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  • Press release
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  • Hong Kong
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  • For immediate release
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  • 9 July 2020

RESULTS | Hong Kong MAGNIFICENT JEWELS July Auction ACHIEVED US$39.8 Million / HK$306,610,000 

ContinuING Christie’s leadership IN offering the finest quality coloured diamonds AND GEMSTONES at auction

Sold by Lot: 82% | Sold by Value: 92%

Top Lot of the Sale

12.11 Carat Fancy Intense Blue/IF Diamond Ring

Price Realised: HK$122,385,000/ US$15.9 million

Hong Kong – On 9th July, Christie’s Magnificent Jewels auction totaled HK$306,610,000 / US$39.8 million.

The top lot of the sale was a 12.11 Carat Fancy Intense Blue/IF Diamond Ring, which realised HK$122,385,000 / US$15.9 million, (price per carat of US$1.31 million), sold after more than 15 minutes of spirited bidding.

Vickie Sek, Chairman, Jewellery Asia Pacific, commented “Collectors from 14 countries and 5 continents around the world bid enthusiastically for some of the most coveted jewels offered at Christie’s Hong Kong today, achieving strong prices for top quality coloured diamonds, jadeite and rubies. The top lot, a 12 carat fancy intense blue diamond was contested for by many collectors and achieved a superb US$15.9m. This exceptional result reflects the robust global demand in the market, and continues our leadership in offering the finest coloured diamonds at auction.”

19.53 Carats Burmese Star Ruby Pendant Necklace, EtceteraPrice Realised: HK$20,525,000 / US$2.66 million

19.53 Carats Burmese Star Ruby Pendant Necklace, Etcetera

Price Realised: HK$20,525,000 / US$2.66 million

Jadeite, Ruby and Diamond EarringsPrice Realised: HK$9,965,000 / US$1.29 millionAgainst its pre-sale low estimate of HK$3,800,000 / US$493,000

Jadeite, Ruby and Diamond Earrings

Price Realised: HK$9,965,000 / US$1.29 million

Against its pre-sale low estimate of HK$3,800,000 / US$493,000

About Christie’s

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).

Christie’s auctions span more than 80 art and luxury categories, at price points ranging from $200 to over $100 million. In recent years, Christie’s has achieved the world record price for an artwork at auction (Leonardo da Vinci’s Salvador Mundi, 2017), for a 20th century artwork (Andy Warhol’s Shot Sage Blue Marilyn2022), for a single charitable collection sale (the Collection of Peggy and David Rockefeller, 2018), and for a work by a living artist (Jeff Koons’ Rabbit, 2019).

Christie’s Private Sales offers a seamless service for buying and selling art, jewellery and watches outside of the auction calendar, working exclusively with Christie’s specialists at a client’s individual pace.

Recent innovations at Christie’s include the groundbreaking sale of the first NFT for a digital work of art ever offered at a major auction house (Beeple’s Everydays, March 2021), with the unprecedented acceptance of cryptocurrency as a means of payment. As an industry leader in digital innovation, Christie’s also continues to pioneer new technologies that are redefining the business of art, including use of hologram technology to tour life-size 3D objects around the world, and the the creation of viewing and bidding experiences that integrate augmented reality, global livestreaming, buy-now channels, and hybrid sales formats. 

Christie’s is dedicated to advancing responsible culture throughout its business and communities worldwide, including achieving sustainability through net zero carbon emissions by 2030, and actively using its platform in the art world to amplify under-represented voices and support positive change.

Browse, bid, discover, and join us for the best of art and luxury at: www.christies.com or by downloading Christie’s apps. The COVID-related re-opening status of our global locations is available here.