What makes this jadeite necklace worth a whopping S$14.4 million?
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What makes this jadeite necklace worth a whopping S$14.4 million?
The fine jadeite market continues to bask a revival, evident from the recent sale of a beaded necklace at Sotheby's July Magnificent Jewels auction.
This imperial green jadeite necklace was one of the top highlights of Sotheby'due south July Magnificent Jewels sale. (Photo: Sotheby's)
For several centuries, the jade stone has been revered in Chinese culture. To the untrained middle, jadeite jewellery appear to be unproblematic and pocket-sized, but in the East, jadeite has long been a symbol of ultimate opulence.
The growing demand for jadeite is partly due to growing wealth in China, just information technology has also attracted a new grouping of Western buyers, who appreciate the discreet beauty of the green rock.
In recent years, infrequent jadeite pieces have been fetching high prices at auctions. An regal green jadeite dewdrop necklace recently went under the hammer at Sotheby's Hong Kong Magnificent Jewels sale, eventually selling for United states of america$10.4 million (S$14.four 1000000). Bidding was intense, with five determined phone bidders competing for the necklace.
The remarkable necklace comprises 37 beads of notable size. To date, it's the largest dewdrop necklace to receive a special Gubelin document for its regal jade quality. Imperial jade refers to the finest-quality jadeite that is about transparent with a vibrant emerald light-green colour. The jadeite chaplet exhibit perfectly matching colour, combined with an outstanding translucency and excellent lustre.
Jadeite jewellery was included in the Magnificent Jewels auction due to their increasing popularity among international collectors, Sotheby's said. All in all, the auction totalled US$56.5 million, indicating that the appetite for top quality jewels in Asia remains undiminished.
Other summit lots of the sale included two coloured diamond rings. A 5.04 Fancy Vivid Bluish diamond ring sold for United states of america$10.5 million and a 4.49 carat Fancy Vivid Pink diamond sold for U.s.$viii.1 million. Meanwhile, Princess Margaret's 21st birthday bracelet achieved US$209,674.
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Source: https://cnalifestyle.channelnewsasia.com/obsessions/jadeite-bead-necklace-sothebys-auction-237491
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