At Christies upcoming auction (Oct 21, 2009), an extraordinarily large 32 carat D Color flawless diamond ring will be up for sale.
The ring is estimated to sell from $3 million to $5 million.
According to Christies, Mrs. Leonore Annenberg bought the diamond as a present for herself for her 90th birthday in 2007. The diamond was made by David Webb and has an Asscher Cut center stone. Over the years, the Annenberg Foundation has donated billions to an eclectic set of cultural, medical, and educational causes. These have included a living sculpture in the form of a 32-acre field of corn, titled “Not a Corn Field”, a 2,500 square foot “universally accessible” tree house, heart disease research, a foundation for space photography and the restoration of a public beach house.
The ring is beautiful, but the David Webb brooch which is on sale at the auction for an an expected price of $15,000-$20,000 is magnificent.
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