A Rare 15-Carat Yellow Diamond Ring Could Fetch $1.2 Million at Auction This Spring

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A Rare 15-Carat Yellow Diamond Ring Could Fetch $1.2 Million at Auction This Spring
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The fancy vivid stone, which is set on top of a blingy ring, will go under the gavel at Phillips on March 28.

and are thus in high demand. The spring sale will include some of the finest Burmese rubies, Colombian emeralds, red spinels, and Paraiba tourmalines, according to Phillips. Vintage signed pieces by names like Van Cleef & Arpels,, and Bulgari will also be up for grabs. The star of the show, however, is a 15.51-carat fancy vivid yellow diamond .

Positioned between two white diamonds on top of a ring, the mesmerizing stone has a round brilliant-cut style that is uncommon with colored diamonds due to the high waste of raw materials it causes. As such, this particular piece is considered extremely rare. So much so that it is estimated to hammer down for between $950,000 to $1.25 million at the auction.The sale will spotlight two other colored gems that are set on rings, too, including a 1.38-carat fancy vivid purplish pink diamond and a 2.

Other brightly hued highlights of the auction include a breathtaking bracelet adorned with 24.59 carats of Burmese rubies and diamonds and a pair ofearrings featuring 10.05 carats of Colombian emeralds . In addition, a striking Mozambican Paraiba Tourmaline and a luxe 10.32-carat Burmese Res Spinel will go under the gavel.

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