A 19.88 carats cushion-shaped sapphire from Kashmir called "The star of Kashmir" has fetched a record high of US$ 3.5 million, after being sold for the highest per carat price of a sapphire in Geneva.
The "Star of Kashmir" was estimated to fetch between US$ 2,525,361 and US$3,051,478, before it broke all records in terms of price.
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According to the Swiss Gemmological Institute and auction house Christie’s, the sapphire’s origins belong in Kashmir, India.
"A natural Kashmir sapphire of this size and purity is extremely rare and thus, the described gemstone with its combination of outstanding characteristics is a very exceptional treasure," Christies said.
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