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Monday, October 7, 2013

Sotheby's Hong Kong / World Auction Record for Any White Diamond Set in Magnificent Jewels & Jadeite Sale - 7 October 2013

Sotheby’s 40th Anniversary in Hong Kong continued today with the auction of Magnificent Jewels and Jadeite Sale, which concluded with stunning results. A 118.28-carat Oval D-Colour Flawless Diamond fetched HK$238.68 million / US$30.6 million (Est. HK$220 – 280 million / US$28 – 35 million) and set World Record for any White Diamond at Auction in addition to being the Largest White Diamond Ever Sold at Auction. The sale total of HK$744,693,750 / US$95,473,557 (total estimate in excess of HK$900 million / US$110 million) set the Highest Ever Total for a Jewellery Sale in Asia. 

The top two jadeite lots were highly contested for by several Asian collectors, resulting in excellent prices, particularly the double-strand jadeite bead necklace which sold for HK$42.68 million / US$5,471,795. Overall the auction was very well attended with many bidders on the phone from all over Asia and beyond.

*Estimates do not include buyer’s premium



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