The Paraiba Tourmaline ring from Austrian jeweler Schullin to be auctioned off by Sotheby’s
(Picture: Sotheby’s/DNA)Storied auction house Sotheby’s will auction a rare diamond-studded ring and guarantee its authenticity through an NFT, as luxury brands look to blockchain tech to help tackle the scourge of counterfeiting.
The auctioneer will put up for sale a rare ring from Austrian jeweller Schullin, a handmade platinum piece featuring a 49,88 carat Paraiba Tourmaline gemstone and 60 diamonds, estimated to be worth between £140,000 to £180,000. The ring will be auctioned on November 9.
