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Swedish queen's pearls in $95-million auction

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Graff ruby and diamond ring sold for $8.6 million. Photo: Sotheby's
09:16 CET+01:00
A pearl necklace that belonged to Josephine de Beauharnais, a 19th-century queen of Sweden, sold at auction in Geneva on Wednesday for $3.42 million — more than twice its appraised value.

It was one lot in a sale of high-end jewellery organized by auction house Sotheby's that raised a total of $95 million.
   
Josephine, who was queen consort of Sweden and Norway from 1844 to 1859, bore the same name as her illustrious grandmother, Josephine de Beauharnais (1763-1814) — the first wife of Napoleon Bonaparte.
   
The necklace, which includes seven pear-shaped pearls, had an estimated value of between $800,000 and $1.5 million.
   
Wednesday's sale also included several pieces from the collection of Greek financier Dimitri Mavrommatis with an estimated combined value of $20 million, which sold for $27.8 million.
   
The star of the collection was an 8.62-carat Burmese ruby set in a ring known as the Graff Ruby, acquired by London jeweller Laurence Graff in 2006 for $3.6 million.
   
Graff sold it to Mavrommatis for an undisclosed sum, and it garnered $8.6 million on Wednesday.

A rare sapphire and diamond ring from the collection sold for $6 million.

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