The Tamesis
Art enthusiast Rachel Lambert “Rabbit” Mellon’s blue ruby necklace, called the Mellon Blue, cost $25.5 million at Christie’s Magnificent Jewels Public auction at the 4 Seasons Resort des Bergues in Geneva on Tuesday.
Today’s rate is 22% less than what the ruby cost 11 years earlier. Changed for rising cost of living, its worth dropped by almost 60%.
This 9.51 carat weight expensive dazzling blue, inside excellent pear-shaped ruby, which Christie’s offered a pre-sale price quote of US$ 20-30 million, was last auctioned in 2014 as component of the Sotheby’s Mellon Collection sale, where it cost US$ 32.6 million, greater than increase its high price quote of US$ 15 million. ($ 32.6 million in 2025 is around $44.7 million, changed for rising cost of living.).
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Rahul Kadakia, Head of state of Christie’s Asia Pacific and Chairman of the International High-end Team, claimed in a declaration after the sale: “It is a fantastic honor to use this charming Mellon Blue Ruby to auction at Christie’s in Geneva. This is an additional notable minute for Christie’s High-end, a testimony to enthusiasts’ elite hunger for amazing and famous gems.”
according to a record New York City times At public auction, the necklace was offered to an “unknown Hong Kong enthusiast,” establishing a globe public auction document for a blue ruby and the rate per carat weight for any type of ruby.
Ever since, the globe public auction document for blue rubies has actually been damaged. In 2016, Christie’s offered a 14.62-carat Oppenheimer blue ruby for $57.5 million. In 2022, Sotheby’s likewise made $57.5 million when it offered the 15.10-carat De Beers Cullinan Blue Ruby.
Mellon, that passed away in 2014 at the age of 103, was the successor to the Listerine lot of money. Her 2nd hubby, Paul Mellon, was the successor to Mellon’s financial and oil lot of money. At the 2014 Sotheby’s art collection public auction, 2 Rothko paints got on screen– Untitled (yellow, orange, yellow, light orange) beginning in 1955, and Untitled from 1970 – with an overall price of $76 million.
Kadakia informed us last September, when the brand-new sales were revealed communities and towns“, “Rabbit Mellon, a tastemaker recognized for making the White Residence Rose Yard and curating extraordinary art and fashion jewelry, raised Mellon Blue’s allure by connecting it with her innovative visual and social standing. “.
Julie Brener Davich in” puck September’s “Wall surface Power” e-newsletter: “Blue rubies are very uncommon, making up much less than 0.1% of all rubies. Blue rubies make up much less than 1%. Those ones It can be categorized as dream and dazzling.” (For those of you reviewing this that read or have actually reviewed Thomas Pynchon’s brand-new book, this might be a little team, darkness ticket you could identify Fancy Vivid as the name of a small personality with a “spectacular platinum mixed drink bob.” )
Sales are actually going solid today. Early in the sale, the salesclerk asked coworkers at Christie’s to open up the home windows to cool down the air in the public auction space.
Improvement, November 11, 2025: An earlier variation of this post misstated the market price of the “Mellon Blue” ruby. It sets you back $25. million bucks, not $27.7 million.
