Hong Kong’s Magnificent Jewels Auction

Famed auction house Christie’s held their annual Hong Kong Magnificent Jewels auction on Tuesday, May 27 and there were some big numbers bandied about for the pieces.

Focusing on the most rare diamonds that went under the hammer, pre-auction estimates were met and, in one case, dramatically eclipsed.

1.  A Magnificent Coloured Diamond and Diamond Ring

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The most breathtaking ring to be auctioned on Tuesday was this Fancy Pink Intense diamond weighing in at over 9 carats and flanked by two small white pear-shaped diamonds.   Early estimates had the ring, which is set on a platinum and 18 karat rose gold, selling at between $6.3 and $9 million (CAD).   Surprisingly, this piece sold just above the low-end of the estimate at $6.5 million.

2.   A Rare Coloured Diamond Ring

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A world auction record for intense green diamonds was set with the sale for this 18-karat gold ring featuring a cushion-cut Fancy Intense green diamond weighing over 6 carats and a brilliant-cut pink diamond surround.   Despite the record-setting price of $3.9 million (CAD), the ring still sold slightly below the top-end of the pre-auction estimate of $4.2 million.

3.   A Rare Coloured Diamond and Diamond Ring By Harry Winston

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The estimate that proved to be the most conservative at the auction was for this platinum-set ring centred by a rectangular-shaped pink diamond weighing in at almost 13 carats.   This beautiful piece, featuring marquis-cut diamond shoulders, sold for a breathtaking $3.9 million (CAD), more than $1 million above the high-end range of the pre-auction estimate.

4.  A Coloured Diamond and Diamond Ring

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Yellow diamonds continued their upward trend in this auction as this 10.02 carat, marquis-cut fancy vivid yellow diamond ring sold for $1.2 million (CAD).   The amount was on the high side of the early estimates which had the piece selling for between $910,000 and $1.3 million.

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