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Christie’s Presents The Regent Kashmir and The Regal Ruby

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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.

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International News

Precious Metals at the Crossroads – Geopolitics, Inflation, and Key Technical Levels AUGMONT BULLION REPORT

Crisis Disrupting Energy Supplies, Pushing Inflation Risks Higher, Increasing The Probability Of Central Bank Interest Rate Hikes

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Safe-Haven Dynamics – Gold and Silver prices are consolidating as investors assess the possibility of U.S.-Iran diplomatic talks and the uncertain future of the current ceasefire. Both nations are scheduled for peace negotiations in Islamabad this week. However, the ceasefire came under threat on Monday following the seizure of a cargo vessel, raising doubts about whether talks will proceed as planned.

  • Geopolitical Developments– The ongoing Middle East conflict has caused a significant disruption to energy supplies, pushing inflation risks higher and increasing the probability of central bank interest rate hikes — both of which create headwinds for gold prices. Adding to the uncertainty, President Donald Trump indicated he will not extend the truce if no agreement is reached before its deadline, and has stated that the Strait of Hormuz will stay closed until a deal is finalized.
  • Macro-economic Signals – Markets are closely watching for clarity on whether the Islamabad talks will proceed, and if so, whether they result in a ceasefire extension or a broader peace agreement. Gold’s price direction will continue to be driven by Middle East outcomes and their downstream effects on energy costs and inflation expectations.

Technical Triggers

  • Gold is trading in the range of $4750 (~ Rs 152,500) and $4850 (~Rs 155,000) from past few days. Either side breakout or breakdown will give 3-4% directional move.
  • Silver is trading in the range of $78 (~ Rs 248,000) and $81 (~Rs 257,000) from past few days. Either side breakout or breakdown from this band will give 3-4% price swing.

Support and Resistance

International Gold Support Level
International Gold Resistance Level 
Domestic Gold Support Level
Domestic Gold Resistance Level
: $4600/oz
: $5000/oz
: Rs 153,000/10 gm
: Rs 160,000/10 gm
International Silver Support Level
International Silver Resistance Level 
Domestic Silver Support Level
Domestic Silver Resistance Level
: $75/oz
: $82/oz 
: Rs 235,000/kg
: Rs 260,000/kg  
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