Most expensive ruby in the world and top lot results of the Sothebys Hong Kong Spring Sale

Record price for a ruby of US$7.3 million achieved at Sotheby's Spring Sale in Hong Kong as well as record price for ruby necklace of US$9.2 million.

The Hutton-Mdivani necklace, estimated to sell for upwards of US$12.8 million, sold for a record-breaking US$27.44 million at Sotheby's Hong Kong on 6 April 2014.

The Hutton-Mdivani jadeite necklace may have stolen the spotlight at Sotheby's Hong Kong Spring Sale, but two other lots also broke world records at the auction, which fetched a total of US$106.6 million.

A 29.62 carat oval Burmese ruby and diamond ring, mounted by Cartier, sold for US$7,338,462, making it the most expensive ruby ever sold at auction and most likely in the world. 

The Red Emperor, a Burmese ruby and diamond necklace set with 60 Pigeon's Blood rubies, totalling 104.51 carats, achieved US$9,923,077, setting a new world record for a ruby and diamond necklace. It formed part of the so-called Magnificent Trio along with the Hutton- Mdivani necklace and an 85.33 carats DIF diamond necklace.

Private collectors bought both of the record-breaking ruby jewels.

In an auction that was nothing short of a feast for jewellery connoisseurs, other notable highlights included a 102.61 carat royal blue sapphire and diamond necklace. Completely free of heat treatment and virtually inclusion-free, necklace was expected to fetch between US$2.8- 3.8 million, but sold for US$4,179487.

A 20.04 carat cushion-shaped Kashmir sapphire and diamond ring also surpassed its estimated top price of US$2.19 million, going under the hammer for US$2.6 million.





We use our own and third party cookies to improve your experience and our services. If you continue, we consider that you accept their use. You can get more information on your website at cookies policy.