In Hong Kong the Sotheby’s auction in the sign of rubies and diamonds, the jade flop ♦ ︎
There are no longer the seasons of the past and not even the collectors of the past. Sotheby’s top lot at the Hong Kong auction, the perfect Circle of Heaven jade bracelet, did not find a buyer at the Magnificent Jewels auction, which totaled $ 48.6 million. The bracelet was valued at between 10.2 and 12.8 million dollars, but did not reach the minimum required. And to say that, according to Chinese tradition, jade is the “stone of paradise” which, together with the circular shape, provided the bracelet with a patent of perfection. The initial estimate is too high, obviously.
But it was not the only auction flop. A diamond of brilliant color, impeccable, of 17,63 carats, estimated at 2,8 million, was unsold, as a Cartier ring with a 14.72 carat brilliant cut Colombian emerald and brilliant cut diamonds (estimate up to 1.4 million) and even a ring with a 14.18 carat fancy blue diamond surrounded by rose diamonds, estimated at between 5.9 and 7.6 million dollars.
But of course, there were also jewels sold well. The most quoted was found to be a ring with a Burmese cut-cushion ruby weighing 24.70 carats, set in a pear-shaped diamond outline. And with a stem covered with a pavé of brilliant cut pink diamonds. It was sold for 11 million, as expected. In second place for value, there are a pair of pear cut diamond earrings sold for 3 million dollars, while a ring with fancy yellow 30.16 carat diamond has totaled 2.8 million and a pink-violet diamond-cut cushion of 5 carats was awarded for 2.5 million. Finally, a ring with a vivid yellow-orange diamond with an emerald cut of 10.30 carats, set between two tapered baguette diamonds, found a buyer for 1.4 million. Federico Graglia