Billionairess holds Charity Auction
Lily Safra, a Brazilian philanthropist and prominent social figure, has donated a considerable amount of her personal jewelry collection to be auctioned off by Christie’s Geneva on May 14th titled “Jewels for Hope: The Collection of Mrs. Lily Safra”. The auction was a whopping success, earning 37.9 million, which far exceeds the total pre-sale estimate by almost double. All of the proceeds in the auction are being donated to a total of 32 charitable organizations.
The top lot of the sale was a 32.08-carat cushion-shaped Burmese ruby and diamond ring, by Chaumet, which sold for US$6.7 million against an estimate of US$3-US$5 million, setting a new world record price for any ruby sold at auction. Formerly in the collection of Luz Mila Patiño, Countess du Boisrouvray, it has been renamed “The Hope Ruby.”
The second-highest-earning lot was a pair of pear-shaped, D, potentially IF type IIa diamonds of 19.43 and 19.16 carats, which sold for US$5.3 million to luxury jeweler Leviev. Rounding out the top three lots was a rectangular-cut, D, potentially IF diamond of 34.05 carats sold to Swiss luxury jeweler Chatila to US$5.1 million.
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