In a recent Hong Kong jewelry auction, there has been a noticeable shift in the tastes of jewelry collectors. Although there were a variety of pieces offered ranging from celebrity inspired pieces to actual jewelry worn in actual films, the star power had almost no effect on the price of these sometimes interesting collectables.
At the top lot of the auction was a wonderful pair of jadeite bangles, which sold for $6.9 million to an Asian private buyer. Overall, when the dust cleared, the auction totaled $36.9 million and 79 percent was sold by value.
This ruby and diamond necklace (above) sold for $3.2 million, while a jadeite and diamond suite, consisting of a necklace, earrings and a ring (below), realized $2.4 million.
All top 10 lots of the auction, which were largely jadeite and diamond pieces, were sold to Asian private buyers.
“Nowadays, jewelry collectors have much wider interests,” said Ellen Sin, director of Tiancheng’s jewelry department. “Besides the conventional top jadeites and diamonds, colored gemstones like natural rubies and emeralds have been sought after and drawn increasing attention … We will continue our perseverance in bringing more unique jewelry in line with market tastes from all over the world to collectors.”
Ever wonder when the Government seized goods such as jewelry will be auctioned? Well todays post provides this information. When things from seized lots are auctioned, rest assured, the items have been appraised and are sure to come at a bargain price.
As soon as tomorrow, June 1st, the U.S. Marshals Service will be auctioning more than 300 lots of gold and silver bullion’s and coins, loose diamonds, fine jewelry and watches which at some point were connected to federal criminal cases in an auction which is scheduled to take place amid the jewelry shows in Las Vegas.
The auction, which will be held at the Las Vegas Convention Center, also will offer a live simulcast on the web here at 10 a.m. PST for those who for one reason or another cannot attend in person but would like to bid on these prized items.
Several times a year, the U.S. Marshals consolidate pieces which were seized in connection with criminal cases nationwide and holds these large auctions. Fortunately proceeds generated from these auctions are used to compensate victims of crimes and supplement law enforcement programs.
Our sources have informed us that some of the lots to be offered in Saturday’s auction include a rare 4.9-carat diamond with a starting bid of just over $15,000, a diamond bracelet starting at $11,500 and a Rolex watch starting at $145,000 just for starters.
Additional lots, including images, can be found here.