Tiancheng Intl. Holds Its Fine Jewelry, Jadeite Auction on Dec. 8

RAPAPORT... Tiancheng International will hold its jewelry and jadeite autumn auction on December 8 in Hong Kong, following previews from November 22 to 28. The sale will showcase more than 280 items with a presale total of about $51 million (HKD 400 million). The top lot (right side of photo) is an exceptional natural jadeite ''Laughing Buddha,'' white jade, tsavorite garnet and yellow diamond pendant by Wallace Chan, with a presale estimate of $465,000 to $595,000. Another exceptional piece is a natural lavender jadeite ''Baby Buddha'' (left side of photo) and shell bead pendant by Wang Junyi with a presale estimate of $105,000 to $155,000. The sale also highlights pigeon’s blood rubies from Burma, Kashmiri sapphires, Columbian emeralds and an assortment of diamonds.

Ellen Sin, the director of Tiancheng International’s jewelry department, said,  “In our upcoming autumn auction 2013, we will be catering our line of the finest jewelry and jadeite to different market levels. Top quality jadeite has been evidently in good demand in recent years. Take Tiancheng’s auctions as example, a rare jadiete necklace of 23 beads fetched $14 million (HKD 106.2 million) in autumn 2012, establishing the new world auction record price for a piece of jadeite jewelry.

''Likewise, the spring auction earlier this year, a pair of natural jadeite bangles  sold for a breathtaking price of $7 million (HKD 53.7 million). Considering such a robust market and avid demand, Tiancheng International continues to present a collection of top quality jadeite this season. Artistic jadeite, most notably led by the Buddha pendants by two Chinese jadeite sculpting masters - Wallace Chan and Wang Junyi – will also be proudly showcased, alongside more than 10 sets of (a total of 20 pieces) jadeite bangles spanning from no-reserve to the finest kind. This is set to be a jadeite feast to the collector,'' Sin said.

Tiancheng International will also feature a variety of gemstones and diamonds, Sin added that  more than 60 lots of fine jewels and jadeite have no reserve.