A fine jewellery auction by Sotheby’s Hong Kong realised a total of HK$437.67 million (US$56.47 million), reflecting robust demand for high-quality jewels and collectors’ items in Asia.

The sale was led by two rare diamonds – a 5.04-carat Type IIB fancy vivid blue diamond ring, which sold for HK$81.79 million (US$10.55 million); and a 4.49-carat internally flawless fancy vivid pink diamond ring, which fetched HK$63 million (US$8.12 million).

Another star of Sotheby’s Magnificent Jewels auction was an “imperial green” jadeite bead necklace, which was snapped up for HK$80.65 million (US$10.4 million).

Princess Margaret’s 21st birthday bracelet likewise attracted fierce competition from phone and online bidders, with the piece beating its high estimate to sell for HK$1.62 million (US$209,674).

Wenhao Yu, deputy chairman for jewellery at Sotheby's Asia, said the results indicated that the appetite for top-quality jewellery pieces in Asia remains strong. 

“This spring, we have seen a resilience in the jewellery market as collectors demonstrate their eagerness to transact with us in both new and traditional ways,” noted Yu.