Two ultra-rare bangles steal the show at Sotheby’s Hong Kong
Two breathtaking bangles, each representing in their very own way the pinnacle of bracelet design, stole the show at Sotheby’s Hong Kong yesterday:
• A diamond and rock crystal bracelet combining the legendary artistry and craftsmanship of Cartier with a phenomenal 63.66-carat pear-shaped internally flawless white diamond, sold for HK$46,877,000 / US$6,036,350.
• A sensational jadeite bangle weighing 277.673 carats and described by the SSEF laboratory as “a true treasure of nature” achieved HK$30,425,000 / US$3,917,830. The bangle carries a subtle range of green to vivid green colours that is characteristic of the finest green jadeite-jade from Burma (Myanmar).
The two pieces were offered in the ‘Magnificent Jewels’ sale which totalled HK$418,588,600 / US$53,901,650, with 62 % of the bidders participating online. This auction was presented in Sotheby’s new innovative format, a hybrid of online advance bidding culminating in the drama of a live auction, with 50% of the lots offered receiving advanced online bids.
Other highlights in today’s sale included:
A 39.88-carat emerald-cut D colour, Flawless, Type IIa unmounted diamond sold for HK$28,005,000 / US$3,606,204, confirming the appetite of the market for large high-quality diamonds. (N.B. last week, a 41.50-carat D color, Flawless, Type IIa round diamond sold for $4.9 million at Sotheby’s New York).
In addition to the sensational jadeite bangle mentioned above, jadeite pieces generated a lot of interest in the sale. A unique jadeite bead, diamond and ruby necklace, composed of 47 slightly graduated intense green jadeite beads achieved HK$23,407,000 ($3,014,119) and a pair of imperial green jadeite earrings soared to HK$6,951,000 / US$895,080 – a record for a cabochon ‘Imperial Green’ Jadeite (price per carat: US$35,101), marking this as the highest value lot sold to an online buyer in the sale.
VR Sunil Gohil