Editor’s Note
This article details Christie’s record-breaking Hong Kong jewellery auction in November 2025, which achieved a total of HK$538 million (US$69.5 million) with a 92% sell-through rate.
HONG KONG – Christie’s held its ‘Magnificent Jewels and Jadeite Jewellery’ live auction in Hong Kong on November 25, 2025, during the Elegant Luxury Week, achieving a total of HK$538,131,300 / US$69,456,822, leading the market. The sale achieved a 92% sell-through rate, with the hammer total reaching 106% of the low estimate. Nearly 60% of the lots sold above their high estimates, attracting active bidding from buyers in the saleroom, via telephone, and online platforms. The total for this season’s auction represents a 15% increase compared to the same period last year, setting a new autumn season high for Christie’s Hong Kong Jewellery Department since 2017, reflecting a thriving jewellery market.
The ‘The Royal Blue’ necklace, set with 16 natural Kashmir royal blue sapphires weighing a total of 104.61 carats, sold for HK$125,450,000 / US$16,191,882. This result broke the world auction record for a Kashmir sapphire necklace set by Christie’s in 2018, making it the highest-priced jewellery lot sold at auction in Asia this year. The outstanding results this season demonstrate Christie’s commitment to selecting top-quality gemstone masterpieces for collectors. All sapphire jewellery in the auction achieved a 100% sell-through rate. Masterpieces from top jewellery houses also attracted keen competition from collectors, achieving 100% sell-through.
The Hong Kong Magnificent Jewels Online auction will be open for bidding from November 26 to December 5, continuing to offer exquisite and captivating jewellery pieces to collectors.
