The last of the season’s magnificent jewels sales took place this week at Christie’s Hong Kong, closing with strong results and a few surprises. Grossing nearly $92 million, the sale sold 81 percent of its lots and 73 percent were sold by value. While this week’s sale remained in the shadow of Christie’s Geneva sale earlier this month, which broke the world record for highest total ever for a jewelry auction along with setting five other new records, the Hong Kong sale set an additional two for the renowned auction house.
Setting a new world auction record for a pair of diamond pendant earrings, the sale’s top lot (est. $8,420,282 – $12,306,566) featured a pair of pear-shaped D color, flawless Type IIa diamond ear pendants of 25.49 and 25.31 carats and fetched $9,740,736, or $191,746 per carat. Other multi-million dollar earning jewels included:
- A 9.38-carat pear-shaped fancy intense pink diamond ring (est. $5,829,426 – $8,420,282) sold for $5,966,784, or $636,117 per carat.
- A superb jadeite bangle (est. $3,886,284 – $6,477,140) achieved a total of $5,241,024.
- Three out of the four unmounted D, flawless Type IIa brilliant-cut diamonds on offer sold for the following amounts:
- The diamond weighing 26.08 carats (est. $4,145,370 – $6,477,140) earned $4,950,720, or $189,828 per carat.
- The diamond weighing 26.20 carats (est. $4,145,370 – $6,477,140) fetched $4,950,720, or $188,958 per carat.
- The diamond weighing 23.76 carats (est. $3,951,055 – $6,477,140) achieved $4,732,992, or $199,200 per carat.
- A 28.88-carat Colombian emerald and diamond ring (est. $1,787,691 – $2,331,770) sold for $4,152,384, or $143,780 per carat.
- Setting a new world auction record price for an intense green diamond, a cushion-shaped fancy intense green, VS2 diamond ring of 6.13 cts fetched $3,644,352, or $594,510 per carat.
- A unique 5.08-carat D, flawless diamond ring, by JAR (est. $414,537 – $621,805) achieved $704,875.
Of course, the most surprising lot of the sale, the The Eye of Golconda, did not sell. The catalogue’s cover and headlining jewel, not to mention the highest estimated lot, a necklace featuring two important Golconda diamonds, weighing 40.05 and 6.76 carats respectively, and both graded by the GIA as D colour and internally flawless clarity, was estimated at $8,614,596 – $10,363,424. The larger of the two diamonds, the necklace’s centrepiece of imposing size, was the largest Golconda diamond ever available for auction in Asia.
Other multi-million dollar estimated lots that failed to sell include:
- An unmounted brilliant-cut diamond weighing 40.52 carats (est. $4,145,370 – $6,477,140) and graded F color, internally flawless Type IIa
- An important diamond pendent necklace (est. $2,202,228 – $3,238,570) featuring a heart-shaped D color, internally flawless Type IIa diamond weighing 15.87 carats that joined to the two strand neckchain interspersed with brilliant-cut diamond heart shape motif spacers.
- An important diamond necklace, by Harry Winston (est. $1,813,599 – $2,331,770) composed of graduated brilliant-cut diamonds.
Natural pearls also didn’t fair as well as they have in earlier auctions this spring, with a number of them failing to sell. Those jewels include:
- A superb three-strand natural pearl, emerald and diamond necklace (est. $2,331,770 – $3,627,198), composed of two hundred ninety two graduated round white and cream natural pearls measuring from 4.5 to 9.4 mm, joined to the cabochon emerald and brilliant-cut diamond clasp, mounted in platinum.
- A rare pair of natural pearl, colored diamond and diamond ear pendants, by Harry Winston (est. $842,028 – $1,230,657), each suspending a greyish brown natural pearl drop measuring approximately 11.3 – 11.9 x 18.2 and 12.0 x 16.9 mm, joined to the marquise and single-cut diamond cap and a line of brilliant-cut diamonds, surmounted by a marquise-cut fancy vivid yellow diamond weighing approximately 3.26 and 3.23 carats, mounted in platinum and 18k yellow gold.
- A five-strand natural pearl, amethyst and diamond necklace (est. $453,400 – $712,485), comprising five strands of round cream natural pearls measuring approximately 3.2 to 9.6 mm, joined to the clasp set with a rectangular-shaped amethyst within a cushion-shaped diamond foliate surround, mounted in white and yellow gold.
Of the handful of jewels by Wallace Chan, only one piece – a pair of star ruby, pink sapphire, diamond and ruby earrings (est. $64,771 – $103,634), sold during the sale, earning a total of $80,983. Another contemporary jewel highlight, a colored diamond, diamond, coral and cultured pearl ring, by Taffin (est. $362,720 – $492,263) also did not sell.