Chrisites – from Hong Kong to Milan! Luxury is Alive & Well!

by Robyn Hawk on June 1, 2011



“With US$110 million changing hands in two days, we have just concluded our best season for jewellery and watches in Asia. The Imperial Cushions, a magnificent pair of D-colour Golconda diamonds achieved a world record price of US$200,000 per carat and the Asian market continues to grow and position itself as a major centre in the international world of auctions,” said Vickie Sek, Director of the Jewellery and Jadeite Department, Christie’s Asia.


With an 80% sell through Christies Hong Kong posted a new record for Golconda Diamonds …and they sold some truly amazing lots…a full section of Chanel Jewelry…and offerings from most of the famous houses!

Meanwhile Francesco Alverà, Head of the Jewellery Department at Christie’s Italy, commented on the May 26th Milan Jewels Auction:

“With a total of more than €5 million, Christie’s Jewelry auction in Milan achieved one of the highest results ever obtained by the category in Italy, reconfirming the absolute leadership of the auction house in this country. More than 180 different buyers from five continents pursued the sale’s 322 lots, competing vivaciously in the room, on the telephone, and online. The top lot, an important octagonal-cut diamond ring of 12.01 cts, sold to an Italian private collector for €315,800 (€26,294 per carat). Additional strong performers included a magnificent ring with a Ceylon (Sri Lanka) sapphire of 21.17 cts, which sold for €227,600 (€10,751 per carat), as well as a particularly rich section of BVLGARI jewels, and a selection of natural pearls.”
It is abundantly apparent that the luxury market is alive and well!

Christie’s, the world’s leading art business had global auction and private sales in 2009 that totaled £2.1 billion/$3.3 billion. Christie’s is a name and place that speaks of extraordinary art, unparalleled service and expertise, as well as international glamour. Founded in 1766 by James Christie, Christie’s conducted the greatest auctions of the 18th, 19th and 20th centuries, and today remains a popular showcase for the unique and the beautiful. Christie’s offers over 450 sales annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $80 million. Christie’s has 53 offices in 32 countries and 10 salerooms around the world including in London, New York, Paris, Geneva, Milan, Amsterdam, Dubai and Hong Kong. More recently, Christie’s has led the market with expanded initiatives in emerging and new markets such as Russia, China, India and the United Arab Emirates, with successful sales and exhibitions in Beijing, Mumbai and Dubai.

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