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Romanov Sapphire Sells for $4.9 Million in Geneva Auction
Sentiment: NeutralHigh Priority
What Happened?
A 197.80-carat sapphire linked to Russia's imperial past sold for $4.9 million at Sotheby’s in Geneva, surpassing its presale estimate of $2 million. The sapphire was worn by Dowager Empress Maria Feodorovna at the 1903 Winter Palace Ball.
Key points
- The sapphire, known as the Romanov Sapphire, is a natural, unheated Ceylon sapphire weighing 197.80 carats.
- It was part of the Russian Crown Jewels and worn by Dowager Empress Maria Feodorovna at the 1903 Winter Palace Ball.
- The sapphire's presale estimate was up to 1.7 million Swiss francs (approximately $2 million).
- The final sale price of $4.9 million reflects the stone's royal provenance and historical significance.
- The sapphire has a history that includes being sold off anonymously after the Russian Revolution.
Key insights
- The high sale price indicates a growing market interest in items with royal provenance.
- Buyers are increasingly willing to pay premiums for jewelry with documented historical significance.
- The Romanov Sapphire's story enhances its value beyond mere aesthetics.
Why it matters
The sale highlights the enduring appeal of royal artifacts in the jewelry market.
Tags
Entities
Sotheby's· OrganizationGeneva· CityMaria Feodorovna· PersonRomanov Sapphire· ProductCartier· Company
Source
Times of India
