Sotheby’s Jewels Auction an Explosion of Color

jade auctionSotheby’s Hong Kong will hold its Magnificent Jewels and Jadeite Spring Sale 2012 on April 3 at the Hong Kong Convention and Exhibition Centre. Many important and extremely rare blue and pink diamonds, Colombian emeralds, Burmese rubies and Kashmir sapphires, natural pearls and exquisite jadeite jewelry mark this auction, which altogether includes 358 lots and a total presale estimate of $75 million to $92 million (HKD 587 million to HKD 717 million).

Quek Chin Yeow, the deputy chairman and head of the jewelry department for Sotheby’s Asia, said, ”With the new per-carat record price for blue diamonds in hand, Sotheby’s Hong Kong has had a track record of being the auction house of choice for selling top vivid blue diamonds.”

The Hong Kong sale is led by an 8.01-carat, VVS1, emerald-cut fancy vivid blue diamond and diamond ring with a presale estimate of $11.5 million to $14 million. Sotheby’s stated this was the largest vivid blue, emerald cut to appear at auction for a number of years.

A second magnificent piece is a pear-shaped, double rose-cut, 5.00-carat, fancy vivid blue diamond ring with pink and white diamonds. The blue diamond was formed entirely by triangular facets, which gives it a subtle brilliance for an antique stone. While the rose cut is more common in white diamonds, it is increasingly fashionable and sought-after in colored diamonds, Sotheby’s determined. This lot carries a presale estimate of $4 million to $4.5 million.

The sale features two important pink diamonds, one of which is a 5.03-carat, pear-shaped, fancy vivid pink diamond ring with a presale estimate of $5.4 million to $6.7 million. A second is a 3.28-carat, pear-shaped internally flawless, fancy vivid pink diamond ring with a presale estimate of $2.8 million to $3.6 million.

Sotheby’s will auction an 18.11-carat, D,F, type IIa, brilliant-cut loose diamond (pictured above) with a presale estimate of $3.4 million to $3.85 million, and a 14.12-carat, type IIa, Moval-shaped Golconda, D,IF diamond ring with a presale estimate of $2 million to $2.5 million.

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