52-carat diamond ring for sale in Geneva

52-carat diamond ring for sale in Geneva

Geneva, Switzerland (GenevaLunch) – An auction sale in Geneva is expected to draw collectors from all over the world interested in purchasing rare diamonds, emeralds, and watches made for kings.

One of the most impressive pieces that will be auctioned off at Sotheby’s in Geneva is a 52.82 carat emerald-cut diamond ring estimated on $7 million.

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Geneva, Switzerland (GenevaLunch) – Sotheby’s November auction of fine jewels, which in 2007 set price records, failed to raise bids to a level where it could sell the three highest priced items Wednesday night in Geneva. David Bennett, chairman of jewelry for Europe and the Middle East at the auction house said “Tonight’s sale was assembled in the wake of our near-all-time record Geneva jewels sale [May 2008] and most of the property was consigned and valued prior to the turmoil in the financial markets.

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