Burmese Rubies, Colored Diamonds And Cartier Lead Sotheby's Hong Kong Sale — forbes.com

A ruby and diamond necklace with 50 carats of unheated “Pigeon’s Blood” Mogok Burmese rubies was the top lot in Sotheby’s Hong Kong Fine Jewellery and Jadeite sale, fetching $805,128. The necklace is set with 37 graduated oval rubies with a total weight of 50.57 carats, decorated with approximately 42.70 carats of pear-shaped and brilliant-cut diamonds mounted in 18k white and yellow gold. The auction of signed pieces, colored gems and diamonds, modern and vintage pieces, and a charity session to aid Operation Smile China Medical Mission, which provides free surgery to underprivileged children and young adults with cleft lips or cleft palates in China, was held November 28. It fetched more than $7.85 million, with 87.2 percent of the items sold by lot and 75.8 percent sold by value.

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