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GV Research

Sapphire auction records

Recorded results for sapphire at auction: 11. Every row carries the realised total and the price per carat. Origin, weight, disclosed treatment and the laboratory report are shown wherever the catalogue entry stated them.

Sapphire buying guideAll species
Lots
11
Unsold
0
Origins
3
Last read
Aug 22, 2026
Highest realised · sapphire, CHF

CHF 16,965,000

A spectacular sapphire and diamond necklace, the Blue Belle of Asia

392.52 ct · Sri Lanka · None

Christie's · Geneva Magnificent Jewels · Nov 11, 2014christies.com

The total the lot achieved, including the buyer’s premium as the house published it. Highest in this ledger, not a claim about every sale ever held.

Highest per carat · sapphire, CHF

CHF 199,421.63

A highly important sapphire and diamond ring

17.29 ct · None

Sotheby's · Magnificent Jewels and Noble Jewels · May 14, 2024roskingemnewsreport.com

Derived from a realised price and a recorded weight. This is the figure the trade compares across sizes, and it is often a different lot from the one beside it.

Where the sapphire came from

Trade read

Per-carat benchmarks for sapphire

The same lots, grouped by the four things that make two stones comparable: species, origin, size band and disclosed treatment. A band is published only where at least 3 lots stand behind it in one currency, and a lot whose treatment was never recorded is left out, because an undisclosed treatment is not the same as no treatment.

Ranges are stated in the currency of the sale and never converted. Both ends of every range are real lots, each carrying the record it was read from. No average or median is published, because a midpoint is a figure no lot sold at.

Observed per-carat ranges for sapphire by origin, size band and disclosed treatment, in the currency of each sale.
OriginSize bandTreatmentObserved per carat
Sri Lanka20 ct and aboveUntreated
Low CHF 15,125102.40 ct, High Jewelry, sothebys.com
High CHF 43,220.73392.52 ct, Geneva Magnificent Jewels, christies.com
Lots in this band: 3
The ledger

Every sapphire lot recorded

Realised and per carat are two columns of the same table, set at the same size. Order it by whichever you came for. Unsold lots stay in place with their estimates, because what did not sell is a price signal too.

Order by
Auction results recorded for sapphire, with realised price, price per carat and source for each lot.
SaleLotRealisedPer carat
Lot 556Sotheby's
A diamond and sapphire bracelet, Cartier
sothebys.com		CHF 294,400Estimate CHF 150,000 – CHF 200,000—
Lot 597Sotheby's
An impressive pair of sapphire and diamond pendent earrings
Sri Lanka · None · Gubelin Gem Labsothebys.com		CHF 640,000Estimate CHF 280,000 – CHF 430,000—
Lot 619Sotheby's
An attractive sapphire and diamond bracelet
7.04 ct · None · Swiss Gemmological Institute SSEFsothebys.com		UnsoldEstimate CHF 400,000 – CHF 630,000—
Lot 620Sotheby's
The Peacock of Ceylon, an important unmounted sapphire
102.40 ct · Sri Lanka · None · Swiss Gemmological Institute SSEFsothebys.com		CHF 1,548,800Estimate CHF 1,000,000 – CHF 1,500,000CHF 15,125
Lot 140Christie's
The Blue Belle, a superb sapphire and diamond necklace
392.52 ct · Sri Lanka · Nonechristies.com		USD 11,335,000Estimate USD 8,000,000 – USD 12,000,000USD 28,877.51
Lot 1930Christie's
The Regent Kashmir, a sapphire and diamond ringSapphire per-carat record, 2025
35.09 ct · None · Swiss Gemmological Institute SSEFen.thevalue.com		HKD 74,765,000Estimate HKD 65,000,000 – HKD 95,000,000HKD 2,130,664.01
Lot 516Sotheby's
A sapphire and diamond ring
23.65 ct · Sri Lanka · None · Swiss Gemmological Institute SSEFsothebys.com		CHF 685,800CHF 28,997.89
Lot 620Sotheby's
A highly important sapphire and diamond ring
17.29 ct · None · Swiss Gemmological Institute SSEFroskingemnewsreport.com		CHF 3,448,000CHF 199,421.63
Lot 58Sotheby's
An extraordinary sapphire and diamond ring, Cartier
33.51 ct · Myanmar · None · American Gemological Laboratories, LLCsothebys.com		USD 3,266,500Estimate USD 1,500,000 – USD 2,500,000USD 97,478.36
Lot 1860Sotheby's
The Jewel of Kashmir, an exceptional sapphire and diamond ringKashmir sapphire record, 2015
27.68 ct · None · American Gemological Laboratories, LLCsothebys.com		HKD 52,280,000Estimate HKD 48,000,000 – HKD 55,000,000HKD 1,888,728.32
Lot 348Christie's
A spectacular sapphire and diamond necklace, the Blue Belle of AsiaSapphire record, 2014
392.52 ct · Sri Lanka · None · Swiss Gemmological Institute SSEFchristies.com		CHF 16,965,000Estimate CHF 6,650,000 – CHF 9,500,000CHF 43,220.73

Sources

Every catalogue entry behind the figures on this page, with the date each was read. Where a house has since amended its published result, that date tells you which version this record reflects.