Don’t be jaded by the idea that fine jewelry may decline in value. These days the selling value of collectable and exclusive gems and jewels are actually above presale estimates.
Bonhams, the world-famous auctioneers of fine art and antiques, recently concluded its fine jewelry and jadeite auction in Hong Kong. Numerous lots sold for above presale estimates, of which the top lot was a special “Flawless Collection of Hearts and Arrows Diamonds.”
The 39.98-carat lot reached $2.62 million, prized for its flawless and brilliant-cut. Another well-received design, which sold for close to $1.3 million was a collection of jewelry by Marina B.
The Asian market for rare items, such as the Marina B jewels and Flawless Collection of Hearts and Arrows Diamonds, is part of a growing demand for jadeite and gemstones. Bonham’s Hong Kong auction is just one of the many testaments to the growth of the fine jewelry market as consumers no longer look to them as just special occasion gifts.
The shining sea between China and the Hawaiian Islands is much like the future of fine jewelry in the Asia-Pacific region – big and bright like a brilliant diamond.