Disappointment as 27.35-Ct Diamond Ring Fails to Sell at Sotheby’s in New York

27/09/2016 08:13

A major diamond ring offered for sale by Sotheby’s at its September 22 Important Jewels auction in New York City failed to sell, reports JCK. The headline item, a 27.35-carat D color, VS2 diamond, had an estimate of $2 million–$2.5 million. Sotheby’s did not provide the top price offered for the item. The auction raised a total of $8.6 million.

It's likely that that the ring was beyond the reach, or desire, of bidders since most of the other big lots were sold. These included a Bulgari sapphire and diamond ring with a 24.72-carat diamond center stone which went for $706,000, and a platinum and diamond ring with a 10.1-carat stone fetched $634,000, the report added.