Rare Salt-water Pearl Necklace Sells For Rs 6.24 Crore at Mumbai Auction House

by time news
One of the rarest pearl necklaces at a recent online auction at Mumbai’s AstaGuru auction house has been auctioned off for around Rs 6.24 crore.

The jewelry is part of AstaGuru’s Legacy Jewelry Silver & Timepieces’ collection. And it is made of the most valuable natural pearls. This necklace is very castellated and contains natural salt water pearls in two different shades. It consists of three rows of pearls, which are attached to faceted crystal discs. The rarity of pearls and their demand in the market greatly enhance their value. In general, the value of a pearl depends on its shape, luster, type, color, surface quality and size.

Meanwhile, the highlight of the auction was the three-strand natural pearl necklace priced at Rs. The auction has gone for Rs 6.24 crore. This huge amount is almost 35% of the total Rs 19.92 crore received in the two-day auction. This necklace is attached to the SSEF certificate. Jay Sagar, a jewelry expert at AstaGuru auction house, says the auction results confirm that collectors are always looking for such opportunities to somehow get the very rare vintage jewelry available.

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Apart from the fact that its stunning design is rare, the size of the jewelry also contributes to its peak value. This necklace is said to be very rare due to its size. According to the auction house, the natural pearl weighs 2485.73 chau / 181 pcs, while the attached diamond weighs approximately 5.70 / 37 pcs. Treasured rare natural pearls range in size from 5.25 mm to 15.60 mm in diameter.

In addition to natural pearls, Burmese gems, Zambian emeralds and high quality diamond jewelry were also put up for online auction. Apart from this another elegant pearl necklace was sold at AstaGuru auction house for Rs 1.48 crore. Weighing in at 619.50 chau / 448 pcs, the jewelry features five rows of elegant natural pearls. It also has Arts Deco terminals set in gold with diamonds (along with diamond and diamond grip).

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