Sotheby’s Hong Kong has announced the holding of its Magnificent Jewels and Jadeite Spring Sale for 2017, on April 4, at the Hong Kong Convention and Exhibition Centre, the sale being led by one of the world’s great natural treasurers, the 59.60-carat, oval mixed-cut “PINK STAR”diamond, the largest Internally Flawless, Fancy Vivid Pink diamond ever graded by the Gemological Institute of America (GIA), estimated in excess of US$60 million/HK$468 million. Apart from the “Pink Star” diamond a total of 196 other jewelry lots will be on offer at the sale featuring rare and exquisite design masterpieces, alongside works by legendary jewelry makers, such as Bulgari, Cartier, Mauboussin, Van Cleef & Arpels, David Webb and Harry Winston. These lots vary in estimate from as low as HKD 30,000/USD 3,866 to a high of HKD 40,000,000/USD 5,155,200. and include a variety of jewelry such as bracelets, brooches, earrings and ear-clips, necklaces, pendants, rings and an Art Deco Mystery Clock by Cartier. The variety of gemstones incorporated in these lots include, colorless and colored diamonds, colored stones such as emeralds, jadeite, rubies, sapphires etc., and natural and cultured pearls.
Announcing the sale of the “Pink Star”diamond, worldwide chairman of Sotheby’s Jewelry Division, Davit Bennett, said, “At a time of unprecedented demand for the finest in colored diamonds, I am delighted to be bringing this magnificent stone back to the market. The extraordinary size of this 59.60-carat diamond, paired with its richness of color, surpasses any known pink diamond recorded in history.”
QUEK Chin Yeow, Deputy Chairman, Asia, and Chairman International Jewellery, Asia, said, “Over the years Sotheby’s Hong Kong has played host to many outstanding stones and sales; including the 118.28-carat oval D-color flawless diamond sold in Oct 2013, the still-current world auction record for any white diamond, as well as the fancy vivid blue 10.10-carat De Beers Millennium Jewel 4, which set a record for any jewel sold at auction in Asia in April 2016. The market for the world’s finest diamonds and gemstones remain buoyant and Sotheby’s Hong Kong, is honored to present at auction, the “Pink Star” this spring, following these world records.”
The 59.60-carat, “Pink Star” diamond previously known as the “Steinmetz Pink” diamond was cut and polished by master cutters of the Steinmetz Group in 2003, from a rough stone weighing 132.5 carats, mined by De Beers from an unidentified African mine in 1999, and subsequently acquired by the Steinmetz Group. The finished diamond was unveiled in Monaco on May 29, 2003, at a public ceremony, and was briefly worn around the neck of super-model Helena Christensen. The “Steinmetz Pink” diamond was exhibited at the “Splendor of diamonds” Exhibition held at the Smithsonian’s National Museum of Natural History, in Washington D.C. between June 27th and September 30th, 2003. It was again put on display at the “Diamonds” exhibition, held at the Natural History Museum in London, between 8th July 2005 and 26th February 2006.
The “Steinmetz Pink” diamond was first sold to an anonymous buyer for an undisclosed sum, by a privately negotiated sale by its owners the Steinmetz Group in the year 2007. The new anonymous owner of the diamond renamed the diamond, the “Pink Star” diamond. The anonymous owner of the “Pink Star” diamond entrusted the auction house Sotheby’s to sell the diamond at its Geneva “Magnificent Jewels Sale” that was held on November 13, 2013. A pre-sale estimate of US$ 60 million was placed on the “Pink Star” diamond, which was widely expected to be surpassed at the auction, given the unprecedented demand for high-quality pink diamonds at that time, and the fact that a pink diamond of lesser color grade – fancy intense pink – and less than half the weight of the “Pink Star” diamond, viz. the 24.78-carat, fancy intense pink “Graff Pink” diamond – registered a record price of US$ 46 million at a Sotheby’s auction also held in Geneva in November 2010. The final hammer price did indeed surpass the estimated US$ 60 million and the “Pink Star” diamond sold for an unprecedented US$ 83 million at the Sotheby’s Geneva auction on November 13, 2013, the highest ever price realized by any jewel at a public auction. However, not long after the sale it was reported that the consortium of buyers, led by diamond cutter Isaac Wolf, who successfully bid for the diamond at the auction, reneged on the purchase, which was confirmed by Sotheby’s in February 2014, which stated in its annual report that the diamond was still part of its inventory, and valued at US$ 72 million. It is believed that the auction house had bought back the diamond from its owner/seller as it had guaranteed that price to the anonymous owner/seller of the diamond.
Sotheby’s announced in June 2016, that it has entered into a partnership with two other firms for the diamond, viz. Diacore Group of Companies Ltd. (formerly Steinmetz Group of Companies Ltd.) and Mellen Inc. Diacore, is a multinational company, with diversified interests in the diamond industry, as a supplier of rough and polished diamonds to customers around the world and manufacturing facilities in Botswana, South Africa, Namibia and New York, renowned for crafting rare, exceptional diamonds as well as unique high- end jewelry. The 203.04-carat De Beers “Millennium Star” diamond and the magnificent 59.60 carat, flawless fancy vivid pink “Pink Star” diamond are both creations of Diacore. Mellen Inc. is a third generation, family-run private jeweler based in New York.
Sotheby’s on behalf of the two investors on the Pink Star diamond and on its own behalf, is putting up the 59.60 carat, internally flawless, fancy vivid pink, oval mixed-cut diamond for sale again at its Hong Kong Magnificent Jewels and Jadeite Spring Sale coming up on April 04, 2017. Currently, the most valuable diamond ever sold at a public auction is the 14.62-carat “Oppenheimer Blue” diamond, which fetched a record-breaking price of US$57.5 million at a Christie’s Geneva Sale held on May 18, 2016. However, given the fact that the “Pink Star” diamond is more than double the weight of the 24.78-carat “Graff Pink” diamond, which set the world record price of US$ 46 million for a pink diamond ever sold at an auction, at a Sotheby’s auction in Geneva in November 2010 and even has a better color-grade of fancy vivid than the said diamond, while at the same time having a clarity-grade of Internally Flawless, it might not be surprising if the “Pink Star” diamond not only sets a new world record for a pink diamond sold at an auction but also a new world record for any diamond/gemstone or for that matter any single jewel sold at an auction.
CARTIER’S ART DECO 1928 MYSTERY CLOCK – MAGICAL MESSENGER OF MYSTERY – LE CIEL
Lot 1790 – “Superb and Rare Art Deco Gem Set and Diamond Mystery Clock, ‘Le Ciel’, Cartier, 1928” – is among the top ten highlights of the sale based on pre-sale estimates, with an estimate of HKD 10,500,000 – 14,000,000 (USD 1,353,240 – 1,804,320). The lot represents the epitome of Art Deco’s most creative period and the quintessence of Cartier’s clock making. Cartier’s mystery clock special collection was produced between 1922 and 1931, and only thirteen clocks from the collection are still known to exist, the ‘Le Ciel’ Mystery Clock being one of them. The “Le Ciel” Mystery Clock created in 1928, has a circular celestial dial with mother-of-pearl and enamel roman numerals and star hour markers, further embellished with rose-cut diamond comet hands and collet-set diamonds. against a blue glass background representing the midnight sky. The edge of the clock is lined with black onyx and corals. The clock rests on two carved light green jade carps, accented by moonstones on the body of the carp, and orange corals depicting its fins, highlighted by black enamel. The jade carps supporting the mystery clock rests on a white rock crystal and black obsidian pedestal, representing a fountain.
Embracing the wondrous orbit of the planets, the design of the “Le Ciel” Mystery Clock is saturated with symbolism. The celestial dial, embellished with bejeweled shooting stars and planets, depict the majesty of the midnight sky as the diamond-set comet hands celebrate the mystical planetary cycle. The dial is supported by a pair of two antique jade carps resting on an everlasting fountain. The elements of the sky and water are seamlessly perfected in harmony represented by the adornments of the fish, through the adularescence of the moonstone and the beauty of carved coral. In Chinese culture, carps symbolize strength and power and abundance. Exemplifying freedom and vitality, the combination of fish and water has enraptured Chinese art since antiquity.
The clock of dimensions 14 x 22 cm is signed “Cartier Paris Londres New York” at the bottom, and numbered 0763 1387 3266, with partial French assay marks. Manual winding movement of the clock is still in running condition, and a winding key accompanies the clock.
OTHER COLORED DIAMOND HIGHLIGHTS
Among the other colored diamond highlights of the sale are lots 1784 and 1786.
Lot 1784 – “Very Fine Fancy Intense Blue Diamond and Diamond Ring.” with a pre-sale estimate of HKD 30,000,000 – 40,000,000 (USD 3,866,400 – 5,155,200) is another colored diamond highlight of the sale. The size 5¼ white gold ring is set with a square emerald-cut, Internally Flawless, fancy intense blue diamond weighing 3.13 carats, flanked by two step-cut colorless diamonds. Circular-cut colorless diamonds are set as accent stones on the shank of the ring. GIA report number 10095242 accompanying the lot, dated 13 December, 2016, states that the 3.13 carat diamond is natural, Fancy Intense Blue Colour and Internally Flawless. Diamond type classification report accompanying the lot states that the diamond has been determined to be Type IIb. Estimated total weight of colorless diamonds approximately 2.50 carats, color-grade F to G color, and clarity grade VS, as gauged and graded in the mounting.
Lot 1786, titled “Fancy Intense Purple-Pink Diamond and Diamond Ring,” has a pre-sale estimate of HKD 18,000,000 – 25,000,000 (USD 2,319,840 – 3,222,000) placed on it. The size 6, platinum and 18k white gold ring is set with a heart-shaped, fancy intense purplish-pink, 3.30-carat diamond as its centerpiece, highlighted by a row of circular-cut, colorless diamonds. Circular-cut diamonds also mounted as accent stones on the shank of the ring. GIA report number 13456158, dated 23 March, 2007, accompanying the lot states that the 3.30 carat heart-shaped diamond is natural, Fancy Intense Purple-Pink Colour and VVS2 Clarity. Estimated total weight of colorless diamonds approximately 0.70 carat, average color-grade G and average clarity-grade VS, as gauged and graded in the mounting.
COLORLESS DIAMOND HIGHLIGHTS
Some of the colorless diamond highlights include lots 1785 and 1789
Lot 1785 – An “Important Pair of Unmounted Diamonds” is the top lot among colorless diamonds with a pre-sale estimate of HKD 23,000,000 – 28,000,000 (USD 2,964,240 – 3,608,640). The lot consists of two perfectly matching, round brilliant-cut, D-color/top color, Flawless diamonds of excellent cut, polish and symmetry, weighing respectively 12.26 and 12.03 carats, certified by two GIA reports bearing numbers 1176371794 and 1172762514 and dated 18 July 2016 and 3 October 2016 respectively. Two diamond type classification letters accompanying the lot state that the diamonds are Type IIa, which confirms the D-color status of the two diamonds.
Lot 1789 titled “Important Diamond Ring, Cartier,” is another colorless diamond highlight with a pre-sale estimate of HKD 12,000,000 – 20,000,000 (USD 1,546,560 – 2,577,600). The size 5, platinum ring signed Cartier and numbered 865062 and stamped 950pt for platinum mounting, is set with a rectangular emerald-cut, D-Color, Internally Flawless diamond weighing 17.05 carats, certified by a GIA report numbered 10885925 and dated 19 July 2016 and accompanied by a working diagram indicating that the diamond is potentially Flawless. A diamond type classification report accompanying the diamond states that the diamond is Type IIa, which confirms the D-color status of the diamond.
Lots 1779 and 1700 are two of the important jadeite highlights.
Lot 1779 – “Important Jadeite and Diamond Demi-Parure,” with a pre-sale estimate of HKD 20,000,000 – 30,000,000 (USD 2,577,600 – 3,866,400) is the top jadeite lot of the sale. The demi-parure consists of a necklace and a pair of earrings.
The 45 cm (17.7 in), 18k white gold “Princess” length necklace consists of seven highly translucent oval jadeite cabochons of brilliant emerald green color, five of which are symmetrically claw-set in the front lower end of the necklace, separated by two claw-set round brilliant-cut colorless diamonds and the other two set vertically below the central jadeite, separated by a single circular-cut diamond, forming a pendant. The rear half of the necklace is claw-set with graduated round brilliant-cut colorless diamonds, gradually decreasing in size towards the rear. The secure clasp behind is claw-set with round brilliant-cut diamonds. The dimensions of the seven jadeite cabochons vary between 16.92 x 14.84 x 4.02 mm and 20.25 x 17.16 x 8.82 mm. Estimated total weight of diamonds approximately 26.00 carats, average color-grade E-Color, and average clarity-grade VS, as gauged and graded in the mount. Lot accompanied by two certificate issued by the Hong Kong Jade & Stone Laboratory and numbered KJ 94770 and KJ 94771.
Each of the matching pair of earrings also made of 18k white gold is claw-set with a highly translucent oval jadeite cabochon, with a brilliant emerald-green color and a single round brilliant-cut colorless diamond. Dimensions of the two matching jadeite cabochons on the earrings are 16.40 x 14.25 x 5.96 mm and 16.21 x 14.31 x 6.01 mm.
Lot 1700, the jadeite lot with the second highest estimate of HKD 15,000,000 – 18,000,000 (USD 1,933,200 – 2,319,840) is titled, “Important Jadeite Bead, Diamond and Ruby Necklace.” The 59 cm (23 in) Matinee length bead necklace is composed of 49 graduated jadeite beads of high translucency and brilliant emerald green color. Beads of larger diameter are situated in front of the necklace, gradually decreasing in size towards the rear clasp of the necklace. The diameter of the beads vary from 8.71 mm to 12.41 mm. The 18k white gold clasp is set with several circular-cut colorless diamonds and rubies. Lab certificate numbered KJ 94872 and dated 24 February 2017, issued by the Hong Kong Jade & Stone Laboratory confirms that the jadeites tested are natural and known in the trade a “A-Jade.”
Significant Ruby Lots include Lots 1780, 1703 and 1707
Lot 1780 is the top ruby lot of the sale, titled, “Important Ruby and Diamond Ring, Cartier,” with a pre-sale estimate of HKD 8,000,000 – 12,000,000 (USD 1,031,040 – 1,546,560). The size 7¾, platinum ring, signed Cartier, numbered 43741A, stamped PT950 for platinum is set with an oval-cut faceted natural Burmese ruby with a medium red color of strong saturation known in the trade as “Pigeon Blood” color. Typical inclusions visible under 10x magnification. The ruby is flanked on either side by a row of circular-cut colorless diamonds bordering the ring’s gallery. More circular-cut diamonds are set on the shoulders and upper shank of the ring. Estimated total weight of diamonds approximately 1.40 carats, average color grading F to G and average clarity grades VVS to VS, as gauged and graded in the mounting. Three lab reports by GGL, SSEF and GIA numbered respectively 17021109, 90509 and 2257135653, state that the ruby is natural, of Burmese origin with no indications of heating. An appendix letter from SSEF states that “A natural ruby from Burma of this size and quality can be considered rare and exceptional.” GIA also states that the colour appearance of this stone is described in the trade as “Pigeon Blood.”
Lot 1703 is another significant lot of the sale, incorporating mostly rubies, apart from blue sapphires, emeralds and diamonds. Titled “Rare Gem Set and Diamond Pendant Necklace, Mauboussin,” with a pre-sale estimate of HKD 5,900,000 – 7,500,000 (USD 760,392 – 966,600), this antique piece of jewelry belongs to the Art Deco period, designed by Mauboussin of Paris, France in 1929. Hence both in terms of materials used and design features, the necklace reflects characteristics of the Art Deco period. The 70 cm (27.5 in), platinum pendant necklace with floral, foliate and fruit motifs, consists of a pendant and neck-chain.
The pendant is designed as a flower vase, the vase itself set with baguette, circular and single-cut colorless diamonds; the floral and foliate motifs inside the vase, set with carved rubies, carved sapphires and fluted emeralds; and the fruit motifs among the basket of flowers set with circular-cut colorless diamonds. The handle of the basket of flowers of geometric design is set with circular-cut and baguette-cut colorless diamonds. The bouquet of flowers and fruits is accented at certain points with black enamel.
The flower vase pendant is suspended from a link necklace, also of floral, foliate and fruit motifs. There are two types of floral motifs on the necklace, a larger ruby-centered motif and a smaller emerald-centered motif. There are 12 larger carved ruby-centered motifs alternating with 11 smaller fluted emerald-centered motifs on the necklace. The necklace can be detached into four sections and worn as four bracelets of lengths 175, 170, 170 and 165 mm.
Both pendant and necklace are unsigned. Pendant numbered 94735, with French maker’s and assay marks for platinum.The carved rubies in the pendant are of medium deep orangy-red color. The carved sapphires are of violetish-blue color with medium strong to dark saturation. The fluted emeralds in the pendant are of medium green color. All colored stones are with typical inclusions. Estimated total weight of diamonds in the pendant approximately 9.00 carats; color-grade E to G and clarity-grade VS to SI as gauged and graded in the mount.
Necklace numbered 94649, with French assay marks for platinum. Year 1929 indicates the year the necklace was designed. Carved rubies in the necklace are orangy-red to purplish-red in color and of medium deep to dark saturation but some are semi-opaque. Fluted emeralds in the necklace are green and of medium light to medium saturation. Calibré-cut rubies of pinkish to purplish-red color and medium to medium strong saturation. Calibré-cut sapphires blue of medium saturation and calibré-cut emeralds green of medium light to medium saturation. Estimated total weight of diamonds approximately 9.00 carats, color-grade H to I color and clarity-grade VS to SI, as gauged and graded in the mount.
Lot 1707 is another Ruby highllght, titled, “Unique Pair of Ruby and Diamond Bangles, BHAGAT,” with a pre-sale estimate of HKD 1,950,000 – 2,800,000 (USD 251,316 – 360,864). The pair of platinum bangles of 16 cm inner circumference was designed by Bhagat, considered as one of the greatest living jewellers, who draws inspiration for his designs from classical Indian forms and motifs, combining rich Mughal art and splendors of Islamic architecture with contemporary designs producing unique pieces of jewelry. The pair of ruby and diamond bangles is one such piece.
Each bangle is made of two parallel inner circular bands 16 cm in circumference (diameter 5 cm) cross linked, from which two parallel sets of diamond-set buds radiate towards the outer circle of the bangle. Each bud terminates in two claws which together with the two claws arising from the parallel bud on the other side form a mounting for a large oval-cut ruby. Thirty eight calibrated oval-cut rubies are claw-set in this manner around the outer surface of the bangle. One bangle is signed Bhagat and the other bangle stamped PT950 for platinum. Oval-cut rubies are of medium dark purplish-red colour of strong saturation, with typical inclusions. Total estimated weight of rubies approximately 60 carats. Total estimated weight of circular-cut diamonds approximately 30 carats; average color-grade F-color; and clarity-grade VS to SI, as gauged and graded in the mount. GGL reports numbered 17011091 and 17011092, state that the large majority of rubies tested are natural, of Burma (Myanmar) origin, with no indications of heat enhancement.
Some of the sapphire highlights include Lots 1795, 1656 and 1793
Lot 1795 is a Kashmir or Ceylon sapphire lot, titled, “Important Sapphire and Diamond Ring,”with a pre-sale estimate of HKD 4,000,000 – 5,000,000 (USD 515,520 – 644,400). The size 5½ platinum ring is double claw-set with a 8.64-carat, rectangular emerald-cut,violetish-blue Kashmir or Ceylon blue sapphire flanked by two half-moon-shaped colorless diamonds. The ring is stamped Pt 950 for platinum. The color of the sapphire is slightly violetish blue of medium strong saturation and eye-clean. However, under x10 magnification, there are some typical natural inclusions. characteristic of both Kashmir and Ceylon sapphires.
Two contradictory lab reports accompany the lot. One lab report by the internationally renowned Gübelin Gem Lab, numbered 17011088, dated 3 February 2017, state that the sapphire is natural and of Kashmir origin, with no indications of heating. An appendix letter attached to the report, further states “the natural sapphire possesses a richly saturated and homogeneous color, combined with a high degree of transparency, and a finely proportioned cut. In addition, this remarkable gemstone has been spared of thermal treatment. Such a combination of characteristics is rare in natural Kashmir sapphires of this size.”
A second lab report issued by an equally renowned laboratory, The Swiss Gemological Institute (SSEF) numbered 90874, dated 9 March 2017 states that the sapphire is natural, of Ceylon (Sri Lanka) origin, with no indications of heating. The color of this sapphire may also be called ‘royal blue’ based on SSEF reference standards.
The apparent contradiction in the two reports is perhaps due to overlap of characteristics, such as common inclusions found both in Kashmir and Ceylon sapphires, and the violetish-blue/cornflower-blue found mainly in Kashmir sapphires but sometimes also in Ceylon sapphires originating in certain regions such as Elahera, as reported by Richard W. Hughes, the world renowned gemologist and author of the book “Ruby & Sapphire.” However, its important to remember that the apparent contradiction in the two reports does not in any way compromise the value of the sapphire, as the quality of the sapphire in terms of its color, saturation, transparency, clarity, cut, rarity etc are all excellent be it a Kashmir or Ceylon sapphire.
Lot 1656 is another significant sapphire lot, with a pre-sale estimate of HKD 2,500,000 – 3,200,000 (USD 322,200 – 412,416) and titled “Sapphire and Diamond Ring.” The size 6½ platinum ring is set with a 24.50-carat, cushion-shaped Burma blue sapphire of medium blue color of strong saturation, flanked by two pear-shaped colorless diamonds. The ring mount is stamped with maker’s mark for Jacques Timey and the letters PT for platinum. Two lab reports by SSEF and GGL numbered 80236 and 17021112 respectively, state that the 24.50 carat sapphire is natural; of Burmese (Myanmar) origin; and with no indications of heat enhancement. Sapphire contains typical inclusions only visible under 10x magnification. Estimated total weight of diamonds 0.65 carats; color-grade E to F and clarity-grade VS, as gauged and graded in the mounting.
Lot 1793 – “Pair of Sapphire Ear Studs” – with a pre-sale estimate of HKD 1,200,000 – 1,600,000 (USD 154,656 – 206,208) is another significant lot of the sale. Each of the pair of ear studs is set with a matching cushion-shaped blue sapphire, weighing respectively 3.51 and 2.70 carats. The sapphires are medium blue and violetish-blue color with medium saturation and medium strong saturation respectively. Two AGL reports numbered 1082622 and 1082621, both dated 13 March 2017, state that both the sapphires are natural, with no indications of heating, and the 2.70 carat sapphire is of Kashmir origin, but the origin of the 3.52 carat sapphire was not determinable. However, Gübelin Gem Lab report numbered 17011089/ 1 and 2, states that both the sapphires are natural, of Kashmir origin, with no indications of heating, and contain typical inclusions not visible to the naked eye.
OTHER COLORED STONE HIGHLIGHTS
Lot 1758 is an Alexandrite lot titled, “Pair of Alexandrite and Diamond Pendent Earrings,” with a pre-sale estimate of HKD 2,400,000 – 2,800,000 (USD 309,312 – 360,864). Each of the 18k white gold and platinum pendant earrings is set with an oval-cut Brazilian alexandrite weighing respectively 4.78 and 4.56 carats, as the centerpiece, surrounded by a row of 12 pear-shaped colorless diamonds, suspended by a linear surmount set with 8 small circular-cut colorless diamonds and an intervening large circular-cut diamond at the base of the surmount.
Two Gübelin reports numbered 16081059 and 16081060, accompanying the lot state that the 4.78 and 4.56 carats alexandrites are natural, of Brazilian origin and with no indications of treatment. The two alexandrites are well matched in cut, size and color and display a pronounced color-change effect, from medium dark bluish green color of strong saturation under daylight, to medium dark purple color of strong saturation under incandescent light. Total approximate weight of diamonds 8.48 carats with an average estimated color-grade of F-color and clarity-grade of VS, as graded in the mount.
Lot 1606 is an “Amethyst and Diamond ‘Bird on a Rock’ Brooch, by Schlumberger for Tiffany & Co.” with a pre-sale estimate of HKD 120,000 – 200,000 (USD 15,466 – 25,776). The 18k yellow-gold and platinum brooch based on Schlumberger’s signature “Bird on the Rock” motif is composed of a claw-set cushion-shaped mixed-cut amethyst with a step-cut pavilion, weighing 54.48 carats, with a platinum and yellow gold bird, perched on top of it, set with circular-cut colorless diamonds, with a total weight of 2.80 carats, and a pink sapphire eye. The feet, beak and corona of the bird are made of 18k yellow gold and the rest of the body of platinum. The brooch is signed Tiffany & Co. Schlumberger STD, numbered 32931987 and stamped 750 for 18 karat yellow gold and PT950 for platinum. The amethyst is medium purple color with strong saturation and free from eye visible inclusions. Estimated total weight of colorless diamonds approximately 2.80 carats, average color-grade H to I and clarity-grade VVS to VS as gauged and graded in the mounting. The lot is accompanied by a valuation letter from Tiffany & Co and the case is stamped Tiffany & Co.
CAT’S EYE CHRYSOBERYL LOT
Lot 1750 is a cat’s eye chrysoberyl lot, given the title “Cat’s Eye Chrysoberyl and Diamond Ring,” with a pre-sale estimate of HKD 390,000 – 500,000 (USD 50,263 – 64,440). The size 6, platinum ring is prong-set with an oval, medium yellowish-green, cabochon-cut cat’s eye chrysoberyl of good color saturation, weighing 22.29 carats, displaying the “milk and honey” effect and a strong and distinct chatoyancy. Each of the six prongs is collet-set with a colorless diamond. Estimated total weight of diamonds 0.03 carats, color-grade F-Color and clarity-grade VS, as gauged and graded in the mount. The ring is stamped 950 for platinum. AGL report bearing number CS 1077489, accompanying the lot, states that the 22.29 carat cat’s-eye chrysoberyl is natural, of Ceylon (Sri Lanka) origin, with no gemological evidence of enhancements. An accompanying AGL letter also states that, “the strength and quality of the chatoyancy is remarkable in consideration of the heightened transparency that this beautiful gem possesses. It also displays the effect known as “milk and honey” when the gem is illuminated or lighted from the side.”
STAR RUBY LOT
Lot 1605 – “Star Ruby and Diamond Ring,” with a pre-sale estimate of HKD 280,000 – 320,000 (USD 36,086 – 41,242) is another significant colored stone lot of the sale. The size 5¾, platinum ring is claw-set with an oval, cabochon-cut, purplish-red star ruby of medium saturation, weighing 10.10 carats, displaying distinct six-rayed asterism and flanked by shield-shaped diamonds, with circular-cut diamond scrolls and baguette diamond shoulders. Estimated total weight of diamonds 1.00 carats, color-grade I to J color, and clarity grade VVS to VS, as gauged and graded in the mount. GIA report bearing number 2171006208, states that the star ruby is of Burmese (Myanmar) origin, with no indications of heating. GGL report bearing number 9610050, dated 15 October 1996, states that the 10.10 carat ruby is of Burmese origin, with no indications of thermal treatment.
NATURAL PEARL LOTS
Among the natural pearl highlights are lots 1796 and 1794
Lot 1796 is the top natural pearl highlight of the sale, with a pre-sale estimate of HKD 3,000,000 – 3,900,000 (USD 386,640 – 502,632) and titled, “Important Natural Pearl and Diamond Necklace.” The 60 cm (23.6 in) Matinee length single-strand necklace is composed of sixty-three graduated natural pearls, varying in diameter from 5.30 to 15.10 mm, the larger pearls placed in front of the necklace and gradually decreasing in size towards the rear. The central/median large pearl and five matching pearls on either side of it are separated by faceted oval-shaped colorless diamond beads. The next five matching pearls on either side are separated by rondelles. The remaining pearls in the rear of the necklace are not spaced by separators. The silver and low caratage yellow gold clasp behind is set with a central button-shaped pearl, surrounded by eight old European-cut diamonds. The shape of the pearls are round, near-round, ovoid and button-shaped. The body color of the pearls vary from white to light cream. Some pearl have a rose overtone and a few have green overtones. the luster of the pearls is very good to excellent, and some pearls have minor natural surface blemishes. Two lab reports by GGL and SSEF, numbered 17011090 and 90961 respectively, state that the sixty-three pearls tested are natural saltwater pearls. SSEF further states in an appendix letter that, “assembling a matching selection of natural pearls of this quality and size can be considered rare and exceptional.” Estimated total weight of colorless diamonds approximately 6.00 carats, with color-grade ranging from about M to N and S to T color, and clarity-grade I, as gauged and graded in the mount.
Lot 1794 – “Pair of Natural Pearl and Diamond Pendent Ear Clips,” is another highlight of the natural pearl lots. A pre-sale estimate of HKD 800,000 – 900,000 (USD 103,104 – 115,992) is placed on this lot. Each of the pair of pendant ear-clips is set with a matching drop-shaped natural saltwater pearl of dimensions 12.40 x 18.00 mm and 12.30 x 17.80 mm respectively. The pearls have a white and slightly creamy body color with excellent luster and natural surface blemishes. The pearls are suspended from a geometric white gold surmount by a bell cap arrangement. The bell caps are set with rose-cut diamonds. The hexagonal-shaped surmount is set with bullet-shaped diamonds in the center, a triangular-shaped diamond on top of it and three square-shaped diamonds below forming the hexagon. Another square-shaped diamond is set on top of the hexagonal motif, behind which is the arrangement for suspension from the ear lobe. Estimated total weight of diamonds approximately 1.40 carats. Color-grade of rose-cut diamonds about M to N color, and clarity grade I (Included). Color-grade of bullet-cut, triangular-cut and square-cut diamonds about J to K color and clarity grade VS to SI, as gauged and grade in the mount. Lab report by SSEF bearing number 90020, states that both pearls are natural saltwater pearls.