Some of the world's most exquisite gems have new owners Tuesday after Sotheby's spring auction in Geneva.
The semi-annual sale netted more than $54 million, nearly double the low end of the pre-sale estimate.
The top lot was a blue, cushion shaped diamond ring that weighs seven-point-64 carats, set in a gold and platinum ring.
It sold for more than $9.9 million, double its estimate and a record per carat price for a blue diamond.
Experts suggest the high prices paid at this sale are a sign the international market for gems has recovered from the global economic crisis.
Wednesday, May 12, 2010
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