Wednesday, June 2, 2010

Jewellery at Auction at Hong Kong

A Cartie bracelet mounted with 9 sapphires was auctioned for $6.9 million in Hong Kong, which is 800% more than 1988.  The total weight of stones is 50 carats, costing $140000 per carat which is just $5000 per carat less than the record price. 5 carats make 1 gram. The sapphires on it have more saturated colour. 

Due to Chinese buyers, Hong kong has become Christie;s biggest gem market, keeping Geneva and New York behind. Jewellery by Carties is consistently beat estimates.

For Jewellery products, one must first love and appreciate the piece. 

Coloured stones won more prices at this Asia auction than previous ones beating diamonds which were sold at lower prices. A 6.14 carat white diamond of flawless clarity and the fifth ranked colour of H sold for HK$1.16 million against its market price of HK$1.5 million.

A heart-shaped fancy-vivid blue diamond of 5.01 carats sold at HK$36.5 milion, pair of diamond earrings fetched HK$34 million and a necklace with 51 vitreous jadeite beads fetched HK$56.7 million. The presale estimation of necklace was of HK$80 million.

The gems market has calmed down from its peak in December. 

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