In a highly anticipated auction held by Sotheby’s in Geneva, a royal tiara and a rare Kashmir sapphire stole the show. The Savoy royal tiara, which had been a treasured possession of the Italian House of Savoy for over 150 years, fetched an impressive $1.6 million. This exquisite tiara, dating back to the 19th century, features 11 natural pearls and diamonds, and can be worn as both a tiara and a necklace, adding to its versatility and charm.
Recognizing the need to engage a younger audience, Sotheby’s took an innovative approach by creating an Instagram filter that allowed users to virtually try on the tiara and take stunning pictures of themselves within the opulent backdrop of an Italian palace. This unique opportunity drew the attention of more than 22,000 people, showcasing the enduring allure of royal jewels.
Benoit Repellin, the head of magnificent jewels sales at Sotheby’s, explained that the royal tiara symbolizes the grandeur and power associated with royal jewelry. The remarkable price it commanded is a testament to its exceptional craftsmanship, the use of high-quality materials, and its historical significance.
Sotheby’s has experienced a surge in demand for royal jewelry, particularly from younger clients in Asia. In fact, Asian collectors have accounted for a third of all tiaras sold by the auction house in the past five years. This highlights the growing interest and appreciation for these unique and storied pieces.
Another extraordinary item that captivated bidders was the largest Kashmir sapphire ever brought to auction. Weighing an impressive 55.19 carats, this rare gem was part of the collection of the late Maureen Constance Guinness, a marchioness from the prestigious Anglo-Irish brewing family. Kashmir sapphires over 30 carats are incredibly rare, and the mining of these gems in Kashmir only lasted from 1882 to 1887, adding to their exclusivity and desirability in the market.
The allure of Kashmir sapphires lies in their breathtaking cornflower blue hue and velvety texture, as well as their ability to maintain their luster under any lighting conditions. Alongside the 55.19 carat sapphire, a cushion-shaped Kashmir sapphire weighing 25.97 carats was also sold. This extraordinary piece was acquired by the esteemed British jeweler Graff.
Among the other notable items at the auction was a pendant adorned with a remarkable 104.40 carat pear emerald, crafted by the renowned jeweler Harry Winston, which sold for an impressive $2 million. Emeralds are known for their fragility, making the weight of this particular emerald exceptional. Additionally, a sapphire and diamond necklace, also by Winston, featuring a detachable pendant adorned with a magnificent 111.73-carat cushion-shaped sapphire from Sri Lanka, fetched an astounding $4.7 million.
This auction’s tremendous success underscores the enduring allure and demand for rare and exquisite jewelry. While the royal tiara and the Kashmir sapphire have found new homes, their beauty and historical significance will continue to captivate admirers for generations to come.
For more information about royal jewels, click here.
To learn more about the history and significance of Kashmir sapphires, visit this link.
