LOVE AT FIRST SIGHT: RECORD BREAKING 20.05 CARAT DIAMOND RING SELLS FOR AU$1,625,000 IBP OR US$1,175,566 AT LEONARD JOEL

In 2021, Leonard Joel celebrated 40 years of Jewellery, and during the final major auction of the year, capped off this celebration with the record-breaking sale of a 20.05 carat diamond ring for AU$1,625,000 IBP or US$1,175,566.

The sale of the magnificent solitaire diamond ring on 7 December 2021, at Leonard Joel’s Important Jewels Auction in Sydney, makes it the most expensive diamond ever sold at auction in Australia, breaking Leonard Joel’s previous record set in April 2021 when a spectacular 25.02 carat diamond sold for AU$1,125,000 IBP or US$813,853.

The ring was greatly admired at the viewings in Melbourne and Sydney for its classically elegant design, mesmerizing sparkle, and the great proportions of the diamond. The impressive emeraldcut 20.05 carat stone is claw-set above a gallery pavé- set with brilliant-cut diamonds, flanked by trapezoid diamonds, mounted in platinum.

It was sold to a local buyer who bid in the room, after they had fallen in love with the piece at the viewing earlier the same day.

Leonard Joel now holds the records for the four most expensive diamonds ever sold at auction in the country. Following these two magnificent stones that sold for AU$1,625,000 IBP or US$1,175,566 and AU$1,125,000 IBP or US$813,853, is a 9.67 carat diamond and Argyle fancy pink diamond ring that sold for AU$725,000 IBP or US$377,794 and a 17.34 carat diamond ring that sold for AU$575,000 IBP or US$415,969. It concludes an impressive year, with Important Jewels hammering AU$9,787,750 IBP or US$7,080,703 in 2021.