Sothebys Hong Kong in $50million auction
Sotheby's Hong Kong began its autumn auction
season in style on October 9th with a mighty US $50million dollar
sale in magnificent jewellery and jadeite jewels. The star lot was
a D/IF Riviere Diamond Necklace by Nirav Modi, at an impressive
88.88ct, selling for $5.1million.
The autumn sale marks yet another
example of how the Far East is fast laying claim to some of the
best lots up for auction worldwide. Quek Chin Yeow, Deputy Chairman
and Head of Jewellery, Sotheby's Asia, agrees: "A ruby ring by Cartier
was the top coloured stone sold at $3.34 million, complemented by a
unique cabochon ruby necklace and a pair of matching earrings
designed by James W Currens, affirming the Asian market for
top-quality rubies." Other notable lots included an unmounted
20.22ct round brilliant-cut D/IF diamond, which went for
$4.1million, and a 10.15ct fancy pink diamond and diamond ring,
which sold for $3.2million.
With this sale for Sotheby's, and Christie's recent £30million
haul, while the autumn leaves are falling, it looks like the only
way is up for magnificent jewel prices.