Christie’s Hong Kong presented Magnificent Jewels & the Pink Supreme in a live auction, which achieved a sale total of US$63,333,998, demonstrating the strength of the market in Asia for the category. The sale’s diverse curation of coloured and colourless diamonds, jade, and creations from renowned jewellery houses resulted in an exceptional hammer price of 96% against the pre-sale estimate.
The sale was led by The Pink Supreme, a 15.48 carat Fancy Intense Pink Internally Flawless Type Ila Diamond- which realised HK$83,875,000 / US$10,810,322 that is the price per carat of HK$5,418,282 / US$700,000 and continues Christie’s strong track record in offering the rarest exquisite coloured diamonds.
In 2023, Luxury sales at Christie’s Asia have achieved a running total of HK$2.15 billion (US$277 million). The Hong Kong Autumn Auctions spanning Jewellery, Watches, Handbags, and Wine, realised a market-leading HK$822,157,000 / US$105,964,609, with an exceptional overall sell-through rate of 91% by lot.
These remarkable results reflect the appeal of Christie’s sale curation and astute pricing strategy for the market in the region, significantly driven by digital participation and an influx of new and younger buyers.
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Heera Zhaveraat (HZ International) A Diamond, Watch and Jewellery Trade Promotion Magazine provide dealers and manufactures with the key analytical information they need to succeed in the luxury industry. Pricing, availability and market information in the Magazine provides a critical edge.
