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RAPAPORT...
Christie's Hong Kong held its sale of Magnificent Jewels on November 27, which was 80 percent sold by lot and achieved a total of $75,256,901. Private Asian buyers took home all of top 10 lots at the sale.
The top lot was a Burmese ruby and diamond necklace by James W. Currens that achieved a sales price of $5,169,842. A pair of Colombian emeralds, 23.34 carat and 23.18 carat, sold for $4,298,258. Two 8.88-carat, D, flawless diamonds fetched $209,300 per carat or $3,717,202 and an 8.59-carat, fancy pink diamond ring by JAR sold for $3,57 1,938.
“Exceptional Colombian emeralds and Burmese rubies, as well as D, flawless diamonds, made top prices in an eight-hour auction that achieved $75 million. Private collectors from all over the Asia-Pacific region, which represented 90 percent of the buyers, showed great depth across the board. The strength of the region was clearly apparent with competitive bidding throughout the day, confirming the role of Hong Kong as a major auction center for every category,” said Vickie Sek, the director and head of the jewelry and jadeite department of Christie’s Asia.
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