18 May '11, 12am

The world's most valuable tiara fetched 11.28 million Swiss francs, or S$16 million, at an auction

The world's most valuable tiara fetched 11.28 million Swiss francs, or S$16 million, at an auction

A dazzling tiara featuring emeralds believed to have belonged to Eugenie, wife of Napoleon III, sold for a record 11.28 million Swiss francs (US$12.76 million, S$16 million) to an anonymous buyer on Tuesday at Sotheby's. --PHOTO: AFP GENEVA - A DAZZLING tiara featuring emeralds believed to have belonged to Eugenie, wife of Napoleon III, sold for a record 11.28 million Swiss francs (US$12.76 million, S$16 million) to an anonymous buyer on Tuesday at Sotheby's. The diamond and emerald tiara, which German prince Guido Henckel von Donnersmarck's commissioned for his second wife Katharina, was estimated to fetch US$5 million-US$10 million. It was top lot at a sale that netted 78.9 million Swiss francs, third highest for a jewellery sale, the auction house said. 'It is needless to say a world record price at auction for a tiara,' said Mr David Bennett, chairman of Sotheby's Euro...

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