Christie’s Hong Kong Magnificent Jewels sale was headlined by the sale of a platinum necklace featuring 104 carats of D-colour diamonds.
The 28 November auction netted $US46 million ($AU68.7 million) in sales with the platinum necklace fetching $US5.9 million ($AU8.82 million).
The necklace consists of 52 round brilliant cut diamonds, some as small as 1.07-carats and others as large as 7.14-carats. The minimum pre-sale estimate was $US4.8 million ($AU7.18 million).
51 pieces were featured in the auction, including a collection which belonged to Hong Kong actress Rosamund Kwan. That collection included jewelry from Cartier, Buccellati, Bulgari, Van Cleef & Arpels, and Louis Vuitton.
86 percent of the items were successfully sold with participants attending from 21 countries.
Loose diamond proves popular
Phillips also hosted an auction in Hong Kong this week, selling 87 percent of the available lots for sales totaling $US7.7 million.
The headline piece was a round brilliant 26-carat D-flawless loose diamond which fetched $US2.5 million ($AU3.74 million).
Benoît Repellin, worldwide head of jewelery at Phillips, said “the results prove that the market for colorless and colored diamonds continues to be robust.”
Another item of note was a ring featuring a cushion-modified brilliant, 2.04-carat, fancy-intense-pink, VS1-clarity diamond which returned $US914,816 ($AU1.36 million) comfortably exceeding the pre-sale estimate of $ US$150,000 ($AU224,000).
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