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Rare Colored Gems Take Center Stage at Bonhams Hong Kong Auction

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A dazzling array of colored diamonds and rare gemstones will headline Bonhams’ upcoming Jewels and Jadeite sale in Hong Kong on May 22, with standout pieces expected to fetch up to HKD 5 million ($640,000).

Leading the sale is a striking pink diamond ring featuring a 1.08-carat, fancy vivid pink, internally flawless diamond. The modified shield brilliant-cut stone is mounted in a contemporary setting and surrounded by 13.90 carats of round brilliant and tapered baguette-cut diamonds.

Also among the top highlights:

  • The Kat Florence Lumina, an unmounted 181.61-carat cushion-cut greenish-blue Paraiba-type tourmaline, shares the spotlight with the pink diamond, both carrying an estimate of HKD 5 million ($640,000).
  • A pair of ruby and diamond earrings by Harry Winston, with center rubies weighing 6.98 and 6.96 carats, is expected to fetch up to HKD 3.8 million ($490,000).
  • A ruby and diamond fringe necklace, showcasing 44 oval Burmese rubies totaling 49.09 carats and a prominent pendant ruby, could reach HKD 2.8 million ($360,000).
  • A 7.03-carat fancy vivid yellow diamond ring, internally flawless, is estimated at HKD 2.5 million ($320,000).
  • A Cartier panther bracelet, set with 18.10 carats of diamonds, 12 carats of sapphires, emerald eyes, and an onyx nose, also carries an estimate of HKD 2.5 million ($320,000).
  • A 15.06-carat orange-red Tanzanian spinel ring, flanked by diamonds, may achieve HKD 2 million ($260,000).

Rounding out the top lots are several vibrant yellow and Paraiba tourmaline rings, each estimated between HKD 1.5 million and HKD 1.9 million ($190,000–$240,000).

Renowned names such as Harry Winston, Cartier, and Bulgari will be represented, offering collectors a rare chance to acquire exceptional pieces from leading design houses.

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DiamondBuzz

Diamond Slump forces Debswana to diversify into copper, platinum and solar

Diamond-centric mining models is giving way to broader resource portfolios

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Debswana Diamond Company, the 50–50 joint venture between the Botswana government and De Beers, is moving to diversify into copper, platinum and renewable energy as the prolonged downturn in natural diamond demand pressures earnings and forces the industry to rethink its growth strategy.

The company’s board has approved plans to invest in a portfolio of non-diamond projects after revenue fell 46% in 2024, the latest available financial year, highlighting the scale of the downturn in the global diamond market.

The move signals a strategic shift toward commodities with stronger long-term demand fundamentals, particularly copper, which is central to global electrification and energy-transition infrastructure.

Debswana’s diversification reflects a broader industry pivot as diamond producers confront weak consumer demand, rising competition from lab-grown stones and elevated inventories across the supply chain.

The shift is also visible among smaller exploration companies. Botswana Diamonds recently rebranded as Botswana Minerals, signalling its own strategic focus on copper exploration rather than diamonds.

Together, these moves underscore a growing consensus across the sector: the era of diamond-centric mining models is giving way to broader resource portfolios anchored in energy-transition metals.

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