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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.