The announcement coincided with its full-year results, with growth driven by its jewelry brands.
The 3-Carat ‘Bubble Gum Pink’ Diamond Sold for $7.5M
Set in a ring by Moussaieff, it was the top lot of Christie’s jewelry auction in Hong Kong.
Hong Kong—A 3.44-carat fancy vivid purplish-pink diamond proved to be as popular with bidders as it was online ahead of Christie’s Magnificent Jewels sale in Hong Kong.
The auction house estimated the “Bubble Gum Pink,” set in a ring by Moussaieff and surrounded by pear-shaped pink and marquise-cut white diamonds, would sell for $6-$8 million. On Tuesday, a bidder paid $7.5 million for the piece.
Christie’s Hong Kong jewelry auction comprised more than 260 lots of rare jewels, including exceptional gems and signed pieces from jewelry’s biggest houses.
Also topping its list of best-performing lots were the “Grand Muzos” earrings pictured below.
The jadeite necklace below, featuring 47 jadeite beads of approximately 13.3 to 9.8 mm, an oval-cut ruby, and baguette and circular-cut diamonds, garnered $1.9 million.
Meanwhile, the Bulgari necklace pictured below—set with a 11.69-carat pear-shaped F, IF diamond and a 1.02-carat fancy vivid green-blue diamond—fell within its pre-sale estimate range when it sold for $1.6 million.
A pair of classic round brilliant-cut flawless, Type II, D color diamond studs, weighing 6.71 and 6.31 carats, also fell in the tops lots when they went for approximately $1.4 million.
Meanwhile, a 26.41-carat Kashmir no-heat sapphire brooch expected to go for between $4 million and $6.5 million failed to sell at the auction, as did a diamond ring featuring a 16.44-carat cut-cornered rectangular diamond accented with circular-cut diamonds set in gold, expected to sell for between $1.2 million and $1.9 million, and a 12.87-carat sapphire and diamond ring by Tabbah expected to garner as much as $2.3 million.
The Christie’s Hong Kong Magnificent Jewels auction totaled $44.4 million. For a full view of the results, visit Christies.com.
The Latest
Looking ahead, the retailer said it sees “enormous potential” in Roberto Coin’s ability to boost its branded jewelry business.
Jewelry trade show veterans share strategies for engaging buyers, managing your time effectively, and packing the right shoes.
Despite the rising prices, consumers continue to seek out the precious metal.
Despite the absence of “The Allnatt,” Sotheby’s Geneva jewelry auction totaled $34 million, with 90 percent of lots sold.
Lilian Raji gives advice to designers on how to make the most of great publicity opportunities.
The mining company wants to divest its 70 percent holding in the Mothae Diamond Mine in an effort to streamline its portfolio.
Tradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
Why do so many jewelers keep lines that are not selling? Peter Smith thinks the answer lies in these two behavioral principles.
The “Argyle Phoenix” sold for more than $4 million at the auction house’s second jewels sale.
The annual list recognizes young professionals making an impact in jewelry retail.
Owner David Mann is heading into retirement.
While overall sales were sluggish, the retailer said its non-bridal fine jewelry was a popular choice for Valentine’s Day.
The mining giant also wants to offload its platinum business as part of an overhaul designed to “unlock significant value.”
Christie's is selling one of the diamonds, moving forward with its Geneva jewelry auction despite the cyberattack that took down its website.
The ad aims to position platinum jewelry as ideal for everyday wear.
Retailers can customize and print the appraisal brochures from their store.
The move follows a price-drop test run in Q4 and comes with the addition of a “quality assurance card” from GIA for some loose diamonds.
The site has been down since Thursday evening, just ahead of its spring auctions.
The late former U.S. Secretary’s collection went for quadruple the sale’s pre-sale estimate.
Three fifth graders’ winning designs were turned into custom jewelry pieces in time for Mother’s Day.
Kimberly Adams Russell is taking over the role from her father, David Adams, marking the third generation to hold the title.
As a token of womanhood, this necklace depicts when Venus was born from the sea.
The deal gives the retailer control over the distribution of Roberto Coin jewelry in the U.S., Canada, Caribbean, and Central America.
Show your mother some love with a piece of fine jewelry.
The company’s Easton location will remain open.
Brian D. Fleming of Carla Corporation was elected to serve a one-year term in the role.