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Top lot of K’ung Hsiang-Hsi collection sold for 28 times presale estimates

A collection of jewellery comprising of jadeite, diamonds, natural pearls and more from K’ung Hsiang –Hsi (1880-1967), who married Soong Ai-ling (1889-1973) was auctioned at Christie’s Hong Kong Magnificent Jewels sales on 2 June 2015. While the whole collection realised HK$112.6 million / US$14.6 million, which is seven times its low estimate, the top lot of the collection, a jadeite and diamond ring fetched HK$18,040,000 / US$2,337,984, which is 28 times of the presale estimate.

Following it was a pair of jadeite rings that were sold for HK$10,240,000 / US$1,327,104, 32 times of the presale estimate. The third top lot was also a jadeite ring, realising HK$13,240,000 / US$1,715,904, 28 times its presale estimate.

The top lot of the sale is a magnificent ruby and diamond necklace by ETCETERA, which was sold for HK$100,360,000 / US$13,007,579. The necklace features 13 pear-shaped diamonds weighing approximately 5.14 to 1.00 carats and two rows of oval and cushion-shaped rubies weighing approximately 7.02 to 1.10 carats.

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