Thursday, 21 April 2016

Shirley Temple’s Diamond fails to sell at Sotheby’s

Sotheby’s auction of a 9.54-carat fancy deep blue diamond ring that once belonged to Shirley Temple failed to meet its reserve.

The star’s father purchased the stone to mark her 12th birthday in 1940, the same year that she starred in the film “The Blue Bird.” At the time, George Francis Temple paid just $7,210 (approximately $122,000 with current inflation) for the diamond.

The ring was expected to command between $25 million and $35 million, but bidding stalled at $ 22m.
Top lot at the April 19th sale was a cushion brilliant-cut fancy purplish pink diamond ring weighing 12.45 carats, which fetched $4.6 million, within its pre-sale estimate of $3 million to $5 million.

The second top lot was an emerald-cut diamond ring of 19.25 carats, which slightly beat its top estimate to bring $2.3 million.