Tuesday, October 22, 2019
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Sotheby’s Auction Sale in HK Raked In $38.34 Mln

Sotheby’s Auction Sale in HK Raked In $38.34 Mln

At the Sotheby’s auction of Magnificient Jewels and Jadeite held in Hong Kong on 7 October 2019, the total sales recorded was about $38.34 mln.

Some rare and exceptional fancy colour diamonds took the spotlight at this autumn’s Magnificent Jewels and Jadeite auction.

The sale presented three very remarkable stones: a superb 10.64-carat fancy vivid purplish-pink diamond of internally flawless clarity, an important 6.01-carat fancy vivid blue diamond, and a magnificent 80.88-carat D-color, flawless diamond.
An exquisite 10.64-carat fancy vivid purplish-pink IF diamond ring sold for HK$155,831,000 or US$19,862,220 at Sotheby’s Magnificent Jewels and Jadeite autumn sale in Hong Kong.

The stone led a sparkling assortment of exceptional diamond and coloured gemstone jewellery pieces at the auction.

According to the auction house, “only 1 percent of all pink diamonds graded by the Gemological Institute of America is larger than 10 carats, and the fact that this diamond weighs 10.64 carats makes it an astonishing marvel of nature.”

The stone is part of a rare subgroup comprising less than 4 per cent of all pink diamonds which have achieved a ‘fancy vivid’ colour, its alluring hue further ‘sweetened’ by a hint of purple, noted Sotheby’s.

With its fine transparency and exceptionally clear appearance, the diamond has been afforded the grade of an internally flawless gem. Polished as a radiant cut, with the outline of an emerald-cut diamond combined with the scintillation of a brilliant-cut diamond, the gemstone boasts an attractive combination of facets that enhance its face-up colour, according to Sotheby’s.

Also, a symphony of jewels by Chinese American designer, Anna Hu, showcases an impressive 100.02 carat fancy intense yellow diamond necklace, inspired by the Pipa, a traditional Chinese musical instrument. Notable gemstones include an 11.88-carat Burmese ruby ring by famed jeweller Raymond Yard, among other timeless creations.

Mines to Market
the authorMines to Market
Prashant Rathod

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