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Tiancheng auction fetches nearly HK$300m

Tiancheng International's jewellery and jadeite spring auction 2015 was held on 14 June in Hong Kong achieving a total of HK$300 million (US$38 million). The sale was led by eight lots sold above HK$10 million. The jadeite and diamond demi-parure consisting eight intense emerald green jadeite cabochons and a total of 73.55 carats diamonds was sold to a phone bidder for HK$29.5 million (US$3.78 million). “It is extremely exquisite to match eight full-bodied cabochons of similar size and luminous saturation,” said the auction house. Another highlight, Eternity of Love, a 25.72-carat heart-shaped D colour VS2 diamond ring, was sold for HK$24.78 million (US$3.18 million). The jadeite section and the western jewellery section have achieved 83.7 percent and 85.4 percent sold rate respectively, Tiancheng International noted.

Auction at-a-glance

Sale : HK014

Lots sold : 198

Grand total (HK$): 300,000,000

Sold by lot : 74%

Lots offered : 268

Sold by value : 85%

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