Ruby jewelry was the highlight of the "The Summer Edit: Luxury Online" auction held by Poly Auction in Hong Kong. The top lot of the sale was a ring featuring a 4.06-carat ruby and diamonds; it sold for HK$192,000 (US$24,492), falling within its pre-sale estimate range.
A total of 89 lots were sold at the auction, comprising both jewelry and watches.
A pair of earrings featuring Burmese rubies—in cushion and oval cuts with a combined weight of 22.68 carats—accented by rose-cut and round-cut diamonds, sold for HK$132,000 (US$16,837). This price was significantly lower than the estimated value, which ranged from US$31,889 to US$44,644.
Another pair of earrings, featuring six pear-shaped Mozambican rubies (weighing between 1 and 1.02 carats) alongside pear, marquise, and round-cut diamonds, sold for HK$120,000 (US$15,307). The estimated value for this lot was HK$110,000 to HK$150,000 (US$12,756 to US$19,133).
A bracelet featuring five Burmese rubies—in cushion and oval cuts with a total weight of 5.17 carats—and round-cut diamonds, offered at a Poly Auction sale with an estimate of $22,960–$35,716, sold for HKD 108,000 ($13,776).
A ring featuring an 11.12-carat cushion-cut spinel set with round-cut diamonds, estimated at $19,133–$31,889, sold for HKD 96,000 ($12,245).
Hélène Tarin, Editor-in-Chief of the Asian Bureau, Rough&Polished
Exclusive
Yoram Dvash: Industry unity, producer leadership and marketing investment key to natural diamond's future
The natural diamond industry is navigating a period of significant transition, but there are increasing signs that the foundations for a stronger and more positive future are being built, according to the World Federation of Diamond Bourses (WFDB)...
29 june 2026
AWDC: First fully traceable artisanal diamonds from DRC sold on the international market in Antwerp
In a historic milestone for the diamond industry, fully traceable, artisanal diamonds from the Democratic Republic of Congo have been sold on the international market for the very first time in Antwerp. Below, Ine Tassignon, AWDC spokesperson, provides...
22 june 2026
Natural diamonds most desired luxury jewellery, Gen Z spending double baby boomers, reveals De Beers report
Natural diamonds remain the most desired jewellery item among US consumers, with Millennials and Gen Z driving demand value and spending, according to De Beers Group’s The Diamond Report, which draws on the biannual Diamond Acquisition Study of 18,500...
15 june 2026
Edahn Golan: India’s lab-grown diamond exports surpass natural diamonds by volume, yet value gap widens
India’s diamond industry has reached a historic turning point. In March and April 2026, the volume of lab‑grown diamond exports overtook that of natural diamonds, with lab‑grown stones accounting for 51% and 50.4% of total export volume respectively...
01 june 2026
Dr M’zée Fula-Ngenge: Kimberley Process failing Africa
The Kimberley Process (KP) is failing Africa, and the world's definition of a “conflict diamond” is a moral and legal absurdity, according to the African Diamond Council (ADC) chairperson M’zée Fula-Ngenge. The following exclusive...
18 may 2026
