This Burmese ruby and diamond necklace by Etcetera made US$13,006,656, a world auction record price for a ruby necklace.
The most valuable jewellery auction ever held in Asia brought in US$117,892,395 at Christie’s. The top lot in the Hong Kong magnificent jewels sale was a Burmese ruby and diamond necklace of 120 carats, by Etcetera. It made US$13,006,656.
“Christie’s Hong Kong established a new record for the most valuable jewellery auction ever held in Asia. The family collection of K’ung Hsiang-Hsi sold for US$14.6 m, 7 times its low estimate. More records were achieved for a ruby necklace, a Kashmir sapphire and a jadeite cabochon and collectors were mesmerized all through the day bidding in any increment and as long as it took to try and acquire anything at the sale,” said Vickie Sek, Director of Christie’s Asia Jewellery Department.
A circular cut Kashmir sapphire of 10.33 carats sold for US$2,483,136, a world record per carat price of US$240,381. A jadeite cabochon pendant sold for US$5,676,480, a world auction record for a single jadeite cabochon.
UPDATE: Christie’s Hong Kong auction series achieved US$417.6 million and established 60 auction records across various categories. Buyers from mainland China continued to be active, and were joined this year by collectors from Singapore and Taiwan, who competed for 5 days in 16 auctions.