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Sotheby’s Geneva Auctions Sparkle to $51M, Blue Diamond Leads Record-Breaking Sales

Sotheby’s Geneva Auctions Sparkle to $51M, Blue Diamond Leads Record-Breaking Sales

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Sotheby’s recent Royal & Noble Jewels and High Jewelry auctions achieved a combined CHF 41.2 million ($51.3 million), led by a dazzling fancy-vivid-blue diamond that sold for CHF 4.8 million ($6 million).

The unmounted 4.50-carat, oval mixed-cut, internally flawless stone was the star of the November 12 High Jewelry sale, comfortably meeting its presale expectations. The auction delivered strong performance overall, with 94% of lots sold and 75% surpassing their high estimates.

In the Royal & Noble Jewels segment, historic pieces drew intense bidding, including a brooch-pendant once owned by Napoleon and a light-pink diamond ring that belonged to Empress Catherine I of Russia and was later passed down to an Ottoman princess. Several treasures in this category sold for multiples of their projected prices.

Here are the rest of the top five lots from the High Jewels sale:

A pair of striking earrings by Scheiner, showcasing cushion modified brilliant-cut fancy-vivid-yellow diamonds of 38.66 and 38.88 carats suspended from rectangular modified brilliant-cut diamonds weighing 2 and 2.03 carats, achieved CHF 2.7 million ($3.4 million). The jewels sold squarely within their presale estimate range.

A standout ring featuring a cushion-shaped 12.78-carat Burmese ruby flanked by triangular diamonds far outperformed expectations, soaring past its CHF 550,000 ($691,771) high estimate to achieve an impressive CHF 1.1 million ($1.4 million).

A Van Cleef & Arpels ring set with a cushion-shaped 7.69-carat Kashmir sapphire, framed by pear-shaped and brilliant-cut diamonds, exceeded expectations at auction, selling for CHF 914,400 ($1.2 million) against a high estimate of CHF 650,000 ($817,602).

A Van Cleef & Arpels Gazelle necklace featuring graduated oval rubies set between brilliant-cut diamonds—and centered by a striking 5.20-carat oval Burmese ruby—drew strong bidding at auction. The piece, which also includes three detachable ruby pendants weighing 3.56, 3.39, and 2.79 carats, soared past its CHF 320,000 ($402,512) high estimate to realize CHF 838,200 ($1.1 million).

An early 19th-century brooch-pendant once owned by Napoleon Bonaparte drew exceptional interest at auction. Showcasing a 13.04-carat oval diamond framed by old mine- and mazarin-cut stones, the historic jewel shattered its CHF 200,000 ($251,577) high estimate, ultimately achieving CHF 3.5 million ($4.4 million).

A historic ring once belonging to Empress Catherine I of Russia—and later gifted to Ottoman Princess Neslishah Sultan for her wedding—commanded remarkable attention. Set with a brilliant-cut 13.86-carat light-pink VS2 diamond accented by old mine- and rose-cut stones, the piece soared to CHF 2.9 million ($3.7 million), more than seven times its CHF 400,000 ($503,161) high estimate.

A Cartier necklace showcasing an octagonal step-cut 11.78-carat Colombian emerald topped with an old mine-cut diamond—and framed by old European-cut diamonds—attracted vigorous bidding. The piece, also set with a 5.54-carat marquise-shaped D-color, VS2 diamond, surged past its CHF 500,000 ($628,924) estimate to achieve CHF 1.3 million ($1.7 million).

An unmounted cushion-shaped 132.66-carat gemstone, reportedly worn by Emperor Napoleon I at his coronation, captured intense interest at auction. It dramatically exceeded its CHF 48,000 ($60,377) high estimate, selling for CHF 838,200 ($1.1 million.

Dating to around 1840, a tiara from Henrietta Scott, Duchess of Portland, featuring old mine- and rose-cut diamonds, captivated collectors. Designed as a garland of wild roses and convertible into five brooches and two pairs of ear clips, the piece more than doubled its CHF 170,000 ($213,829) high estimate, realizing CHF 393,700 ($495,202).

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International News

Global Bullion Markets Experience Downturn As US Fed Keeps Interest Rates Unchanged

Market Analysts Anticipate Continued Volatility In Precious Metals As Traders Digest The Fed’s Stance On Monetary Policy and Its Implications For Future Rate Trajectories

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Global bullion markets experienced a downturn on Thursday as spot gold and silver prices each fell by nearly 1% following the U.S. Federal Reserve’s overnight decision to keep key interest rates unchanged. Domestic gold and silver prices in India are expected to reflect this global weakness throughout today’s trading session.

ParameterDetails
Gold (MCX) Futures~₹1,43,600.00 – ₹1,43,724.00 per 10 grams
Silver (MCX) Futures~₹1,94,450.00 per kg
Key Contract BenchmarkDecember 2026 Gold Futures are hovering near ₹1,42,324 – ₹1,43,700 levels.
Spot GoldDown ~1%, struggling around $4,044/oz.
Spot SilverDown ~1%, trading below $53.50/oz.
U.S. Fed Policy RateUnchanged at 3.75% – 4.00%.

In international markets, spot gold tumbled nearly 1% to trade near $4,044 per ounce, while spot silver dropped 1% to fall below $53.50 per ounce.

The market reaction follows the latest Federal Open Market Committee (FOMC) meeting, where policymakers voted to maintain the target range for the federal funds rate at 3.75% to 4.00% (3-3/4 to 4 percent).

In an official statement, the FOMC reaffirmed its commitment to supporting its dual mandate of maximum employment and price stability while continuing its policy of maintaining ample reserves within the banking system.

​Market analysts anticipate continued volatility in precious metals as traders digest the Fed’s stance on monetary policy and its implications for future rate trajectories.

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