Heritage's Spring Jewelry Auction Hits Record $9.7M Led by Kashmir Sapphire Ring
Heritage Auctions achieved its highest-grossing jewelry auction ever on May 4, 2025, with the Spring Fine Jewelry Signature Auction totaling $9,713,640. The previous record of $9.2 million was set just seven months earlier in September 2025. The top lot was a platinum ring featuring a 6.59-carat octagonal-shaped Kashmir sapphire, which sold for $906,250—more than $300,000 above its high pre-auction estimate. Jill Burgum, Heritage's Executive Director of Fine Jewelry, noted strong bidding across all levels, not just for headline pieces. The auction underscores sustained demand for rare, high-quality jewels.
Key facts
- Heritage's Spring Fine Jewelry Signature Auction grossed $9,713,640 on May 4, 2025.
- This is the highest-grossing jewelry auction in Heritage's history.
- The previous record was $9.2 million in September 2025.
- A 6.59-carat Kashmir sapphire ring sold for $906,250.
- The ring exceeded its high estimate by over $300,000.
- Jill Burgum is Heritage's Executive Director of Fine Jewelry.
- Bidding was strong across all price levels.
- The auction reflects robust demand for rare jewels.
Entities
Institutions
- Heritage Auctions