Sotheby’s to offer The Blue Lagoon, largest Paraiba tourmaline to come to auction

Author Marcus Baram

Marcus Baram is a contributing editor at Crain Currency, where he covers the intersection of finance and politics. Prior to joining Crain Currency, Baram was a staff writer at Fast Company and an editor at Huff Post. He has also written for outlets such as The New York Times, The Atlantic, and Vice. Baram is an expert on economic policy and has a deep understanding of the ways in which politics shapes the global financial system. In his role at Crain Currency, he brings a unique perspective to the complex and ever-evolving world of finance. With his keen analysis and clear writing, Baram helps readers make sense of the important issues impacting the economy today.

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Oct 20, 2023

1 year ago

This November, Sotheby’s will offer The Blue Lagoon, the largest top-quality Paraiba tourmaline ever to be offered at auction.

The 93.94-carat treasure is in a necklace that is estimated to fetch between $1.4 to $2.7 million when it goes to auction at Sotheby’s Maginificent Jewels sale in Geneva on November 8.

The highly-sought gemstones, with their unique electric blue hue, were first discovered in Brazil in the 1980’s, and often sell for higher prices than fine sapphires, rubies and emeralds.

Author Marcus Baram

Marcus Baram is a contributing editor at Crain Currency, where he covers the intersection of finance and politics. Prior to joining Crain Currency, Baram was a staff writer at Fast Company and an editor at Huff Post. He has also written for outlets such as The New York Times, The Atlantic, and Vice. Baram is an expert on economic policy and has a deep understanding of the ways in which politics shapes the global financial system. In his role at Crain Currency, he brings a unique perspective to the complex and ever-evolving world of finance. With his keen analysis and clear writing, Baram helps readers make sense of the important issues impacting the economy today.