Monday, April 13, 2009

Sotheby’s Hong Kong Jewels Sale Garners $16M

Strong demand for larger diamonds of 5 to 15 carats helped Sotheby’s generate $16 million in sales at its magnificent jewels and jadeite auction in Hong Kong. The auction was sold 67.6 percent by lot. The top lot was a pair of very fine, marquise-shaped D color flawless diamond earrings, weighing a total of 16.58 carats, which sold for $1.7 million. The second lot was a pear-shaped, 13.53-carat D color flawless loose diamond, which sold for $1.5 million. The headlining lot and a number of high-value jadeite lots, however, failed to sell.

Source: Rapaport TradeWire 4/10/2009

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