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
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.”
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. Christie’s has sold 8 of the 10 most important single-owner collections in history, including the Paul G. Allen Collection—the most valuable collection ever offered at auction (November 2022). In recent years, Christie’s has achieved the world record price for an artwork at auction (Leonardo da Vinci’s Salvator Mundi, 2017), for a 20th century artwork (Andy Warhol’s Shot Sage Blue Marilyn, 2022) 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 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 by reducing our carbon emissions by 50% and pledging to be net zero by 2030, and actively using its platform in the art world to amplify under-represented voices and support positive change.
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