News
Sotheby's achieves US$56m at Hong Kong jewellery sale
July 13, 2020
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Fine jewellery auction by Sotheby’s Hong Kong realized a total of HK$437.67 million (US$56.47 million), reflecting robust demand for high-quality jewels and collectors’ items in Asia. The sale was led by two rare diamonds – a 5.04-carat Type IIB fancy vivid blue diamond ring, which sold for HK$81.79 million (US$10.55 million); and a 4.49-carat internally flawless fancy vivid pink diamond ring, which fetched HK$63 million (US$8.12 million). |
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Another star of Sotheby’s Magnificent Jewels auction was an “imperial green” jadeite bead necklace, which was snapped up for HK$80.65 million (US$10.4 million).
Princess Margaret’s 21st birthday bracelet likewise attracted fierce competition from phone and online bidders, with the piece beating its high estimate to sell for HK$1.62 million (US$209,674).
Wenhao Yu, deputy chairman for jewellery at Sotheby's Asia, said the results indicated that the appetite for top-quality jewellery pieces in Asia remains strong.
“This spring, we have seen a resilience in the jewellery market as collectors demonstrate their eagerness to transact with us in both new and traditional ways,” noted Yu.
Princess Margaret’s 21st birthday bracelet likewise attracted fierce competition from phone and online bidders, with the piece beating its high estimate to sell for HK$1.62 million (US$209,674).
Wenhao Yu, deputy chairman for jewellery at Sotheby's Asia, said the results indicated that the appetite for top-quality jewellery pieces in Asia remains strong.
“This spring, we have seen a resilience in the jewellery market as collectors demonstrate their eagerness to transact with us in both new and traditional ways,” noted Yu.
