Lily Safra Jewelry Collection Sold
Auctions such as "Jewels for Hope: The Collection of Mrs. Lily Safra", which was held on May 14th at Christie's in Genevea, do not come along often. The extremely generous philanthropist Lily Safra, wife of the late Edmond J. Safra who died in a fire in Monaco in 1999, donated a large collection of her personal jewlery in order to help raise money for some very important causes. Not only was the auction a success, but it exceeded the expected $20 million by bringing in $38 million, which will be contributed to 32 honorable charities instead of the intended 20. The billionaire heiress's collection includes 70 pieces, 18 of which are exclusive jewels designed by jewlery fim JAR. The JAR collection sold for $11.4 million. Some amazing pieces were auctioned, such as the white and pink diamond Camellia flower bracelet, which was estimated at $500,000-700,000. However, the most expensive piece sold was the Chaumet 32-carat cushion-shaped Burmese ruby and diamond ring, which brought in total of $6.7 million instead of the anticipated $3 million to $5 million. It was bought by Dubai's Radwan Diamond and Jewelry Trading's Amer Radwan. Mrs. Safra was overjoyed with the phenomenal outcome.