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Hong Kong Jewelry Auction Racks Up $25M

Jul 18, 2022 7:20 AM   By Rapaport News
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A ruby and diamond ring by Cartier was the star of the most recent jewelry sale at Poly Auction in Hong Kong, fetching HKD 57.6 million ($7.3 million).

The piece, which featured an 8.39-carat Burmese ruby surrounded by diamonds, also set a record for the highest price achieved by a ruby at a Poly Auction sale, the company said last week. In total, the July 13 Magnificent Jewels sale garnered more than HKD 196.9 million ($25.1 million).

Also notable was a necklace featuring 43 jadeite beads and a diamond clasp, which went for HKD 50.4 million ($6.4 million). The company did not disclose the presale estimate of either jewel. A necklace by Harry Winston bearing 65.75 carats of Colombian emeralds with diamonds brought in HKD 26.4 million ($3.4 million), within its presale price.

Meanwhile, a pair of unmounted heart-shaped, D-color, internally flawless diamonds weighing 15.77 and 15.78 carats also sold for HKD 26.4 million, toward the upper end of its estimate. A Bulgari bracelet containing 23.58 carats of Colombian emeralds with diamonds fetched HKD 7.4 million ($947,764), within its predicted range.

Image: The Cartier Burmese ruby and diamond ring. (Poly Auction)
Tags: Bulgari, Cartier, Harry Winston, Hong Kong, Jewelry, Magnificent Jewels sale, Poly Auction, Rapaport News
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