The Star of Christie’s online auction was a Kashmir sapphire ring

A platinum ring featuring a 16.58-carat Kashmir cabochon sapphire with tapered baguette-cut diamonds sold for $1 million at Christie’s online jewellery sale. Its pre-sale estimate was $800,000 to $1.2 million. The nearly 17-carat Kashmir sapphire was the star of Christie’s online jewellery auction. The cabochon gemstone, set in a platinum ring accented with tapered baguette-cut diamonds, sold within its estimate for $1 million.

Other top lots included a 5.82-carat sapphire and diamond ring that achieved $711,200, more than double its high estimate of $300,000. Also, a 25-carat diamond ring sold for $762,000 against a pre-sale estimate of $400,000-$600,000. 

Among the standout results were a ring featuring a padparadscha sapphire of 26.17 carats which sold for $107,950, and a Cartier emerald and diamond ring, which achieved $101,600—both realizing more than three times their high-end estimate of $30,000.

The Jewels Online sale, which garnered a total of $10.6 million, delivered a “standout performance,” Christie’s said. It was 100 per cent sold by value. More than half of the bidders and buyers were from the Americas, the auction said, and, of all participants, 26 per cent were new to Christie’s.