Sotheby’s HK Holds Its Magnificent Jewel & Jadeite Spring Sale

on March 9 2011 | in Art & Auction Events Jewelry & Watches Lifestyle | by | with No Comments


Sotheby’s HK’s ‘Magnificent Jewels and Jadeite Spring Sale 2011’ will take place on April 6 at the Hong Kong Convention and Exhibition Centre.

It will showcase some of the finest red gems including a rare 27.67-carat Bulgari Burmese Ruby, as well as exceptional diamonds and jadeites. The estimated value of the 329 lots is HK$470 million (US$60 million).

Touted as one of the most significant jewels and jadeite auctions, the jewels offered will range from “the finest 23.19-carat Brazilian Cat’s-Eye Alexandrite, an array of stunning colored diamonds, the most regal jadeite pieces, to a range of timeless classics by renowned European jewelers vis-a-vis a selection of modern jewels by Asian designers,” according to Quek Chin Yeow, Deputy Chairman and Head of Jewelery Department, Sotheby’s Asia.

The top lot of this sale is an impressive pair of DIF Diamond Pendent Earrings totaling 36.48 carats by Harry Winston that is estimated to fetch HK$32 – 38 million (US$4.1 – 4.8 million). Each earring suspends a pear-shaped diamond weighing over 14 carats, surmounted by an oval diamond weighing 4.01 carats.

Pink, blue and yellow diamonds have been the spotlight of 2010 auctions. Red diamonds remain extremely rare. This spring’s auction includes a Red Sale, which brings together an extraordinary and highly-coveted collection of red gems led by an extremely rare 1.92-carat VS2 Fancy Red Diamond (Est. HK$20 – 24 million / US$2.5 – 3 million) as well as a selection of the finest Mogok Rubies including the 27.67-carat Bulgari Burmese Ruby and Diamond Ring (Est. HK$12 – 20 million / US$1.5 – 2.5 million).

Red diamonds are among the most unusual and rarest color in diamonds, the red hue is “caused by unique features within the diamonds’ crystal lattice interspersed with small amounts of nitrogen. Few specimens of red diamonds exist in the world, mostly of SI or below in clarity and rarely exceed 1 carat in weight.”

The highlights of the jadeite offerings include a magnificent Jadeite Bead Necklace (Est. HK$30 – 35 million / US$3.8 – 4.5 million). It comprises of 53 graduated fine natural jadeite beads “of luscious translucency, imperial emerald green color and great consistency, measuring approximately 12.36 to 9.92 mm.” The necklace is also adorned with a stylized clasp set with rubies, sapphires and diamonds. Other jadeite pieces include a Pair of Jadeite “8” and Diamond Pendent Earrings (Est. HK$2.5 – 3 million / US$320,000 – 380,000).



photo credit: epa/ym yik

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