Bonhams of London, sent the jewelry world a buzz with its historic selling price of $1,464,662 (including premium) for the Hope Spinel

Hope SPinel with Note
At $30,000 per carat, the Hope Spinel set a new record price per carat for a spinel previously set in 2013 at $16,000 per carat.

The last time the historic stone was sold at auction it went for £1,060, or £80,000 ($122,140) in today’s money. The latest buyer remains private.

According to Bonhams site, “Bidding came from round the world via 18 telephone lines, online as well as bidders in Bonhams London New Bond Street saleroom. Something exciting to experience. Such a treasure The Hope Spinel was part of one of the world’s greatest gem collections until its owner – London banker Henry Philip Hope – died in 1839. Set in a 19th century silver and gold brooch, the huge 50.13 carats octagonal-cut stone is the size of a small plum and of similar coloring with a splendid rose hue.”

A true beauty from mother nature.

KLH