International News
Christie’s to Auction $12M Kashmir Sapphire Ring in Hong Kong
Rare 35.09-Carat Sapphire Leads Magnificent Jewels Sale Featuring High-Value Colored Diamonds and Designer Pieces
A rare Kashmir sapphire ring valued at up to HKD 95 million ($12.2 million) is set to headline Christie’s Magnificent Jewels auction in Hong Kong on May 27. The ring, featuring a 35.09-carat antique cushion-shaped royal blue sapphire surrounded by round diamonds, is expected to be the star lot among 129 pieces offered at the event.
Previously, the sapphire ring gained international attention after selling for $7.4 million at Christie’s Geneva in 2015—well above its high estimate—and was also featured in the auction house’s New York sale in 2000.
Colored gemstones dominate the top end of the upcoming auction, with half of the top 10 lots featuring fancy-colored diamonds. Among them is a ring with a 13.22-carat Burmese ruby flanked by diamond side stones, estimated to reach up to HKD 80 million ($10.3 million). Another standout is a ring showcasing a 4.08-carat fancy-vivid-purple-pink diamond, expected to fetch as much as HKD 58 million ($7.4 million).
Other highlights include:
- A pair of Kashmir sapphire earrings with stones weighing 9.18 and 8.33 carats, estimated at HKD 28 million ($3.6 million).
- A ring featuring a 3.48-carat fancy-deep-blue diamond with pink and white accents, estimated at HKD 24 million ($3.1 million).
- A Cartier necklace with rare colored diamonds and natural pearls, valued at up to HKD 18 million ($2.3 million).
- Jewelry sets from Asprey and other designers featuring vivid yellow diamonds and Burmese rubies, each expected to reach up to HKD 18 million and HKD 15 million ($2.3 million and $1.9 million), respectively.
- A 20.02-carat D-flawless unmounted diamond, estimated at HKD 15 million ($1.9 million).
- A floral ring by Moussaieff centered on a fancy-purplish-red diamond, also projected to sell for as much as HKD 15 million.
In addition to marquee gems, Christie’s will offer several pieces with no reserve and others from renowned houses like Cartier, Harry Winston, Bulgari, and Tiffany & Co., reflecting continued global interest in high-end, collectible jewels.
International News
India Delegation Arrives In Paris For Three Days Of Learning, Business & Collaboration
Buyers, Institutional Investors, and Jewelers Are Guaranteed Strict Adherence To Exact Quality, Testing, and Traceability Standards. Silver From Any BIS-Approved Refinery Ensures A Verified Fineness and Purity
GJEPC has brought a delegation of 17 leading Indian jewellery manufacturers to Paris for an intensive three-day programme aimed at building business, design collaboration, and long-term partnerships with French buyers, retailers, designers, and luxury brands.The delegationwas led by Shaunak Parikh Vice Chairman, GJEPC
The strategic trade mission comes as India’s gem and jewellery exports to France surged 19.72% year-on-year, reaching US$ 478.78 million in FY 2025–26 (up from US$ 399.93 million in FY 2024–25). Key drivers of this growth include:
- Gold Jewellery Exports: US$ 159.53 million (+18.69%)
- Cut & Polished Diamonds: US$ 204.07 million (+4.69%)
Despite rapid growth, India currently holds a 3.8% share of France’s total US$ 12.61 billion gem and jewellery import market, highlighting significant untapped potential for Indian exporters.
Strategic Briefing at the Embassy of India
The delegation’s engagement commenced on 13 October with an expert briefing at the Embassy of India in Paris on “The French Market & the Marketing of Desirability.” The session focused on French consumer trends, luxury brand positioning, sustainability, and market entry strategies. Key insights were delivered by:
- Anish Kumar Singh, GJEPC Representative for France & Founder, Bhartiya Paris Club
- Dr. Marta Marcheva, Executive Director, Institut Sup de Luxe
- Céline Dassonville, CEO, ethiwork
The three-day initiative includes market visits, knowledge sessions, and high-level networking, culminating in an exclusive Buyer-Seller Meet (BSM) on 15 October 2026 at the Marriott Champs-Élysées, Paris.
Participating Indian Companies
The 17 Indian manufacturers representing the country’s high-end craftsmanship and design capabilities are: Asian Star Co. Ltd, DNJ Creation LLP, Fine Jewellery Manufacturing Ltd, Goldstar Jewellery Pvt. Ltd., KGK Creations (India) Pvt. Ltd., Malya Jewel Craft, Neysa Jewellery Ltd, NTS Navrattan Jewellers Pvt. Ltd., Patdiam Jewelry Ltd, Priority Jewels Ltd, Renaissance Global Ltd, S. Vinod Kumar Diamonds Pvt. Ltd., Sunjewels Pvt. Ltd., Supergems Jewellery, Tanvirkumar & Company, UniDesign Jewel, and Walking Tree Atelier Pvt. Ltd.
India Delegation Arrives In Paris For Three Days Of Learning, Business & Collaboration
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National News7 hours agoBIS Introduces The Silver Refinery Certification Scheme; Framework Introduces “India Good Delivery For Silver”
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National News8 hours agoAspect Bullion & Refinery Launches “India’s Biggest Gold Fest” With Zero Making Charges On Gold Coins and Bars
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National News8 hours agoGJEPC, ECGC Programme Underlines Recent Changes In Export Credit Insurance For The GJ Sector.
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International News5 hours agoIndia Delegation Arrives In Paris For Three Days Of Learning, Business & Collaboration
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