Now, they can fetch astounding prices at auction. On April 25, an 11.56 carat Kashmir sapphire and diamond ring sold at Sotheby’s in Hong Kong for HKD $6,350,000 (€721,514).

A 21.72-carat, cabochon Kashmir sapphire ring by Van Cleef & Arpels from 1917 sold for $1.7 million; and an Art Deco, 12.64-carat Kashmir sapphire-and-diamond brooch by Cartier realized $1.53 million.

A 25.87 carat sugarloaf cabochon sapphire with Kashmir origins set in a platinum and diamond ring sold for more than $5.1 million at Sotheby’s Magnificent Jewels sale in New York.

A sapphire and diamond ring fetched $1.35 million, including premium, at Bonhams New York’s Fine Jewelry auction Tuesday, setting a world-record for a Kashmir sapphire under 10 carats ($172,000 ...

Download The Mint News App to get Daily Market Updates. Business News Industry Kashmir sapphire ring fetches $7.3 million at auction More First Published: 14 May 2015, 09:07 AM IST ...

One of the most expensive rings to ever sell at a Birmingham auction fetched a total of £175,980. The magnificent Kashmir sapphire ring, boasting over 11.9cts sold at Fellows Auctioneers ...

GENEVA (AP) — A prize 35-carat sapphire from Kashmir has fetched $7.3 million, according to the auction house Christie’s.The sale, to a private anonymous Asian buyer, set a world record… ...

GENEVA (AP) - A prize 35-carat sapphire from Kashmir has fetched $7.3 million, according to the auction house Christie's.