Diamonds may last forever, but the appeal of sapphire seems to be soaring, and more and more couples choose sapphire as engagement jewelry.
According to the discovery of the international auction house Bonghuse, people's pursuit of colored gemstones has returned to the peak, and more and more couples are choosing sapphire to keep their promises.
Although diamonds are seen as traditional tokens, they are actually relatively new compared to sapphires. The phrase “Diamond is the best friend of the girl†is very popular and is largely the result of De Beers’ very successful campaign in 1930 and 1940.
However, according to Bonhams, many guests would like to find some different gems when choosing an engagement ring.
As always, the trend of sapphire being favored is partly due to the celebrity effect. Hollywood actor Javier Baden gave the actress Penelope Cruz a 3 carat sapphire engagement ring, and David Beckham's wife Victoria added a large oval sapphire to her jewelry collection. Actresses Tina Fey and Sophia Vigara wore sapphire jewels and glared at the red carpet at the Oscars this year.
Mr. Graeme Thompson, head of the Asian Jewelry Department of Bonhams, said, “Traditionally, sapphire symbolizes truth, sincerity and loyalty – it can be said to be a great element in the upcoming wedding.â€
The kings and queens of ancient Greece and Rome wore sapphires to protect themselves from harm and embarrassment. Until today, sapphire has always enjoyed the reputation of one of the best gems.
In response to demand, Bonhams Hong Kong will present a number of exciting sapphire jewellery pieces at the Jane Jewelry and Jade Auction on June 1st, such as a 21.30-carat natural unheated Sri Lankan sapphire and diamond ring, valuation HK$750,000-950,000.
The highlights also include a rare natural sapphire and diamond necklace, designed by Van Cleef & Arpels. In the 1960s, the main stone was a 7.02-carat natural pillow-shaped heat-treated Kashmiri sapphire, valued at HK$5,000,000-6,000,000; Naturally unheated Burmese sapphire and diamond earrings for 17.56 and 15.46 carats, valued at HK$3,900,000-4,500,000; a 30.63 carat natural heatless Sri Lankan sapphire and diamond brooch with more than 30 carats of diamonds, estimated at HK$900,000- 1,500,000; and a pair of 10.55 and 10.38 carats of natural unheated Sri Lankan sapphire and diamond earrings, designed by Chantecler, valued at HK$450,000-650,000.
Graeme Thompson said: "In the recent auction of Bonds London, the sapphire market witnessed strong demand. A natural Kashmiri sapphire was successfully won by a telephone buyer, creating a record price of 506,500 (HK$5,671,331). It is estimated to be 50,000-70,000 (HK$600,000-800,000) before the auction.
In addition, a rare 17.15-carat natural Burmese oval pink corundum was successfully sold at a price of 140,500 (HK$1,573,192), which is much higher than the pre-sale estimate of 30,000-40,000 (HK$350,000-450,000).
“For Asian guests, we expect their demand for beautiful and precious gems to continue to grow, as sapphire is the perfect engagement jewel, and believe that guests who like to be different will choose to make an engagement ring to protect their commitment to the other half. .
Another reason why colored gems are sought after is the supply of new mines and the redevelopment of traditional mining areas. Gemstones in old mining areas usually have a significant price advantage at auctions, but gem prices in new mines are also rising due to limited supply and demand.
Bonhams witnessed the example of many colored gemstones being brought to market due to rising demand. The new producing areas such as Mozambique, Madagascar and Zambia are now very beautiful in sapphire, ruby ​​and emerald.
The corundum family has many different colors and is therefore deeply attracted to jewellery collectors and investors – including pink corundum, yellow corundum and Padma corundum (a rare pink orange).
The price of colored gemstones is always on the auction floor. Whether it is new jewelry or antique jewelry, 2016 is definitely a good time to sell sapphire.
Because of its rarity, collectors and investors rushed to the sapphire of the old mining area, and repeatedly achieved auction success in the auction of Bonhams.
The sapphire from Kashmir, showing the unique velvety blue color of Kashmir's origin, is rare and rare, and is the most sought-after gemstone for collectors and investors. This is due to the fact that sapphire is still produced in Myanmar and Sri Lanka, while the Kashmir region was exhausted in the 1880s.
Today, Kashmiri sapphire is still the rarest of all gems, and it is extremely rare for collectors to be a quality jewel that they deserve to be replaced by a thousand dollars.
In the auction, Bonhams witnessed many sapphire that created impressive achievements, and their transaction price far exceeded the pre-photo valuation, which proved a strong growth market. In the past 5-10 years, many examples of amazing price increases have also been witnessed.
Bonhams' recent auction results prove that the global market is eager for quality sapphires and is being contested by buyers from the US, Canada, Europe, Hong Kong and South Korea.
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