World record for a Kashmir sapphire!
QUEK Chin Yeow, Deputy Chairman of Sotheby’s Asia and Chairman of International Jewellery, Asia said, “We are very much delighted with the results of this sale, with the Cowdray Pearls setting a world auction record for natural grey pearl necklace at HK$41.08 million and a 27.68-carat Kashmir sapphire achieving a world auction record price per carat for Kashmir sapphire at US$242,145 per carat – the latest of an incredible string of records since our October 2014 sale in Hong Kong in which the same record was broken twice, illustrating the rapidly growing demand for sapphires from this prestigious origin.”
“Throughout the sale there was broad-based participation by Asian privates along with international trade. The top ten lots show a great variety ranging from coloured stones, diamonds and pearls to jewels of aristocratic provenance, with coloured diamonds selling well over their high estimates. We are also particularly pleased that the historic Dowager Viscountess Harcourt Diamond Necklace went to Tiffany & Co., who first purchased the 28 diamonds on the necklace at the 1887 French Crown Jewels auction in Paris” Chin adds.