Sotheby’s Jewels and Noble Jewels sale in Geneva raised a total of CHF 149.85 million (US$ 160.91 million) well in excess of its pre-sale estimate of CHF 87 million with 94 percent of the lots sold.
The result was partly attributable to the setting of a new world record for a ruby, with the "Sunrise Ruby," a 25.59-carat Burmese stone set with diamonds by Cartier, which sold for CHF 28.3 million ($30.3 million), more than double of its CHF 11.7-17.5 million estimate. The price also established a new record both for any ruby per carat and for any stone by Cartier.
