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Pink Diamond Nets $20M at Sotheby’s
Oct 7, 2019 10:33 AM
By Rapaport News
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RAPAPORT... A pink diamond ring was the top lot at Sotheby’s
Hong Kong auction this week, garnering HKD 155.8 million ($19.9 million), or $1.9 million per carat.
The cut-cornered rectangular mixed-cut, 10.64-carat, fancy-vivid-purplish-pink, internally flawless stone, set between two white trapeze diamonds, had a presale estimate of HKD 150 million to HKD 200 million ($19.1 million to
25.5 million). Total proceeds at the Magnificent Jewels and Jadeite auction came to HKD 300.8 million ($38.3 million).
A 100.02-carat, fancy-intense-yellow diamond necklace by
Anna Hu, fashioned in the shape of a pipa — a Chinese musical instrument similar
to a four-stringed lute — sold for HKD 45.3 million ($5.8 million) against a
presale estimate of HKD 40 million to HKD 50 million ($5.1 million to $6.4
million). The necklace was one of five pieces in Hu’s Silk Road Music
Collection, all of which found buyers, Sotheby’s told Rapaport News.
Meanwhile, a necklace featuring a pear-shaped, 15.08-carat diamond
suspended from a row of alternating step-cut and brilliant-cut diamonds brought
in HKD 9.2 million ($1.2 million). It was estimated at HKD 7.6 million to HKD
10 million ($968,860 to $1.3 million).
Three of the auction’s top lots failed to find a buyer, including
an emerald-cut, 80.88-carat, D-flawless, type IIa diamond with a presale
estimate of $10 million to $12.8 million, Sotheby’s added. An 11.88-carat,
pigeon’s blood Burmese ruby and diamond ring by designer Raymond Yard, valued
at $5.6 million to $8.2 million, and a jadeite bead necklace with a diamond
clasp, estimated at $3.2 million to $4.1 million, also went unsold.
Image: The 10.64-carat pink diamond. (Sotheby’s)
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Tags:
Anna Hu, Magnificent Jewels and Jadeite, Magnificent Jewels and Jadeite sale, Pink Diamond, Rapaport News, Raymond Yard, Silk Road Music Collection, Sotheby’s, Sotheby’s Hong Kong
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