HONG KONG.- An impressive Fancy Coloured Diamond and Diamond dress ring by Cindy Chao’s iconic Ribbon Collection triumphed at the Bonhams Rare Jewels and Jadeite auction selling for HK$9,100,000 with an estimate of HK$8,000,000-10,000,000. The Fancy Pink-Purple oval-cut diamond, weighing 4.23 carats, is wrapped within a setting of ribbon design, pave-set with brilliant and cushion-cut diamonds.

Led by Bonhams CEO and Group Head of Jewellery, Matthew Girling, the 123-lot sale in Hong Kong totalled HK$55,236,250.

Interest was strong for a rare 10.02 carat Fine ‘No Oil’ Emerald and Diamond ring which went under the hammer for HK$6,100,000 (estimate HK$3,400,000-4,000,000), featuring a cushion-shaped set between trillion-cut diamond shoulders.

The sale ended with a heated bidding war for an impressive 10.03 carats Diamond and Coloured Diamond ring by British jewellery designer Stephen Webster which sold for HK$3,580,000 with a low estimate of HK$1,500,000-2,200,000.

Commenting from the auction room in Hong Kong, Graeme Thompson, Head of Jewellery, Asia, said, “Overall the sale was very positive with strongest interest from local and global collectors in white colourless diamonds, fine gemstones and rare jewels. Bids came in from around the world including Pan-Asia, the Middle East, Europe and America reflecting Hong Kong as an international auction market hub.”

Highlights from the sale included an important Jadeite Bead, Ruby and Diamond Necklace for HK$2,375,000; an early 20th Century Natural Pearl and Diamond necklace by Tiffany & Co. for HK$2,250,000; and, a 10.27 carats Marquise-Cut Diamond Single-Stone ring by Harry Winston for HK$2,187,500.

Upcoming auctions for Fine Jewellery at Bonhams will take place on 4 December in New York and 7 December in London.