Elmwood’s are delighted to announce the landmark sale of a stunning 9.46 carat Kashmir sapphire and diamond ring, which sold for seven times its pre-sale estimate (in the sale of Fine Jewellery on July 24, 2019). After ten minutes of competitive bidding, the ring achieved £182,000 against its pre-sale low estimate of £20,000.
The sapphire and diamond ring in 18ct white gold, comprises a cushion cut sapphire of 9.46 carats within a jewelled mount of round cut diamonds totalling approximately 3.00 carats and bears French makers marks. Being of the highly sought-after Kashmir origin, the stone bears no indications of treatment making it even more desirable.
Kashmir sapphires hold an almost legendary status, due to both their unique colour and velvety texture, and their extreme rarity. Kashmir sapphires were first discovered in the early 1880s following a landslide in the remote valley in the Kashmir region of India. Immediately, the Maharaha of Kashmir could see the beauty in these magnificent gemstones and purchased the mine, beginning the remarkable journey of the Kashmir sapphire from rough stone to sparkling gem. The mine was active for just five brief years between 1881 and 1887, before the supply of sapphires was depleted. Thus making them extremely rare and highly collectible.
Samuel Hill, Director of Elmwood’s, said: “We’re thrilled to achieve such a fantastic result for our client, which goes to show the unwavering strength of the market for important and rare coloured stones.”