Burmese ruby and diamond necklace to make $1.9m?
A 99 carat Burmese ruby and diamond necklace is expected to sell for $1.2m-1.9m at Tiancheng International in Hong Kong on December 6.
Mr Stewart Young, head of Tiancheng International’s jewellery department, comments: “Following our extraordinary auction results achieved last season with The Flare of Crimson, 52.22-carat natural unheated Mozambican “Pigeon’s Blood” ruby and diamond necklace sold at HK$24.8 million/US$3.17 million, setting a world record for any Mozambican ruby jewellery at auction, we have amassed an array of extraordinary gemstones this season.
“Under current global economic slowdown, it is foreseen that jewellery will render as a preferable investment option and hence an increasing market demand for finest jewellery and jadeite pieces.”
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