AssetID: 53129296
Headline: RAW VIDEO: Sapphire Ring Shatters Expectations At Auction Selling For £175,000
Caption: A remarkable sapphire ring by the renowned Parisian house of Boucheron sold at auction last week for a staggering three times its initial estimate. The stunning piece of jewellery went under the hammer at Fellows Auctioneers in Birmingham last week. Entering the auction with a price range of £60,000 to £80,000, the Boucheron ring captivated the attention of eager bidders from around the world. Ultimately, the gavel came down at an astonishing £175,000, leaving attendees and observers alike in awe of the intense bidding battle that unfolded. Potential buyers from across the globe attended viewings in both Birmingham and London to personally examine the exquisite ring. Prior to the auction, five telephone bidders had secured their spots, and numerous others participated online, attracting over 800 registered bidders in total. The auction itself was a thrilling spectacle, with bids bouncing between telephone lines and the Fellows website for over nine minutes. It commenced at an opening bid of £50,000, with the auctioneer incrementally raising bids by £1,000. As passionate bidders vied for ownership of this remarkable piece, onlookers, including the auction house team, watched with bated breath. The climax arrived when the hammer fell at the astounding final price of £175,000. This sapphire and diamond ring, designated as lot 405 in Fellows' October Fine Jewellery auction, achieved a total price of £218,500, inclusive of the Buyer's Premium. Crafted by Boucheron in the 1960s, a house renowned for its opulent creations spanning over 165 years, the ring showcased the perfect harmony between its mount and the exquisite gemstone at its heart. The centrepiece, a vibrant blue sapphire, weighed an impressive 6.76 carats and was encircled by over two carats of dazzling diamonds, all elegantly set in platinum. What set this sapphire apart even further was its origin and natural characteristics. The auction house provided a certificate that indicated the sapphire hailed from the famed Kashmir region in India and had not undergone any heat treatment. The term "Kashmir" carries a unique allure in the world of gemstones due to its geopolitical inaccessibility, which has contributed to the scarcity and desirability of the stones it yields. These sapphires are celebrated for their deep cornflower blue hue and velvety appearance, characteristics that are a testament to the untouched, natural beauty of this precious gemstone. The sale of this Boucheron sapphire and diamond ring was not merely a transaction; it was a testament to the enduring allure of exceptional craftsmanship and rare gemstones. As the gavel fell on this remarkable piece of jewellery, it left a lasting impression on the world of fine jewellery auctions, setting a new standard for luxury and beauty in the eyes of collectors and connoisseurs alike.
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