Sotheby's Hong Kong to Auction Magnificent Jewels Valued at $64 Million

p>On October 9, Sotheby's Hong Kong will present for auction an international fare of magnificent jewels, including flawless diamonds, colored diamonds, Burmese rubies, Kashmir sapphires, Colombian emeralds, natural pearls and much more. In all, Sotheby's will offer 390 lots with an estimated value of $64 million, according to artdaily.org.

One of our favorite pieces from the upcoming "Magnificent Jewels and Jadeite" auction is a fabulous 9.08-carat "pigeon’s blood" Burmese ruby and diamond ring designed by Cartier circa 1956. The ring's classic daisy motif features a center ruby from the famed Mogok Valley mine in Burma. This rare piece has an estimated value of $3-$3.8 million.

Complementing the Cartier ring is a unique suite by American jewelry designer James W. Currens. The cabochon ruby-and-diamond "Fireworks" necklace is comprised of 20 rubies totaling 108.13 carats. The matching earrings are adorned with four rubies weighing 27.39 carats. The necklace and earrings are valued at $2.4-$3.2 million. A matching "Fireworks" bracelet (not shown) features seven rubies totaling 42.55 carats and valued at $640,000 to $900,000.

Another piece expected to draw aggressive bidding is the Riviere Diamond Necklace by Nirav Modi. Exactly 72 D-color, internally flawless diamonds make up this extraordinary piece with a total weight of 88.88 carats and an estimated value of $4.5 million to $6.4 million. According to artdaily.org, the "8s" in carat weight were intended, as they symbolize prosperity and fortune in the Chinese culture.

Fabulous colored diamonds are also on the block. Check out these stunners: a 21.43-carat fancy vivid yellow diamond ring (estimated value: $1.2-$1.4 million) and a 10.15-carat fancy pink diamond ring (est. $2.3-$3 million).