Christie’s Magnificent Jewels auction on 27 May in Hong Kong showed some disappointing results, with only 81% of the 300 lots on offer sold with a 73% sell-through value.
While the combined sales had a pre-auction estimate of over US$100 million, the bids fell short at only $91,851,200, with the top lot, a rare Golconda diamond pendant necklace named The Eye of Golconda, remaining unsold. A 9.38 carat pear-shaped fancy intense pink diamond fared better, selling for $5.96 million (or $636,117 per carats), at the low end of its estimate though.
