Christie's Hong Kong Spring Sale of magnificent jewels totaled US$33 million and was 90% sold by lot, 95% sold by value, the auction house announced yesterday.



The top lot of the day was a diamond pendant set with pear-shaped D color, flawless type IIa diamonds of 20.70 cts and 10.02 cts that sold for $3,328,182.



“The May 26th Hong Kong Jewellery auction reaffirmed the unquestionable health and strength of the diamond market with as much as US$111,000 per carat paid for a perfect rectangular-cut diamond of 15.02 cts,” Christie’s said in a statement.



“The 95% sell through rate is further proof of the enthusiasm of Asian collectors for fine gems as well as quality jewels. A packed saleroom with competitive bidding resulted in almost half of the lots exceeding their high estimates,” Vickie Sek, Director of the Jewelry and Jadeite Department, Christie’s Asia, said