The Phillips auctions Bulgari necklacewill be held in Hong Kong. Yes, you have now a chance to buy an exquisite necklace designed by Bulgari that will be put in the auction by Phillips in Hong Kong on May 23 as part of the auction house's upcoming Jewels & Jadeite Auction.
The necklace has never before been put up for sale from a private collection, and this will be the very first time that it does so.
The centerpiece of the necklace is an exceptionally rare sapphirefrom Sri Lanka cut into the form of a cushion and weighing 118.35 carats. The sapphire is formed like a cushion.
It goes by the name "Royal Blue," and experts predict that it will fetch anywhere from $3.2 million to $4.5 million when it goes up for auction.
When Lucia Silvestri, executive director of jewelrydesign and gems acquisition at Bulgari, first held the stone more than 20 years ago (prior to it being realized in 2004), she recalled the following:
I was so impressed and touched that I still remember the emotion I felt.- When Lucia Silvestri
During an interview, a representative from Bulgari explained the exceptional qualities of Sri Lankan sapphires like the one featured in the upcoming Phillips auction in Hong Kong.
According to the representative, these sapphires possess a unique "transparency and luminosity" that imbues them with a radiant quality that is reminiscent of gems suffused with light and joy.
This quality makes them the ideal choice for use in a Bulgari piece, where the gemstone should be nothing short of perfect.
The representative further elaborated on the gemstone featured in the necklace, describing it as a rare Sri Lankan sapphire with a cushion shape that weighs an impressive 118.35 carats
Known as "Royal Blue," this sapphire has never been offered for sale from a private collection, making the upcoming Phillips auction a unique opportunity for collectors to acquire a one-of-a-kind piece.
Although the representative confirmed that the sapphire is of Sri Lankan origin, they did not disclose its specific source.
However, it is widely acknowledged that Sri Lanka has been producing some of the world's finest sapphires for centuries, and the island nation's gems are highly sought after by connoisseurs and collectors alike.
With an estimated price tag of between $3.2 million and $4.5 million, the Bulgari necklace is sure to attract significant interest from bidders when it goes up for auction in May.
Benoit Repellin, who is the worldwide head of jewelry for Phillips, made the following statement in a press release:
This one-of-a-kind necklace’s clean and sleek lines, elegant geometry, and the unusual horizontal setting of the 118.35-carat Sri Lankan sapphire are all elements that afford it a timeless modern appeal. Unique in its size, color, and origin, the stone embodies the transparency and luminosity pursued by Bulgari for its High Jewellery creations. This jewel is a holy grail for any collector, with a classic and elegant design typical of Bulgari that emphasizes the beauty and extraordinariness of the gem.- Benoit Repellin
After making its debut on March 18, the piece is now being shown at the newly opened Asia headquarters of Philips in Hong Kong, where it will continue to be on display until it is eventually placed up for auction.
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After there, it will proceed with the rest of its trip around the world, making stops in New York, Singapore, Taipei, and Geneva along the way.