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'Baroda Pearls' Fetch 7 Million!
New York—Christie's auction house has received a record price for the Baroda Pearls, a two-strand natural-pearl necklace with matching earrings, brooch and ring.
Baroda Pearls
The set sold for $7.096 million to a private Asian buyer.
The necklace features 68 of the finest and largest pearls from the seven-strand natural-pearl necklace that once formed the cornerstone of the Royal Treasury of the Maharaja of Baroda.
The pearls sold during the "Magnificent Jewels" auction held on April 25, which netted more than $39 million with 90 percent of the lots selling.
The sale also set a record for the highest per-carat price ever paid for a sapphire, when a cushion-cut, 22.66-carat Kashmir sapphire sold to an anonymous buyer for $3.064 million.
"This auction marks a turning point in the jewelry world where original designs, rarity and provenance prove to be just as important as the quality of the gem," Christie's Head of Jewelry Rahul Kadaki said in a statement.
Source: National Jeweler
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