Billionairess holds Charity Auction

AuctionLily 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.” Pear Diamond

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.

For those looking to build their own fine jewelry collection, visit Secret Sapphire in Vancouver for semi-precious stones, diamonds, and fine metal jewelry.