Christie`s auction: Golconda diamond necklace may fetch $10 mn

Hong Kong: A pear and cushion-shaped diamond and emerald necklace, having two Golconda diamonds, is expected to fetch up to $10 million at Christie`s Hong Kong Magnificent Jewels auction here May 27.

The necklace ‘The Eye of Golconda’ comprises two rare Golconda diamonds, weighing 40.05 and 6.76 carats, respectively. "The former, the necklace`s centrepiece of imposing size, is the largest Golconda diamond ever available for auction in Asia," a statement said Monday. Golconda diamonds are often described as "diamonds of first water", characterised by an almost indefinable water-clear appearance that attest to their diaphanous quality and a degree of transparency rarely seen in stones from other localities, it added. The auction, consisting of over 300 lots, will unveil a 9.38 carats pear-shaped pink diamond, estimated to be worth between $5.8 million and $8.3 million. Apart from this, a range of vividly saturated Burmese rubies and sapphires, Colombian emeralds and exclusive vintage pieces from Bulgari -- an Italian jewellery and luxury goods company -- among others will be a part of this auction.