The top lot at Bonham’s Hong Kong was the 10.03 carat pink diamond ring. The ring was one of the total of 163 lots that were sold for a combined amount of $6.7 million.
The diamond ring that was the top seller of the auction is a fancy brown and pink oval cut diamond that is flanked by colorless diamonds on each side. Experts had estimated the pink diamond ring to fetch around $395,000 to $636,000 USD and that was accurate as the ring went for the upper end of its pre-sale estimate, $606,200.
“This piece was of great significance to present in our sale, as pink diamonds are becoming increasingly rare,” said Graeme Thompson, director of jewelry for Bonhams Asia. “Only one in 10,000 carats of mined diamonds is of gem-quality fancy color, and of this small amount, just 0.01% are fancy pink diamonds.”
Other Bonhams auction highlights
At the Jewels and Jadeite auction in Hong Kong a cushion shaped pigeon’s blood, Burmese ruby of 4.01 was sold successfully for $548,078 USD. This price is a great result as the pre-estimate as $445,000 to $635,000. In addition, a rare 12.92 carat Kashmir sapphire that was surrounded by diamonds fetched a price of $471,602.
“The sale saw strength across the board in each sector — white diamonds, colored diamonds, gemstones, designer antique jewelry and jadeite — which shows the buoyancy of the market,” Thompson added.