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A bracelet containing a huge sapphire that used to be part of the Imperial Russian crown jewels has sold for almost $5 million, smashing its pre-auction estimate.

The cushion-shaped 197.80-carat Romanov sapphire is set in a geometric diamond bracelet by jeweler Cartier, according to a listing from auction house Sotheby’s, which sold the piece in Geneva, Switzerland, on Wednesday.

The sale price of 4.1 million Swiss Francs ($4.9 million) means the bracelet smashed its pre-auction estimate of 850,000 to 1.7 million Swiss francs ($1.02 million to $2.04 million).