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Nearly $14 Million in Sales at Sotheby's Jewelry Auction

carat diamond rings

HKD 105.5 million ($13.5 million) was raised by Sotheby's during its Important Jewels sale in Hong Kong, with a four-piece jadeite and diamond collection taking the top prize.

A fringe necklace with oval jadeite cabochons and pear-shaped and brilliant-cut diamonds sold for HKD 18.3 million ($2.3 million) at Sotheby's Hong Kong last week, according to the auction house. The ensemble was completed with a bracelet, a pair of pendant earrings, and a ring.

A Chopard ring with a cushion-shaped, 10.46-carat Kashmir sapphire and diamonds also made headlines at the auction, fetching HKD 7.7 million ($984,135), more than double its high estimate of HKD 6.5 million ($686,475). The price of another ring, featuring an emerald-cut, 7.36-carat, fancy vivid yellow diamond flanked by two trapeze-cut diamonds, came in at HKD 4.7 million ($596,330), which was just under its upper estimate. Another ring, featuring an emerald-cut, 7.36-carat yellow diamond flanked by two trapeze-cut diamonds, came in at HKD 4.7 million.

There were a few other notable items, such as an emerald dragonfly brooch by Van Cleef & Arpels set with sapphire, spinel, and diamonds, which sold for HKD 3.5 million ($452,238), which was just below the high estimate. A cushion-shaped Cartier sapphire and diamond ring with a total weight of 25.18 carats sold for HKD 3.4 million ($436,086), exceeding expectations. An 18-karat gold bracelet set with nine step-cut Colombian emeralds weighing a total of 19.92 carats and surrounded by diamonds in the shape of flowers sold for HKD 3.3 million ($419,948), which was within its presale estimate.

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