Upcoming B2B Gems & Jewellery Exhibition- 19th - 20th - 21st January 2019. Bangalore.

Maples-Trump ring sells for $300K

2016-07-02


The 7.45-carat Harry Winston diamond engagement ring that GOP presidential hopeful Donald Trump gave to Marla Maples in 1991 sold recently for $300,000 at the Joseph DuMouchelle auction house. Held at the Lotte Palace Hotel in New York City, the auction lasted for about six hours and attracted thousands of bidders worldwide.

DuMouchelle said the buyer was not present at the auction, but instead put in the winning bid by telephone. “It sold right where we thought it would,” DuMouchelle said. “It was a great auction ... we originally thought the ring might sell for less, so we were pleased with the sale.”

As for the buyer, DuMouchelle said the person purchased the rare diamond ring for personal use. And no, he does not know if the buyer is a Republican or a Democrat. “We never ask,” he said. “We know they loved the ring, the clarity of the stone and that it was designed by Harry Winston. But we don’t know whether or not the ring’s provenance played a part in the sale. Obviously, it didn’t detract.”

DuMouchelle auctioned the ring in 2000 for $110,000 following the divorce between Trump and Maples. The same buyer who purchased the ring 16 years ago decided to sell it. The ring was auctioned alongside other estate pieces from Verdura, Cartier, David Webb and Tiffany & Co. DuMouchelle said holding the auction at the luxurious Lotte Palace Hotel in midtown Manhattan made for a memorable experience.