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Kashmir sapphire necklace nets record price at auction

29 November 2018

The Peacock Necklace

The Moon of Baroda


An exceptional necklace adorned with 109.08 carats of Kashmir royal blue sapphires and diamonds fetched HK$116.53 million or US$15 million at Christie’s Magnificent Jewels auction in Hong Kong.

The Peacock Necklace achieved a per carat price of HK$1.06 million or US$137,146 – setting a world auction record for a Kashmir sapphire necklace.

Other auction favourites were the Moon of Baroda, a 24.04-carat fancy yellow VS2 diamond necklace, which sold for HK$10.3 million (around US$1.32 million); a black and white autographed photograph with frame of Marilyn Monroe wearing the Moon of Baroda, which was snapped up HK$275,000 (around US$35,302); and a jadeite bead and coloured sapphire necklace, which achieved HK$ 22.3 million (around US$2.86 million).

Vickie Sek, chairman, Jewellery Asia, commented, “International collectors from 18 countries participated across the board at our jewellery sale with three active bidders on the Peacock Necklace, which ultimately achieved a world auction record price. Five clients bid on the Moon of Baroda diamond, famously worn by Marilyn Monroe for the promotion of Gentlemen Prefer Blondes in 1953 and a jadeite bead necklace almost tripled its low estimate.”