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Piece of the Week: December 10, 2012

December 10, 2012

FROM THE ARCHIVES

More than a $1,000,000 a carat!

Evelyn Lauder was known for her passion for finding a cure for breast cancer, as well as for her great style and exquisite taste.

Last week at Sotheby’s, one of Mrs. Lauder’s prized possessions, an Oscar Heyman Magnificent Platinum, Fancy Intense Pink Diamond and Diamond Ring sold for $8.6 million, the top lot in a sale of Jewelry from the Collection of Evelyn H. Lauder that raised $22.2 million for The Breast Cancer Research Foundation.

The ring was made in April 2000 for Mrs. Lauder by Oscar Heyman craftsmen and features an internally flawless oval-shaped, natural color fancy intense pink diamond weighing approximately 6.54 carats, flanked by two half moon-shaped diamonds weighing 2.21 carats.

With fierce bidding in the saleroom from at least six eager collectors vying for the ring, it finally sold for nearly double its high estimate of $5 million to Laurence Graff. The price is more than $1.3 million a carat.