HomeNews > Industry News > Content

Enchanting ruby ring leads Sotheby’s HK sale

2017-10-11 Source:www.Jewellerynewsasia.com

 Ruby and diamond ring designed and mounted by Bhagat
Woolworth-Yard jadeite bead and diamond necklace

 A rare and impressive ring, adorned with a 13.26-carat natural Burmese ruby centre stone and diamond accents, dominated Sotheby’s Magnificent Jewels and Jadeite sale in Hong Kong on October 3.

The ring, designed and mounted by Bhagat, fetched HK$81.7 million (US$10.5 million), according to the auction house.

Another highlight of the sale was the Woolworth-Yard jadeite bead and diamond necklace, which achieved HK$9.1 million (US $1.2 million) – 23 times higher than its pre-sale estimate. According to Sotheby’s, the necklace received an unprecedented 43 telephone bids, competing with collectors in the auction room.

The double-strand necklace, composed of 52 and 57 graduated, highly translucent jadeite beads of matching bright emerald green colour, is mounted in platinum and white gold.

Other top lots were an unmounted 31.98-carat diamond, which was snapped up for around HK$39 million (US$5 million); a pair of unmounted diamonds of 12.36 and 12.00 carats, respectively, which sold for HK$22.3 million (US$2.9 million); and a jadeite bangle, which fetched HK$17 million (US$2.16 million).

The Magnificent Jewels and Jadeite sale realised a total of HK$504 million (US$65 million).

Source: www.Jewellerynewsasia.com

Company News


Guangdong Gems & Jade Exch...

On March 1, 2018, The Guangdong Gems & Jade Exchange (GDGJE) and the International Colored Gemstone Association (ICA) signed the MOU in Hongkong [ Detail ]

International Jewelry & Dia...

On 24 November 2017 the grand opening for one of the series of annual meetings of the Guangdong Assets and Equity Exchange Group was held in Panyu, Guangzhou [ Detail ]

Global Colored Gemstone Ind...

On 21 -24 October 2017,International colored gemstone association (ICA) Congress 2017 with the theme of “Celebrations of Colours” held successfully in the India Jaipur [ Detail ]