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Blue Diamond Tops Billing at Christie’s Hong Kong
Nov 30, 2016 11:05 AM
By Rapaport News
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RAPAPORT... Christie’s sales totaled $79 million (HKD 611 million) at its Hong Kong jewelry auction on Tuesday, with a colored diamond leading the event
yet again.
A marquise-cut, 4.29-carat, fancy vivid blue, internally
flawless diamond ring fetched $11.8 million at the Magnificent Jewels sale. That translates into a price of $2.7
million per carat.
Christie’s also sold the oval-shaped, 10.05-carat ‘Ratnaraj’
ruby and diamond ring for $10.2 million, achieving the third-highest per-carat
price for a ruby at just over $1 million per carat.
“Once again at Christie’s Hong Kong, Asian collectors and
members of the trade showed great confidence for rare and important gemstones,”
said Vickie Sek, deputy chairman for Asia and director of Christie’s Asia
jewelry department. “The sale room was packed all day long with spirited
bidding for colorless diamonds, colored gemstones and important jadeite jewelry.”
In May, Chow Tai Fook bought the world’s largest natural
fancy vivid green diamond for a
record $16.8 million, or $3.3 million per carat, at a Christie’s auction in
Hong Kong. Separately, another tender, also in Hong Kong, in December last year
saw a Burmese ruby garner $18
million, or an unprecedented $1.2 million per carat.
This week’s auction was 80 percent sold by lot and 84
percent sold by value, attracting 149 buyers from 23 countries.
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Tags:
Auctions, blue diamonds, Christie’s, colored diamonds, colored gemstones, fancy vivid blue diamonds, Hong Kong, Magnificent Jewels, Rapaport News, rubies
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