Did you ever wonder what some of the most expensive jewelry items and gemstone sold this year were? This list contains the top 7 pieces auctioned this year at Sotheby’s. Sotheby’s employees came up with some of these slightly weird product names, in case you’re wondering.

7. EXCEPTIONAL AND RARE DIAMOND RING - $4,059,000

most-expensive-jewelry-7 Price: 3,834,500 CHF (~ USD 4,059,000) Location: Geneva, Switzerland This stunning diamond ring was sold on May 15, 2012 in Geneva for about $4,059,000. The ring is set with an oval step-cut diamond weighting 36.43 carats (size 52). [Source]

6. IMPORTANT AND VERY FINE UNMOUNTED BRILLIANT-CUT DIAMOND - $4,131,000

Price: 32,020,000 HKD (~ USD 4,131,000) Location: Hong Kong This unmounted brilliant-cut diamond was sold in Hong Kong on October 9, 2012 for about $4,131,000. It weights 20.22 carats. [Source]

5. HIGHLY IMPORTANT DIAMOND NECKLACE - $4,889,000

Price: 4,618,500 CHF (~ USD 4,889,000) Location: Geneva, Switzerland This V-shaped necklace was sold in Geneva on May 15, 2012 for about $4,889,000. Its biggest diamond is pear-shaped and weights 41.4 carats. [Source]

4. SUPERB DIAMOND NECKLACE - $5,143,000

Price: 39,860,000 HKD (~ USD 5,143,000) Location: Hong Kong This necklace was sold in Hong Kong on October 9, 2012 for about $5,143,000. It is composed of 36 brilliant-cut diamonds ranging from 1.25 to 6.19 carats. All diamonds combined weigh 88.88 carats. [Source]

3. IMPORTANT AND RARE FANCY INTENSE PURPLE-PINK DIAMOND AND RUBY RING - $5,422,000

Price: 5,122,500 CHF (~ USD 5,422,000) Location: Geneva This ring, which was sold in Geneva on May 15, 2012 for approximately USD 5,422,000, features a purple-pink brilliant-cut diamond weighing 3.71 and a set of marquise-shaped rubies. [Source]

2. THE BEAU SANCY - $9,572,000

Price: 9,042,500 CHF (~ USD 9,572,000) Location: Geneva This pear double rose-cut diamond weighting 34.98 carats was sold in Geneva on May 15, 2012 for about $9,572,000 [Source]

1. HIGHLY IMPORTANT AND VERY RARE FANCY VIVID BLUE DIAMOND AND DIAMOND RING - $12,800,000

Price: 99,220,000 HKD (~ USD 12,800,000) Location: Hong Kong This year’s most expensive piece of jewelry sold by Sotheby’s was sold for a whopping $12,800,000 in Hong Kong on April 3, 2012. A square emerald-cut blue diamond weighing 8.01 carats centers the ring. Each side is flanked by one smaller diamond that each weight about 0.5 carat. The ring is made out of platinum. [Source] ### What do you think? Do you feel like some of these gemstones or pieces of jewelery are overprized? What's your favorite?