News

Advanced Search

Pink Diamond Nets $20M at Sotheby’s

Oct 7, 2019 10:33 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


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)
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
Similar Articles
Polished diamondsIndia Polished Exports Drop
Nov 14, 2019
India’s polished-diamond exports fell 15% to $1.95 billion in October, reflecting a 22% slide in the average price
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2019 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
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.