International News
Christie’s Presents The Regent Kashmir and The Regal Ruby
Christie’s proudly presents The Regent Kashmir, a 35.09 carat Kashmir sapphire, and The Regal Ruby, a 13.22 carat Burmese ruby, both set as rings. These two extraordinary jewels will lead the Magnificent Jewels live auction on 27 May during Hong Kong Luxury Week at Christie’s Asia Pacific headquarters at The Henderson. Representing the pinnacle of beauty and quality, this sale continues Christie’s presentation of the most outstanding coloured gemstones to the market. The gems will be on display from 25– 28 March at Christie’s at The Henderson.
The Regent Kashmir (estimate: HK$65,000,000 – 95,000,000 / US$8,300,000 – 12,000,000), a 35.09 carat sapphire of historic significance, is the most valuable piece of Kashmir sapphire jewellery offered at Christie’s globally in the last five years. Renowned for its enthralling velvety blue hue, exceptional clarity, and incredibly rare origin, The Regent Kashmir is a once-in-a-generation masterpiece destined to attract significant interest from collectors and enthusiasts worldwide.
The Regal Ruby (estimate: HK$50,000,000 – 80,000,000 / US$6,400,000 – 10,000,000), an incredibly rare 13.22 carat ruby, is poised as the most valuable and largest Burmese ruby to be sold at Christie’s in Hong Kong in a decade. Top-quality unheated rubies exceeding five carats are particularly scarce and this highly desirable natural treasure stands out for its intense colour, exceptional transparency, and remarkable rarity.
Other highlights from the Magnificent Jewels live auction include a 10.35 carat Colombian no oil emerald and diamond ring (estimate: HK$6,800,000 – 9,800,000 / US$870,000 – 1,260,000) as well as a pair of 7.03 and 6.92 carats Colombian no oil emerald and diamond earrings (estimate: HK$5,500,000 – 7,500,000 / US$700,000 – 960,000). These stunning jewels will also be on display from 25 – 28 March at Christie’s at The Henderson.
International News
Gold prices climbed above $4,250 ahead US ISM Manufacturing PMI release
US spot Gold prices climbed above $4,250 early Monday, touching a six-week high as investors turned cautious ahead of the upcoming US ISM Manufacturing PMI release. The yellow metal is poised for further upside momentum if it secures a sustained daily close above the crucial $4,250 resistance level.
The US Dollar opened December on a softer note, pressured by rising expectations that the Federal Reserve may announce a rate cut next week. Growing market confidence in easing monetary conditions has boosted the appeal of non-yielding assets such as gold.
Analysts note that a decisive break and close above $4,250 could reinforce bullish sentiment and pave the way for an extended rally in the days ahead. As global markets await fresh cues from the US economic calendar, gold continues to benefit from a favorable macroeconomic backdrop and robust safe-haven demand.
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