Sotheby's in New York City auctioned off Tuesday a total of $44.3 million dollars in sales at its Magnificent Jewels auction.
The big record breaker was a stunning 28.18 carat sapphire-and-diamond ring that sold for $5 million dollars. If you break down the numbers, that is $180,731 per carat, making it a world record for price per carat of a sapphire.
The top seller of the evening was a 15-carat orangy pink diamond and diamond ring that sold for $6.1 million dollars.
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Other highlights include a 36-carat emerald-and-diamond ring that sold for $2.1 million dollars.
Now, all eyes are on the upcoming Spring Art Auctions that will take place over the next in two weeks.
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Among some of the top estimates for paintings that will go under the gavel are Gerhard Richter's "Blau," which is estimated to sell for between $25 million and $35 million, and the "Six Self Portrait" by Andy Warhol, which could reach $35 million dollars.
—By CNBC's Amanda Weindel.