Skip To Content
Breaking News

Auction of Safra Jewels Raise $38 Million for Charity

An auction of jewels belonging to billionaire Lily Safra raised nearly $38 million for charity.

The auction, “Jewels For Hope: The Collection of Mrs. Lily Safra,” was held Monday at Christie’s Geneva.

Proceeds from the auction were set to go to 32 charitable organizations through The Lily Safra Foundation. Among the organizations are: ALEH: Caring for Israel‟s Disabled; A Computer for Every Child, Israel; Edmond and Lily Safra Center for Brain Sciences, The Hebrew University of Jerusalem; Edmond and Lily Safra Children’s Hospital, Tel Hashomer, Israel; and the Israel Philharmonic Orchestra

A 32-carat Burmese ruby-and-diamond ring sold for $6.7 million, a world record for any ruby sold at auction, Forbes reported. In all 70 pieces of jewelry were sold.

Safra is the widow of Lebanese banker Edmond Safra, who died in 1999. She has a net worth of $1.2 billion, according to Forbes’s most recent listing of the world’s wealthiest individuals.


Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines. You must credit the Forward, retain our pixel and preserve our canonical link in Google search.  See our full guidelines for more information, and this guide for detail about canonical URLs.

To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at [email protected], subject line “republish,” with any questions or to let us know what stories you’re picking up.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.