Australia’s Leonard Joel will host an Important Jewels auction on 16 August, headlined by a dazzling 21.13-carat diamond ring.
Based in Sydney, Leonard Joel hosts three auctions each year. At this upcoming event, a cut-cornered square modified brilliant-cut, K-color, SI2-clarity diamond ring is one of a number of intriguing pieces that will feature. The ring is expected to fetch up to $AU900,000.
Also on offer will be a cushion modified brilliant-cut, 11-carat, I-color, VVS2-clarity diamond ring. That ring is estimated to sell for $AU700,000.
Another item of note is a ring a cushion-shaped, 5.29-carat, pigeon’s blood Burmese ruby with a frame of 10 brilliant-cut diamonds totaling 2.5 carats. That ring has an upper estimate of $AU900,000.
According to organisers the auction is expected to generate as much as $AU8.6 million in sales.
Leonard Joel will preview the pieces in Melbourne and Sydney ahead of the auction.
Last year, the company auctioned an emerald-cut, 20-carat, H-color, VVS2-clarity diamond ring for $AU 1.6 million – the most expensive diamond sold at auction in Australian history.
Emerald-cut diamond ring sets new Aussie auction record
Argyle pink diamond breaks Australian record
Burmese rubies, diamonds steal the show in Hong Kong
Diamond renamed ‘Juno’ after fetching nearly $13 million
Another pre-auction estimate exceeded by spectacular diamond
Colour diamonds shine at Christie’s; pink diamond fetches $6.7 million