1. ITV Report

Diamond ring sets record in £1.3M sale

A diamond ring has sold for £1,307,600 at auction in Birmingham.

The 43.59 carat ring was expected to fetch between £900,000 and £1.4 million at Fellows Auctioneers.

Created by Graff Diamonds, it features a Fancy Yellow radiant-cut VS2 diamond set between two white tapered diamond shoulders at 1.62 carats in total.

A spokesperson for the auction house, Alexandra Whittaker said:

We are delighted with this result.

It was a privilege to sell such an important jewel here in Birmingham’s historic and world renowned Jewellery Quarter.

– Fellows Auctioneers, Spokesperson

It is the most expensive item to sell at the Birmingham auction house in its 141 year history.