Emerald-cut diamond ring sets new Aussie auction record

Auction house Leonard Joel claims to have set yet another Australian price record for a diamond ring.

The record-breaking sale of a 20.05-carat diamond ring for $1.625 million, including buyer’s premium (IBP) edged out a 25.02-carat ring also sold by Leonard Joel in April 2021 for $1.25 million.

The company celebrated 40 years of jewellery in 2021 and capped off this celebration with the record-breaking sale of the magnificent solitaire diamond ring on 7 December 2021 during the final auction of the year.

The record-breaking VVS2 diamond was shown at viewings in Melbourne and Sydney. The emerald-cut 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 and is said had fallen in love with the piece at the earlier viewing.

Following these two stones is a 9.67-carat diamond and Argyle fancy pink diamond ring that sold for $725,000 IBP and a 17.34-carat diamond ring that sold for $575,000 IBP. It concludes 2021 with jewellery sales totaling of $9,787,750.


Other record-BREAKING auctions

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Australia’s ‘most expensive’ diamond ring breaks auction record


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