The certified unheated Ceylon sapphire, weighing 48.38 carats, and set with diamond shoulders, is estimated at $500,000–800,000.
Picture courtesy of Bonhams
A Superb Diamond Ring centering a 12.40-carat round brilliant-cut diamond is estimated at $250,000-450,000.
And a Kashmir Sapphire and Diamond Ring set with a 5.39-carat certified unheated sapphire in a frame of diamonds is estimated at $275,000-375,000.
Bonhams New York Head of Jewels, Caroline Morrissey, said: “Sapphires are one of the most highly sought-after stones on the market, and once again Bonhams is pleased to present an exceptional stone. This 48-carat example has wonderful proportions and amazing large vertical facets. The emerald cut brings out the beautiful soft blue color and the Bulgari setting is elegant and fabulous. It is everything you want in an important stone.”
Bonhams New York has a strong track record with sapphires: a Superb Kashmir Sapphire and Diamond Brooch, circa 1910, with the sapphire weighing 17.21 carats, sold in the December 7, 2020, New York Jewels sale, surpassing its estimate of $500,000–$800,000 to fetch $1,110,312.
Additionally, an unmounted Kashmir Sapphire of 9.23 carats in the July 28, 2020, New York Jewels sale achieved $1,244,075 against an initial estimate of $475,000–$775,000.