Advanced Search

Hong Kong Jewelry Auction Racks Up $22M

Dec 14, 2021 8:26 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

A 20.80-carat diamond was the star of the most recent jewelry sale at Poly Auction in Hong Kong, fetching $2.3 million.

The round brilliant-cut, D-flawless unmounted stone sold within its estimate at the November 27 Magnificent Jewels and Prestige Watches sale, Poly Auction said last week. In total, the auction garnered HKD 174 million ($22.3 million), with eight items making more than HKD 10 million ($1.3 million) each.

A necklace featuring 47 jadeite beads with a Burmese pigeon’s blood ruby and diamond clasp also realized $2.3 million at the sale. A Bulgari ring set with a 13.36-carat Kashmir sapphire flanked by diamonds garnered $2 million, within its presale valuation. Meanwhile, a pair of Burmese pigeon’s blood ruby and diamond earrings by Jacques Timey for Harry Winston sold for $1.8 million, missing its estimate.

Two sapphire and diamond lots fetched $1.8 million at the auction. The first, a brooch by Jacques Timey for Harry Winston, bearing a 102.91-carat Sri Lankan sapphire, was within its estimate. That jewel can also be worn as a ring, Poly Auction noted. The second, a necklace, bracelet, ring and earrings set by Cartier, containing a combined total of 124.87 carats of sapphires and 97.08 carats of diamonds, beat its high valuation.

Other notable items included a Burmese pigeon’s blood ruby and diamond necklace by J.W. Currens for Faidee, which sold for $1.7 million, just above its low estimate. A ring with an oval-shaped, 2.08-carat, fancy-vivid-purplish-pink diamond flanked by white diamonds brought in $1.4 million, and a round brilliant-cut, 10.41-carat, D-flawless diamond yielded $1.1 million, both within their estimates.

Image: The 20.80-carat diamond. (Poly Auction)
Tags: Bulgari, Cartier, diamond, Faidee, Harry Winston, Hong Kong, J.W. Currens, Jacques Timey, Jewelry, Magnificent Jewels and Prestige Watches sale, Poly Auction, Rapaport News
Similar Articles
Rapaport LogoRapaport Weekly Market Comment
Aug 11, 2022
News: Diamond market cautious amid China slowdown and US economic uncertainty. Polished prices declining. Inventory
RJC Satta Matturi 140Jeweler Satta Matturi Joins RJC Board
Aug 04, 2022
The Responsible Jewellery Council (RJC) has appointed industry veteran Satta Matturi to its board of directors.Matturi,
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2022 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.