Sotheby's Hong Kong Jewellery Autumn sales total US$55 million

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Sotheby's Hong Kong Jewellery Autumn sales total US$55 million
A 6.41 carat unheated Burmese ‘Pigeon’s Blood’ ruby and diamond ring, designed and mounted by FORMS, achieves HK$21,955,000 / US$2,832,903. Courtesy Sotheby's.

HONG KONG.- Two days after the landmark sale of the 102.39 carat D Colour Flawless Oval Diamond which sold for HK$121.6m / US$15.7m, Sotheby’s Magnificent Jewels auction tonight sold further exceptional gemstones, led by ‘Imperial Green’ Jadeite Bead and Diamond Necklace, bringing this season’s jewellery sale total to HK$426 million / US$55 million.

Wenhao Yu, Deputy Chairman, Jewellery, Sotheby's Asia, commented: “We are encouraged by this season’s jewellery auction results. Travel restrictions were no impediment to this October sale, with two-thirds of our buyers participating from outside Hong Kong, a result that is testament to our digital platform and outreach. Collectors’ taste in the region remains selective, with eyes focusing on rare, top-quality investment grade jewellery – whether diamonds, gemstones or jadeite – and pieces with a strong design appeal, whether antique, period, contemporary or signed. The other star of the show, besides the world-class diamond, was the imperial green jadeite necklace, continuing the success we saw in July for jadeite pieces of the highest calibre.”

Result Highlights:

‘Imperial Green’ Jadeite

• Top lot: (Lot 1662) An Extremely Rare and Exceptional ‘Imperial Green’ Jadeite Bead and Diamond Necklace Sold for HK$62,963,000 / US$8,124,300

• (Lot 1660) A Highly Rare and Important Jadeite And Diamond Parure Sold for HK$14,090,000 / US$1,818,100 (est. HK$12,000,000 - 16,000,000 / US$1,560,000 – 2,080,000)

Exceptional Gems and Diamonds

• (Lot 1743) An Exceptional 6.41 Carat Unheated Burmese ‘Pigeon’s Blood’ Ruby and Diamond Ring, Designed and Mounted By FORMS Sold for HK$21,955,000/ US$2,832,900 (est. HK$17,000,000 - 22,000,000 / US$2,200,000 – 2,900,000)

• (Lot 1724) Emerald, Diamond and Coloured Diamond Ring Sold for HK$9,613,000 / US$1,240,400 (est. HK$3,800,000 – 5,000,000 / US$494,000 – 650,000)

• (Lot 1750) A 8.88 Carat Exceptional Fancy Vivid Yellow Diamond and Diamond Ring Sold for HK$8,403,000 / US$1,084,300 (est. HK$4,700,000 – 6,000,000 / US$615,000 – 780,000 )

• (Lot 1752) A 5.22 Carat Fancy Intense Blue Diamond and Diamond Ring, Mount by Cartier Sold for HK$34,660,000 / US$4,472,300 (est. HK$25,000,000 – 30,000,000 / US$3,250,000 – 3,900,000)

• (Lot 1638) A 16.38 Carat Diamond Ring, Mount by Van Cleef & Arpels Sold for HK$19,535,000 (est. HK$16,000,000 - 20,000,000)

Contemporary Designer Highlights

• (Lot 1744) Set of Three Jadeite, Diamond and Pink Sapphire Brooches, Cindy Chao Sold for HK$1,512,000 / US$195,100 (est. HK$1,200,000 – 1,500,000 / US$156,000 – 195,000)

• (Lot 1741) Sapphire and Diamond Ring, FORMS Sold for HK$2,772,000 / US$357,800 (est. HK$1,000,000 - 1,800,000 / US$130,000 – 234,000)

Period and Antique Highlights

• (Lot 1652) Art Deco Emerald and Diamond Brooch, Cartier Sold for HK$1,260,000 / US$162,600 (est. HK$1,000,000 – 1,300,000 / US$130,000 – 169,000)

• (Lot 1655) Diamond Tiara, Possibly Carrington & Co., Late 19th Century Sold for HK$2,331,000 / US$300,800 (est. HK$1,400,000 – 1,800,000 / US$182,000 – 234,000)

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