Romanov Sapphire Bracelet Fetches $4.9 Million at Geneva Auction
· World · The Independent, Times of India
A 197.80-carat sapphire bracelet, once owned by the Russian imperial family, sold for $4.9 million at a Sotheby's auction in Geneva on Wednesday. The final price far exceeded the initial estimate of $1 million to $2 million. The cushion-shaped Ceylon sapphire is believed to have originated from the Mughal Empire before entering the Romanov collection in the 19th century. Dowager Empress Maria Feodorovna wore the piece at the 1903 Winter Palace Ball. Following the Russian Revolution, the gemstone was sold by the Soviet government before resurfacing at this auction.
Why it matters
The sale highlights the enduring value of historical imperial artifacts and the significant premium collectors are willing to pay for items with royal provenance.
Read the original report — The Independent
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