Red Hot Sale at Sotheby’s geneva: The Graff Ruby, “A Gem among Gems”

Sotheby’s Geneva sale of Magnificent & Noble Jewels was led by the “Graff Ruby” from the Collection of Dimitri Mavrommatis.

The 8.62 carat cushion-shaped gemstone soared above estimate and set a world auction record for a ruby at CHF 8,285,000 ($8,600,410), as well as a record price per carat for a ruby at $997,727* when it sold to Laurence Graff (lot 470, est. CHF 6.5 - 8.56 million / $6.8 - 9 million)*.

This spectacular gemstone displayed the coveted “pigeon blood” red colour associated with the finest rubies from Mogok in Burma, arguably the rarest of all gemstones.

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