.png)
A 12.56-carat sapphire and diamond ring took the center stage at a recent Sotheby’s auction in Hong Kong, selling for HKD 18.7 million ($2.4 million), within its estimates.
.png)
The piece, which bears a cushion shaped, royal-blue Kashmir sapphire between by two trapeze-shaped diamonds, was the top lot at the September 19 High Jewelry sale, according to the auction house’s website.
In total, the sale garnered HKD 223.8 million ($28.7 million). The lots included colored diamonds and gemstones, and pieces from famous design houses such as Bulgari, Cartier, Graff and de Grisogono.
Here are the rest of the top 10 pieces:
This cut-cornered rectangular mixed-cut, 5.07-carat, fancy-pink, VS1-clarity diamond ring sold for HKD 11.4 million ($1.5 million), just below its high price.
A necklace with 39 graduated intense-green jadeite beads and a brilliant-cut diamond clasp exceeded its upper estimate to fetch HKD 8.3 million ($1.1million).
.png)
A de Grisogono Luna wristwatch brought in HKD 8.1 million ($1 million), more than seven times its high estimate. It has a half moon-shaped dial and bezel featuring brilliant-cut and baguette diamonds. The diamond-set, circular-link strap contains six principal step-cut diamonds, including a 7.10-carat, G -color, VS1-clarity one, as well as circular- and step-cut emeralds.
This Graff necklace is designed as ribbons of graduated pear-shaped and baguette diamonds, supporting a tassel of pear-shaped diamonds, with stones weighing between 0.90 and 3.01 carats, of D to G color and internally flawless to VS2-clarity. It went under the hammer for HKD 4.4 million ($571,705), beating its HKD 4 million ($514,471) upper presale price.
.png)
This ring features a cut-cornered rectangular modified brilliant-cut, 6.82-carat, fancy-vivid-yellow, VS2-clarity diamond between a pair of half-moon diamonds. It made more than one-and-a-half times its top estimate, bringing in HKD 4.4 million ($571,705).
.png)
A set comprising a ring and earrings carrying oval translucent vivid-green jadeites, with the earrings sporting brilliant-cut diamonds, realized HKD 4.4 million ($571,705), exceeding its HKD 800,000 ($102,894) high estimate.
.png)
Sotheby’s sold this oval, 5.33-carat Mozambican ruby ring for HKD 4.3 million ($555,371), within its price range.
.png)
This ring bears a pear-shaped, 29.75-carat, fancy-intense-yellow, VVS1-clarity diamond between two pear-shaped diamonds. It beat its upper estimate to achieve HKD 4.1 million ($522,702).
.png)
Designed as a convertible jewel, this piece forms either a necklace or a tiara. It has a fringe of oval- and cushion-cut Burmese rubies, each surrounded by old European- and brilliant-cut diamond drops, joined by trios of baguette-cut diamonds. It went for HKD 4.1 million ($522,702), within its presale price range.
Main image: The 12.56-carat sapphire and diamond ring. (Sotheby’s)
Explore the Gemports GTI Q2 2026 analysis of ruby and sapphire markets, including large-carat price trends, transaction volumes, capital rotation and Q3 outlook.
Pearls are organic gemstones with unique structures and properties, which means they require different care from many other gemstones and precious metals.
Looking back through history, gemstones and jewelry have often been portrayed as symbols of love, traditionally given by men to women. Over the past decade, however, leading global jewelry publications and industry media have highlighted a significant par