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29.53-carat diamond ring topbills HK sale

5 December 2018


A 29.53-carat D-colour Type IIA IF diamond ring

An 8.06-carat Burmese Pigeon’s Blood ruby and diamond ring

Tiancheng International’s Jewellery and Jadeite Autumn Auction 2018 in Hong Kong

 

An exceptional 29.53-carat D-colour Type IIA IF diamond ring was the star of Tiancheng International’s Jewellery and Jadeite Autumn Auction 2018 in Hong Kong, selling for HK$27 million (around US$3.46 million).

“Apart from the most desirable colour and clarity grading, this magnificent Type IIA diamond also boasts the highest chemical purity and transparency. Meticulously cut into a classy pear shape, the centre stone is flanked by two heart-shaped diamonds totalling approximately 2.85 carats, making it the epitome of rarity and refinement,” the auction house said.

Total sales reached more than HK$125 million (around US$16.03 million).

Another highlight was an 8.06-carat natural unheated Burmese Mogok Pigeon’s Blood ruby and diamond ring, which fetched HK$16.32 million (around US$2.09 million).

Jadeite pieces were likewise keenly coveted, achieving a sold rate of over 90 percent. The successful lots included a jadeite “Guanyin” and diamond pendant, which sold for HK$14.4 million (around US$1.85 million); and a jadeite and diamond necklace, which was snapped up for HK$12.6 million (around US$1.61 million).

Wang Jie, managing director of Tiancheng International and Connie Huang, specialist of Tiancheng International’s Jewellery Department, commented, “The strong prices achieved for top-quality diamonds and coloured gemstones illustrated the robust demand for precious jewellery.”