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Cushion Cut Pink Sapphire & Diamond Ring. Photo courtesy M. S. Rau Antiques.

This enchanting 4.32-carat pink sapphire is encircled by .31 carats of white pavé diamonds and set in a platinum and 18K yellow gold mounting. The sapphire is certified by GemResearch Swisslab (GRS) to be Natural with no heat treatment. Price: $22,500

M. S. Rau Antiques. http://www.rauantiques.com/