• results
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  • Hong Kong
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  • For immediate release
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  • 29 November 2016

RESULTS: Hong Kong Magnificent Jewels Autumn sales totalled HK$611 million / US$79 million

The Ratnaraj, a 10.05 ct rare Burmese Ruby fetched HK$78 million / US$10 million

35% of Lots Exceeded High Estimate

Christie’s Hong Kong Autumn sales of Magnificent Jewels realised HK$611,146,250 / US$79,172,226, selling 80% by lot and 84% by value.

The Ratnaraj sold for HK$78,940,000 / US$10,226,448, setting the third highest price per carat of US$1,017,557 for a ruby.

The sale attracted 149 buyers from 23 countries across 4 continents.

Please click HERE for the results of Christie’s Hong Kong Magnificent Jewels sale

Vickie Sek, Deputy Chairman Asia & Director of Christie’s Asia Jewellery department, commented: “Once again at Christie’s Hong Kong, Asian collectors and members of the trade showed great confidence for rare and important gemstones, led by US$2.7m per carat achieved for the Moussaieff blue diamond ring. The sale room was packed all day long with spirited bidding for colourless diamonds, coloured gemstones and important jadeite jewellery.”

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Founded in 1766, Christie’s is a world-leading art and luxury business. Renowned and trusted for its expert live and online auctions, as well as its bespoke private sales, Christie’s offers a full portfolio of global services to its clients, including art appraisal, art financing, international real estate and education. Christie’s has a physical presence in 46 countries, throughout the Americas, Europe, Middle East, and Asia Pacific, with flagship international sales hubs in New York, London, Hong Kong, Paris and Geneva. It also is the only international auction house authorized to hold sales in mainland China (Shanghai).

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