Sotheby’s To Auction 94-Carat Paraíba Tourmaline
The stone is expected to fetch up to $2.7 million.

The 93.94-carat gem named “The Blue Lagoon” is estimated to sell for 1.3 million-2.5 million CHF, or $1.4 million-$2.7 million.
The stone is a Cuprian tourmaline from Mozambique, which has emerged as not only the world's most productive country for the gemstone, but also as one of the leading sources for top-quality colored stones, according to Sotheby’s. This summer at Sotheby’s New York, a 55.22-carat ruby from the country sold for over $30 million.
Paraíba tourmalines, a variety of Cuprian tourmalines, get their name from the Paraíba region of Brazil where they were first discovered in the 1980s, but the term is now granted to greenish-blue specimens of vivid to deep saturation, regardless of the source.
The variety has become one of the most highly sought-after gemstones in the world, Sotheby’s said, often commanding prices surpassing those paid for fine sapphires, rubies, and emeralds.
Top quality Paraíba tourmalines display an extraordinary electric blue hue but are typically small and have a “significant degree” of internal imperfections.
“[The Blue Lagoon’s] impressive size, superlative clarity, and enchanting turquoise color—all achieved without the aid of heat treatment—recall the crystalline waters of a tropical paradise,” Sotheby’s said.
“The Blue Lagoon” is set in a bespoke high jewelry necklace by the 130-year-old European Maison Adler Joailliers, conceived and created exclusively for this stone. The piece features a waterfall of more than 76 carats of round, marquise- and pear-shaped diamonds.
The Paraíba tourmaline is accompanied by a Bellerophon report brochure and an SSEF report with an appendix attesting to its “exceptional” size and quality. The original sketch of the necklace design is also included.
The auction is part of Sotheby’s Luxury Week, a biannual seasonal series held in Hong Kong, New York and Geneva, offering lots across jewelry, watches, handbags, and accessories.
The Latest

The gemstone supplier and manufacturer acquired the remarkable 104-gram Zambian emerald at Gemfields’ auction in May.

Two suspects offered to trade the woman a “winning” lottery ticket for her jewelry.

Michel Patrick DeSalles was sentenced after pleading guilty to the 2017 murder of Omid Gholian, who owned a jewelry store in Manhattan.

Retailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.

Finsch has been in business rescue since May, and owner Petra Diamonds said it sees no viable path forward for the mine.


Longtime industry executive Beth Miller has taken on the role.

Jamie Cygielman will take on the role on Aug. 24.

Colored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.

Moore, Polly’s husband, is remembered as a family man with an easygoing spirit and a love for sports and the outdoors.

Duvall O’Steen and Jen Cullen Williams share the best ways to display, present, and explain colored gemstones to younger customers.

The mid-year conference for jewelry and watch appraisers will take place Sept. 5-6 on Zoom.

Honest Hands Ring Co. Founder Benjamin Bosworth shared his thoughts on jewelry technology and why AI can never replace the human element.

QVC Group President and CEO David Rawlinson is temporarily being replaced by a familiar face, former QVC CEO Mike George.

The brand also added two one-of-a-kind brown diamond pieces to the “Sanssouci” series of its “Gardens” collection.

Ostbye took home top vendor honors at the Independent Jewelers Organization’s show, held last month in Kentucky.

Sponsored by Stratus Estate Buyers

Cloud, who will officially join Blue Nile on Monday, spent 26 years at Tiffany & Co. and founded jewelry brand Roseate.

Garcia will take over from the company’s current CFO, Anders Boyer, who is retiring at the end of November.

Etsy CEO Kruti Patel Goyal explained why the company is letting go more than 200 employees as its performance improves.

The “Star Gazer” pendant, our Piece of the Week, is Syna’s tribute to curiosity and the discovery of something new.

Museum officials are looking to the public to help cover the “exceptional” costs involved in recovering from the July 5 smash-and-grab.

The overhaul includes enhanced employee safety training and trendy earring styles, including lab-grown diamond studs.

The retailer said it had its biggest Mother’s Day ever, with strong demand for higher-priced jewelry.

“Handwork: Handcrafted Objects that Made America” features historic and contemporary works, including a Diné squash blossom necklace.

The Armenian Jewelers Association’s East Coast chapter has also elected its 2026–2027 board of directors.

Onyx Partners has submitted a second offer to buy the department stores after its first offer fell through last year.

Solomon Brothers Jewelers has partnered with local cocktail bar Roaring Social on a new martini garnished with a tennis necklace.

























