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AuctionsAug 10, 2016
Christie’s Hong Kong auction sets two records
Christie’s recent jewelry auction set two world records, though the Golconda diamond necklace expected to fetch as much as $10 million did not sell.
Leading the auction, which was held May 27 in Hong Kong, was a pair of pear-shaped diamond earrings that sold for nearly $10 million. The D color, flawless type IIa ear pendants, weighing 25.49 and 25.31 carats, set a record when a private buyer paid $9.7 million for them.
The other record-setting lot was a cushion-cut fancy intense green diamond ring that sold for $3.6 million, or $594,510 per carat, setting a new world record auction price for an intense green diamond.
Lots rounding out the top 10 included a fancy intense pink diamond ring selling for $6 million, a jadeite bangle that fetched $5.2 million, and three brilliant cut flawless type IIa diamonds, which fetched between $4.7 million and $5 million.
Additionally, a cushion-cut 28.88-carat Colombian emerald sold for $4.2 million, a suite of Burmese pigeon’s blood ruby and diamond jewelry went for $4.8 million, and a Harry Winston rectangular-shaped fancy orange pink diamond garnered $3.6 million.
The auction sold 81 percent by lot and 73 percent by value, totaling $92 million.
However, the necklace featuring two Golconda diamonds that was expected to fetch as much as $10 million and lead the auction failed to find a buyer. The “Eye of Golconda” pendant necklace featured two D color internally flawless type IIa Golconda diamonds, sized at 40.05 and 6.76 carats.
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