Courtesy Christie’s

120 ct. Burmese ruby and diamond necklace by Etcetera

The June 2 Christie’s Hong Kong Magnificent Jewels sale garnered nearly $118 million, setting a record for the most valuable jewelry auction ever held in Asia. 

Three pieces broke world records during the auction: A 120 ct. Burmese ruby and diamond necklace by Etcetera sold for $13 million, setting a world auction record for a ruby necklace; a jadeite cabochon pendant sold for $5.7 million, setting a world record price for a single jadeite cabochon; and a 10.33 ct. circular-cut Kashmir sapphire sold for $2.5 million, setting a world auction record for price-per-carat for a sapphire. 

“Collectors were mesmerized all through the day, bidding in any increment and for as long as it took to try and acquire anything at the sale,” said Vickie Sek, director of jewelry for Christie’s Asia. 

Full results are available here. 

JCK