Auction - Hong Kong now premier center for jewellery auctions

Hong Kong confirmed its position as the premier center for jewellery auction with the results of the Christie’s sale. At more than US$60 million, this was the most important one ever organized by Christie’s anywhere in the world. The top lot of the sale was a single-strand jadeite bead necklace which sold for $7.3 million. It is interesting to note that the Kashmir sapphire bracelet which sold for $6.9 million had been sold by Christie’s previously in 1988 for $902,000, which represents $1.7 million in today’s currency.