Sotheby’s HK Jewelry Auction Fetches $3.5M

Hong Kong: Sotheby’s sold $3.5 million (HKD 26.8 million) worth of jewelry at its Important Jewels and Jadeite auction in Hong Kong on Tuesday.

The auction was sold 56 percent by lot and 37 percent by value, Sotheby’s said. It was led by an early 20th-century gem-set and diamond dragon bracelet, which fetched $266,000 (HKD 2.1 million), beating its pre-sale estimate of $82,528 to $103,160. The piece contained about 5 carats of rubies and 1.40 carats of diamonds.

A brilliant-cut round, 6.01-carat, D-color, internally flawless diamond did not sell, after having been estimated at $515,800 to $567,380, or up to $94,406 per carat.

  • Sotheby’s HK Jewelry Auction Fetches $3.5M