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BVLGARI: SAPPHIRE RING Set with a cabochon sapphire weighing 11.70 carats, on a fluted gold setting, signed BVLGARI, with a French import hallmark for 18-karat gold (750 ‰), ring size 51, gross weight 15.5 g. Accompanied by a report from the Bellerophon Laboratory indicating the sapphire’s origin in Madagascar and the absence of any treatment. Report No. A20477 dated September 28, 2026. BVLGARI: SAPPHIRE RING Set with a cabochon sapphire weighing 11.70 carats, on a fluted gold setting, signed BVLGARI, French import hallmark for 18-karat gold, ring size approx. L, gross weight 15.5 grams. Accompanied by a report from Bellerophon stating the origin as Madagascar and indicating that this sapphire has not been treated. Report No. A20477, dated September 28, 2026. For further information on this lot, please visit Bonhams.com