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  • Bulgari’s sapphire and diamond necklace which fetched $3.4 million at Philips Jewels & Jadeite auction in Hong Kong. (Photo courtesy: Philips

Bulgari Necklace Fetches $3.4M At Philips HK

Philips Jewels & Jadeite auction was held on 23 May 2023 in Hong Kong. A sapphire and diamond necklace by Bulgari was the top bid at the auction fetching $3.4 million.


Coming from a private collection, this magnificent Bulgari necklace has been cherished by its owner for almost two decades since its debut in 2004.


Weighing an impressive 118.35 carats, the sapphire set on the necklace is amongst the largest to appear at auction in recent years. Of Ceylon (Sri Lankan) origin, with no indications of heating, and of ‘Royal Blue’ colour as stated in the Gübelin Gem Lab report, this stone is a wonder of nature beautifully enhanced by man’s hand and the lovely cushion shape granted by the stone cutter. It will speak to every gem lover and collector. Unique in its size, colour and origin, the sapphire embodies the transparency and luminosity pursued by Bulgari for its high jewellery creations, said Philips.


Benoit Repellin, worldwide head of jewellery at Philips, said: “This jewel is a holy grail for any collector, with a classic and elegant design typical of Bulgari that emphasises the beauty and extraordinariness of the gem, combined with an exceptional stone set in a necklace signed by an iconic maison.”




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