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Phillips to Auction Rare 53ct. Sapphire Necklace

Apr 30, 2018 4:53 AM   By Rapaport News
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RAPAPORT... Phillips’s May Hong Kong auction will feature a rare 52.50-carat Kashmir sapphire and diamond necklace with an estimated price of $2.2 million to $2.9 million (HKD 17 million to HKD 23 million).

“We are very proud to be entrusted to present a very rare and important Kashmir sapphire and diamond necklace — the first to be offered at auction in the past decade,” Terry Chu, head of jewelry for Phillips Asia, said last week.

Also included at the event is a round, 21.05-carat, E-color, internally flawless diamond, with a pre-sale estimate of $1.9 million to $2.3 million (HKD 15 million to HKD 18 million). A pair of 14.59- and 12.54-carat emerald pendant earrings attached to 23.84 carats of signed Harry Winston diamond earclips will also go up for auction. The set is priced between $1.8 million and $2.2 million (HKD 13.8 million to HKD 17 million).

The Jewels and Jadeite Spring Sale on May 28 will also feature a range of other colored stones, including a padparadscha pink sapphire and diamond ring, pigeon’s blood red ruby pieces, and Columbian emeralds. Indian-influenced “Tutti Frutti” Art Deco pieces by Henri Picq for Cartier Paris will also go under the hammer.

The auction, which will offer more than $21.7 million (HKD 170 million) worth of jewels, will take place at the Mandarin Oriental Hong Kong.

Image: 52.50-carat Kashmir sapphire necklace, courtesy Phillips
Tags: Cartier Paris, Harry Winston, Henri Picq, Jewels and Jadeite, Kashmir sapphire, Mandarin Oriental Hong Kong, Padparadscha, Phillips, Rapaport News, Terry Chu
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