Christie's to Sell $7.5M Blue Diamond Ring

RAPAPORT... A fancy-vivid-blue diamond ring with a high estimate of $7.5million will go under the hammer at Christie's Magnificent Jewels auction inHong Kong later this month. The 3.24-carat piece, designed by Moussaieff, contains a square-emerald cut, 3.24-carat, internally flawless center stone surrounded by pink diamonds. Anotherprominent lot featured in the November 26 sale is a jadeite bead and spinelnecklace. Named the Heavenly Twins, because the 68 beads were perfectly matchedfrom two different rough stones, it is expected to fetch $7 million to $11million. Christie's will also offer earrings featuring two pear-shaped, D-color, internallyflawless, type IIa diamonds, weighing 17.62 and 17.01 carats. The piece carries a presale estimate of $2.8 million to $3.8 million. A 16.04-caratKashmir sapphire ring by Tiffany & Co. is valued at $1.6 million to $2.3million. Other notable items include a pair of fancy-vivid-yellowdiamond earrings weighing more than 8 carats each, valued at $1.1 million to$1.5 million, and a natural pearl, pink diamond and diamond collection, whichincludes a necklace, bracelet, ring and earrings. The set has an estimate of $1million to $1.5 million. Meanwhile, a Bulgari Burmese and Ceylon natural sapphire andmoonstone jewelry set is expected to bring in $800,000 to $1.2 million. Highlights from the collection will be on display at the HongKong Convention and Exhibition Centre from November 22 to 25, prior to thesale. Image: The 3.24-carat blue and pink Moussaieff diamond ring. (Christie's)