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Ruby Necklace Shines at Sotheby’s Paris Auction, Doubling Its Valuation

A dazzling ruby necklace stole the spotlight at a recent Sotheby’s auction in Paris, fetching more than twice its projected high estimate

diamond world news service

Originally valued at EUR 300,000 ($322,946), the exquisite piece soared to an impressive EUR 609,600 ($657,035), contributing to the auction’s remarkable total of EUR 7.2 million ($7.8 million).

At the heart of this record-breaking sale was a cushion-shaped, 3.12-carat Burmese ruby of the coveted “pigeon’s blood” hue—an extraordinary gemstone that captivated bidders and secured its place as the event’s top-selling lot at the March Fine Jewellery auction.

As seen with this ruby necklace’s stunning performance, the demand for rare and exceptional gemstones remains as vibrant as ever.

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