HONG KONG.- Tiancheng International Jewellery and Jadeite Autumn Auction 2018 concluded today, totalling over HK$125 million／US$16.03 million, with four lots sold for over HK$10 million, over 63% total sold rate and over 90% jadeite sold rate. Together with the spring auction, Tiancheng International achieved HK$270 million／US$34.62 million in 2018.

The star lot of the sale was a 29.53-Carat D Colour Internally Flawless Type IIa Excellent Polish Diamond Ring. Bidding opened at HK$ 12 million and after spirited biddings, the piece was eventually sold to a telephone bidder for a spectacular price of HK$ 27 million／US$ 3.46 million. Apart from the most desirable colour and clarity grading, this magnificent Type IIa quality diamond also boasts the highest chemical purity and transparency. Meticulously cut into a classy pear shape, the centre stone is flanked by two heart-shaped diamonds totalling approximately 2.85 carats, making it the epitome of rarity and refinement.

Another highlight was an 8.06-Carat Natural Unheated Burmese Mogok “Pigeon’s Blood” Ruby and Diamond Ring which realised HK$ 16.32 million／US$ 2.09 million. This ruby glows with the most desirable “pigeon’s blood” colour, rendering it an enticing gem which deserves pride of place in any private collection. Jadeite pieces were keenly coveted today, achieving a remarkable sold rate of over 90%, which include a Jadeite “Guanyin” and Diamond Pendant that fetched HK$ 14.4 million ／ US$ 1.85 million. Emanating luscious green and limpid translucency, the pendant portrays Guanyin with a serene countenance and soft, downcast eyes. Another highlight was a Jadeite and Diamond Necklace which was sold for HK$ 12.6 million／US$ 1.61 million. This exquisite piece is composed of 59 jadeite beads of luxuriant green hue and fine translucency.

Wang Jie, Managing Director of Tiancheng International and Connie Huang, Specialist of Tiancheng International’s Jewellery Department, commented after the sale, “We are very pleased with the results today amid the selective market. The strong prices achieved for top quality diamonds and coloured gemstones illustrated the robust demand for precious jewellery. Following on the incredible sold rate of jadeite we achieved this spring, the jadeite section today carried on this positive momentum and achieved an over 90% sold rate, which is a testament of our thoughtfully curated sale. We would like to express our heartfelt gratitude to collectors across the region. Tiancheng International will assuredly continue to present handpicked treasures in our spring auction next year.”