Editor’s Note
This report details Christie’s record-breaking autumn jewellery auction in Hong Kong, which achieved a total of HK$538 million, marking a 15% year-on-year increase and setting a new high for the house’s autumn sales in the category. The strong results, driven by global bidding across multiple platforms, underscore the sustained vigor of the top-tier luxury market.
Hong Kong – Christie’s Hong Kong Luxury Week continued on 25 November 2025 with the Magnificent Jewels live autumn auction, which totalled a market-leading HK$538,131,300 / US$69,456,822. The sale was 92% sold by lot, with a hammer price 106% above the low estimate, and close to 60% of lots sold over high estimates – driven by spirited competition in-room, on the telephones, and online. The sale total marks a 15% increase year on year and is Christie’s highest autumn sale for the category in Hong Kong since 2017, reflecting the thriving market for jewels.
‘The Royal Blue’ – a necklace, adorned with 16 Kashmir ‘Royal Blue’ sapphires totalling 104.61 carats – sold for HK$125,450,000 / US$16,191,882, breaking the world auction record for a Kashmir sapphire necklace previously set at Christie’s in 2018. The Royal Blue stands as the most valuable jewel sold at auction in Asia this year. The result continues Christie’s exceptional track record in sourcing and presenting the highest calibre of gemstones to collectors. Sapphires were highly coveted overall and 100% sold, and there was notably enthusiastic bidding for jewels from renowned maisons and the offering was also 100% sold.
Jewellery sales continue with Magnificent Jewels: Online, open for bidding from 26 November until 5 December.
