Sotheby's to Showcase $12.8M Pink in Hong Kong

RAPAPORT... A pink diamond ring weighing 5.11 carats is one of the top lots Sotheby's will auction at its Hong Kong sale later this month.The radiant-cut, fancy-vivid-purplish-pink diamond ring by designer Nicolas Lieou is expected to fetch between $10.2 million and $12.8 million at the April 29 Magnificent Jewels sale, Sotheby's said last week.A necklace featuring a pepper-shaped jadeite suspended from a brilliant-cut diamond will also be up for auction. The piece, which has diamonds, sapphires and a ruby decorating the back, has a high estimate of HKD 55 million ($7 million). Meanwhile, a cushion-shaped, 3.27-carat, fancy-vivid-blue, internally flawless diamond ring carries a price tag of up to HKD 45 million ($5.8 million). Other notable items include the Carmine Rose, a ring bearing an oval, 8.08-carat ruby surrounded by pear-shaped diamond petals, which is expected to fetch as much as HKD 40 million ($5.1 million). A pair of unmounted oval-shaped, D-flawless diamonds weighing 20.29 and 20.28 carats will also go under the hammer. Together, they have a high estimate of HKD 32 million ($4.1 million).A ring set with a cut-cornered rectangular modified brilliant-cut, 3-carat, fancy-vivid-bluish-green diamond inside a pink diamond border is estimated at up to HKD 30 million ($3.8 million) at the sale. Sotheby's will also sell a jadeite and diamond parure comprising a necklace, a pair of earrings and a ring, as well as a separate jadeite bead and diamond necklace. Also hitting the auction block is a diamond tiara from the 1930s that Lady Smith, the wife of Member of Parliament Sir John Smith, wore to events the queen held at Buckingham Palace. The Cartier piece is estimated to fetch up to $384,000.The items will be offered live during the first part of the Magnificent Jewels auction, which will take place after the standalone sale of the De Beers Cullinan Blue on April 27. The step-cut, 15.10-carat, fancy-vivid-blue diamond is expected to go for up to $48 million in Hong Kong. The Magnificent Jewels auction will also feature a second, online portion, which will run from April 15 to May 3.Image: The 5.11-carat pink diamond. (Sotheby's)