Fiery rubies dominate jewellery auction in HK

rubies jewellery

Fine jewellery pieces adorned with top-quality rubies and diamonds were the stars of Tiancheng International’s Jewellery and Jadeite Autumn Auction 2017, which achieved more than HK$221.47 million (US$28.39 million) in sales.

According to the auction house, 77 percent of the lots offered were sold. The sale was top-billed by a ruby and diamond necklace, dubbed “The Red Romance,” which fetched HK$67.8 million (US$8.68 million). The necklace features 84 natural, unheated Burmese rubies with a total weight of nearly 140 carats, including a centre stone of over 12 carats and some certified “Pigeon’s Blood” stones. The piece is further accentuated with 101.25 carats of diamonds to create the shape of a flower.

Another significant sale – a pair of earrings embellished with natural unheated Mozambique “Pigeon’s Blood” rubies of 14.54 and 13.52 carats, with pink diamond and diamond accents – set a new world auction record for Mozambique ruby jewellery when it sold for HK$ 48 million (US$6.15 million).

Other highlights included the “Golden Tiger Eyes,” a pair of natural fancy vivid yellow diamonds of 5.02 and 5.01 carats, which was snapped up for HK$17.4 million (US$2.23 million); and a jadeite and diamond necklace featuring 49 jadeite beads of substantial sizes in rich green colour and great translucence, which sold for HK$16.2 million (US$2.07 million).

“The top two ruby lots that achieved impressive prices reveal the strong demand for rare coloured gemstones,” the auction house remarked.

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