Burmese rubies and diamonds steal the show in Hong Kong
An elegant 45.02 carat diamond and ruby necklace took center stage at the Phillips Jewels and Jadeite Hong Kong tender.
The necklace sold for US$385,258 (AU$556,260) just within the pre-sale estimate.
The necklace, set with Burmese “pigeon’s blood” rubies and white diamonds, was the best-performing piece in the tender. Total sales amounted to $3.4 million (A$4.91 million), with just 70% of the auctioned lots sold.
A matching bracelet containing 17.08 carats of Burmese rubies and diamonds was also sold to another buyer for US$321,048 (AU$463,550) – slightly above the lower pre-sale estimate.
The second-highest yielder in the bidding was a 21.47-carat Colombian emerald and diamond bracelet at US$353,153 (AU$509,905).
Other notable pieces in the auction include a 1.55 carat heart-shaped intense purple pink diamond ring which sold for US$176,576 (AU$254,952) and another pink diamond ring fancy dark purple of 1.51 carats for US$160,524. (AU$231,775).
Unfortunately, it was a disappointing result for several high-end pieces that failed to win over buyers, such as a 20.30-carat standalone D-flawless diamond with a pre-sale estimate of $1.8 million (2 .6 million Australian dollars). Additionally, a 9.43-carat D-flawless diamond ring worth US$880,000 (AU1.27 million) was also unsold.
A pair of flawless D-color pear-shaped diamond earrings weighing 5.02 and 5.03 carats with a presale estimate of US$580,000 (AU$837,442) also went unsold.
A 25-carat diamond ring featured at Christie’s
Meanwhile, Christie’s is showing a 25.40-carat old-cut VS1-clarity diamond ring at its Joaillerie Paris auction (June 23-July 7) that is expected to fetch around US$475,000 ($685,638 TO).
The tender features pieces from Cartier, Van Cleef & Arpels, Belperron, Bulgari and David Webb, among others, which also include items from the collection of jewelry designer Jean Fouquet and several vintage pieces from the Art era. new until the 1950s.
Among the high-value lots are a 10.56-carat cushion-cut Kashmir sapphire ring expected to fetch around US$422,270 and a 9.46-carat modified pear-cut VS1 D-color diamond ring with a pre-sale estimate of approximately US$316,703.
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