News Bureau

July 13, 2020

Sotheby’s Magnificent Jewels earns US$56 mn

By Sotheby's Magnificent Jewels auction results are clear indications that the appetite for top-quality jewels in Asia remains undiminished. The hottest color diamonds in the most romantic of cuts and settings proved irresistible, with the pair of fancy vivid pink and blue rings taking top billing as the stars of the show, while ‘imperial jadeite’ attracted strong interest from international collectors.

For a couple of years now, young and established collectors in the region have shown a growing interest in jewels with a royal connection and steeped in European history, and this was confirmed today, as they faced fierce competition from bidders around the world for Princess Margaret’s 21st birthday bracelet.

This spring we have seen resilience in the jewelry market, as collectors demonstrate their eagerness to transact with us in both new and traditional ways.

Sotheby’s auction led by two exceptionally rare fancy vivid colored diamonds of 5.04 Carat Fancy Vivid Blue Diamond Ring; Type IIb achieves HK$81,796,000 / US$10,554,138. The diamond presented from an important private collection, this blue heart-shaped diamond certainly lives up to this top accolade of Fancy Vivid Blue, possessing a rich and undeniable blue hue reminiscent of the azure sky and alluring ocean, and is truly an exquisite display of nature’s finest.

Another diamond of 4.49 Carat Fancy Vivid Pink Diamond, Internally Flawless, sells for HK$63,002,500 / US$8,129,213. This Fancy Vivid pink diamond is internally flawless, sitting at 4.49 carats of pure rarity. Embracing the most idyllic hue, tone, and saturation, the spectacularly attractive pink color is unparalleled, a treasure that beholds the most enchanting charisma.

Princess Margaret’s 21st birthday antique diamond and enamel bracelet of Garrard & Co remained key attraction and that sells for HK$1,625,000 / US$209,674. This bracelet signed by Garrard, the London-based jeweler to the British crown, was a gift bestowed upon Princess Margaret on her 21st birthday.

Princess Margaret was spotted wearing the bracelet many times in public, indicating her affinity for the piece. Later in life Princess Margaret re-mounted some of her older jewels into modern designs, just as Queen Victoria had done in the past. However, this diamond bracelet was kept in its original antique setting.

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