Records Set at Sotheby’s Magnificent Jewels and Jadeite Sale in Hong Kong

Finance and Trade
08/10/2015 09:03

The Cowdray Pearl Necklace composed of 42 natural grey pearls was the outstanding sale at Sotheby’s Magnificent Jewels and Jadeite sale in Hong Kong, selling for $5.27 million. The necklace set a world record price for natural gray pearls. The last time it was auctioned, in London three years ago, it was sold for $3.35 million.

Another highlight of the sale was the 'Jewel of Kashmir,' a 27.68-carat sapphire and diamond ring which was sold for $6.7 million or $242,145 per carat, and creating a new world record.