Australian Leonard Joel will hold an Important Jewels auction on August 16, featuring a dazzling 21.13 carat diamond ring.
Based in Sydney, Leonard Joel organizes three auctions each year. At this upcoming event, a modified K-color, K-color, SI2 clarity diamond ring in the shape of a square with cut corners is one of the many intriguing pieces that will be showcased. The ring is expected to fetch up to AU$900,000.
A brilliant cut diamond ring, 11 carats, color I and clarity VVS2 will also be offered. This ring is estimated at 700,000 Australian dollars.
Another item of note is a 5.29-carat cushion-shaped Burmese pigeon’s blood ruby ring with a setting of 10 brilliant-cut diamonds totaling 2.5 carats. This ring has an upper estimate of AU$900,000.
Organizers say the auction is expected to generate up to A$8.6 million in sales.
Leonard Joel will preview the pieces in Melbourne and Sydney ahead of the auction.
Last year the company auctioned a 20-carat emerald-cut, H-coloured, VVS2-clarity diamond ring for A$1.6 million – the most expensive diamond sold at auction in Australian history .
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