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.
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.