Christie's Magnificent Jewels Auction - Hong Kong Fetches $78.8M

30/11/2016 09:42

Tuesday November 29 was a big day for jewelry auctions in Hong Kong, as Christie's Magnificent Jewels Auction achieved a total (incl. buyer's premium) of US$78.8 million (HKD 611,146,250 million), while Sotheby’s sold $3.5 million (HKD 26.8 million) worth of jewelry at its Important Jewels and Jadeite auction. The headline jewel at Christie's was a blue diamond and diamond ring by Moussaieff, set with a marquise-cut fancy vivid blue diamond and weighing approximately 4.29 carats, which sold for $11.8m (HKD 91m), or nearly $162,847 per carat. A circular unmounted Type IIa D-Flawless diamond weighing approximately 19.14 carats sold for $3 million, while Boehmer er Bassenge's pair of diamond ear pendants sold for $2.9 million, at the upper range of its estimate.

The Sotheby's auction was led by an early 20th-century gem-set and diamond dragon bracelet that shattered its estimated high of $103K (HK 800K) by fetching $266,000 (HKD 2.1 million). A brilliant-cut round, 6.01-carat, D-color, internally flawless diamond did not sell, after having been estimated at $515,800 to $567,380, or up to $94,406 per carat.