Editor’s Note
This report details Christie’s successful Hong Kong jewellery auction in November 2025, which achieved a strong sell-through rate and hammer total exceeding estimates, indicating robust market demand.
HONG KONG – Christie’s held its live “Magnificent Jewels and Jadeite Jewellery” 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 auction achieved a sell-through rate of 92%, with the hammer total reaching 106% of the low estimate. Nearly 60% of the lots sold above their high estimates, attracting active participation from multiple 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 totalling 104.61 carats, sold for HK$125,450,000 / US$16,191,882. This sale set a new world auction record for a Kashmir sapphire necklace at Christie’s, surpassing the previous record set in 2018, and became the highest-priced jewellery lot sold at auction in Asia this year. The outstanding results this season demonstrate Christie’s commitment to sourcing top-quality gemstone masterpieces for collectors. All sapphire jewellery lots 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 for collectors.
