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RAPAPORT... Christie's Hong Kong will hold its magnificent jewels sale on May 28, offering 290 jewels for a presale estimate total of $74 million (HKD 590 million). The top lot of the sale is diamond pendant necklace (pictured) with a marquise-cut purplish pink diamond suspending a 75.36-carat, D, internally flawless, type IIa briolette diamond and a presale estimate of $8.5 million to $12.5 million. Christie's Hong Kong will auction an emerald and diamond necklace by Boucheron, circa 1950s, that features eight emeralds set with a line of graduated old European and cushion-cut diamonds, alternating with baguette-cut diamonds. The presale estimate for this piece is $3 million to $5 million and Christie's stated that jewels of this high caliber are typically owned by extraordinarily affluent collectors.  Another top lot is a diamond and ruby ring by James W. Currens, featuring a natural 8.88-carat center oval ruby with a high degree of transparency, joined by pear and marquise-cut diamonds for a presale estimate of $2.3 million to $3.5 million. A limited supply of high-quality jadeite is driving strong prices for these pieces in China and other locations, according to Christie's, which is why the auction house expects good buyer demand from this category. Christie's is offering a suite of jadeite and diamond jewelry consisting of a ring, earrings and a necklace set with 14 oval jadeite cabochons of brilliant green color and high translucency, enhanced by brilliant-cut diamond spacers for a presale estimate of $2.3 million to $3.5 million. The pearl category of the sale is led by an exceptional double-strand natural pearl and diamond necklace, featuring 150 saltwater pearls set with a diamond and emerald clasp and it has a presale estimate of $1.5 million to $2.25 million. On May 29, Christie's Hong Kong will present its spring auction of important watches, including a collection of John Stainton, and featuring 540 lots along with a presale estimate of $13.4 million (HKD 105 million).
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