A rare sapphire necklace known as the “Royal Blue” sold for HKD 125,450,000 ($16,131,051) at Christie’s Hong Kong on Tuesday, during the auction house’s Hong Kong Luxury Week Autumn 2025. The necklace, featuring 104.61 carats of Kashmir Royal Blue sapphires, was the highlight of the “Magnificent Jewels” sale and fell within its pre-sale estimate of HKD 100–150 million.
The sale signals continued strength in the Asian luxury market, even as Western markets face headwinds. The result underscores robust collector demand for rare colored gemstones and reinforces Christie’s position in Asia, particularly as the event marked the first anniversary of its Asia Pacific headquarters at The Henderson in Hong Kong.