Christie's

Results for Christie’s Hong Kong Magnificent Jewels

Kung Collection Auction Scene

Prices soared at Christie’s Hong Kong as its Magnificent Jewels sale established a new record for the most valuable jewelry auction ever held in Asia. A total of 25 lots sold for more than $1 million, helping to bring the overall sale total to $117.9 million. Of the 314 lots offered, 281 sold and 88.4% sold by value. What’s more, three additional records were set in the sale, including a record price for a ruby necklace, price for a single jadeite cabochon, and price per carat for a sapphire.

Auction Scene

The star of the sale was a Burmese ruby and diamond necklace, by Etcetera. Purchased by an Asian private customer, the spectacular jewel featured 120 carats of pigeon’s blood Burmese rubies and brought in $13 million, which set a new world auction record for a ruby necklace. The final hammer price was $1.5 million above the high estimate.

Ruby Necklace

A MAGNIFICENT RUBY AND DIAMOND NECKLACE, BY ETCETERA Designed as an articulated brilliant-cut diamond lattice-work band, centering on a line of graduated pear-shaped diamonds, thirteen pear-shaped diamonds weighing approximately 5.14 to 1.00 carats, framed by two rows of oval and cushion-shaped rubies weighing approximately 7.02 to 1.10 carats, to the brilliant-cut diamond link backchain accented with a pear-shaped diamond, mounted in 18k white gold

The second highest earning lot was a 9.07-carat Fancy Intense pink diamond, graded Internally Flawless Type IIa, mounted into a ring by Harry Winston. A beauty that made several bidders blush, the rectangular-shaped stone fetched $12.6 million, or $1,394,021 per carat.

Pink Diamond Ring

A SUPERB COLOURED DIAMOND AND DIAMOND RING Set with a rectangular-shaped fancy intense pink diamond weighing approximately 9.07 carats, flanked by triangular-shaped diamonds, mounted in platinum and 18k rose gold, ring size 5¼

Setting a new world auction record price for a single jadeite cabochon, a highly important jadeite, ruby and diamond pendant necklace realized a total of $5.7 million.

A HIGHLY IMPORTANT JADEITE, RUBY AND DIAMOND PENDANT NECKLACE  Suspending a thick high-domed jadeite cabochon of vivid emerald green colour and high translucency, surmounted by a cabochon ruby and a brilliant-cut diamond spacer, to the length adjustable black cord, mounted in 18k white gold

A HIGHLY IMPORTANT JADEITE, RUBY AND DIAMOND PENDANT NECKLACE Suspending a thick high-domed jadeite cabochon of vivid emerald green colour and high translucency, surmounted by a cabochon ruby and a brilliant-cut diamond spacer, to the length adjustable black cord, mounted in 18k white gold

Kashmir sapphires continue to highly sought after and this sale offered a 10.33-carat specimen that set a new world auction record price per carat for a sapphire. The circular-cut Kashmir stone sold for $2.5 million, or $240,381 per carat.

AN EXTREMELY RARE SAPPHIRE AND DIAMOND RING  Set with a circular-cut sapphire weighing approximately 10.33 carats, within a brilliant-cut diamond two-tiered surround, extending to the quarter-hoop, mounted in 18k gold

AN EXTREMELY RARE SAPPHIRE AND DIAMOND RING
Set with a circular-cut sapphire weighing approximately 10.33 carats, within a brilliant-cut diamond two-tiered surround, extending to the quarter-hoop, mounted in 18k gold

Additional sale highlights include:

 

 

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