold Prices

Wed 24 May 2023 | 12:28 AM
Walid Farouk

 Christie’s Geneva Magnificent Jewels sale garnered $45.8 million. It was 94 percent sold by lot.

“The Star of Egypt.” a diamond that sold for $3 million

The cut-cornered rectangular step-cut diamond weighs 105.52 carats.

sold the Chaumet ruby and diamond ring with 13.07-carat ruby

It sold for $5.3 million, compared with its $608,000 to $829,000 pre-sale estimate.

the “The Royal Blue” sapphire and diamond ring sold for $3.7 million, compared with its $1.3 million to $2.4 million estimate.

The cushion-shaped Kashmiri cabochon sapphire weighs 28.55 carats and has no indications of heating, according to GIA, AGL, Gubelin, and SSEF.

The largest private collection of JAR jewels to be offered at auction, according to Christie’s, sold 100 percent by lot at the Geneva “Magnificent Jewels” sale on May 17.

The 28 jewels earned a total of $6.7 million.

The assortment was led by the JAR sapphire, spinel, and diamond “Eye” bangle, pictured at the top, which blew its $276,000 high estimate out of the water, selling for $957,000.

Christie’s Geneva Head of Jewelry Max Fawcett remarked, “The auction today showcased a significant array of important JAR jewels, spanning 40 years of creativity and we are delighted with the results, selling 100 percent by lot: Joel Arthur Rosenthal represents the very best that contemporary jewelry has to offer.”

Including the Eye bangle, the top five JAR lots garnered more than half a million each.