A sapphire and diamond necklace by Bulgari was the top seller at the recent Jewels & Jadeite auction from Phillips in Hong Kong.
The piece, set with a cushion-shaped, 118.35-carat sapphire and diamonds, brought in $3.4 million, within its estimate, Phillips said Tuesday. In total, the May 23 auction garnered $7.5 million, with 91% of goods on offer selling.
“The Jewels & Jadeite auction this season saw strong demand,” said Benoît Repellin, worldwide head of jewelry at Phillips. “The auction witnessed an unprecedented level of online participation, with half of the lots being sold to online bidders.”
Other pieces in the top 10 that saw strong sales included a 6.26-carat sapphire and diamond ring by Jean Shlumberger for Tiffany & Co., which fetched $421,665, surpassing its $360,000 upper estimate. A pink gold, pink sapphire and diamond Zip necklace by Van Cleef & Arpels also beat its $250,000 high price tag, achieving $421,665. Meanwhile, a 5.01-carat Burmese ruby and diamond ring sold for $389,230, above its $244,000 to $359,000 presale price range.
Image: The Bulgari necklace. (Phillips)