A Cartier jadeite bead, ruby and diamond necklace owned by Woolworth heiress Barbara Hutton (1912 – 1979) sold for more than $27.4 million at Sotheby’s Hong Kong Magnificent Jewels and Jadeite Auction, held Monday. The sale set world auction records for a jadeite jewel and for a Cartier jewel, the auction house said. It sold for more than double its estimate of $12.8 million.
A highly important jadeite bead, ruby and diamond necklace, Cartier, Circa 1933. Composed of twenty-seven graduated jadeite beads of highly translucent bright emerald green colour, completed by a clasp set with calibré-cut rubies and baguette diamonds, mounted in platinum and 18 karat yellow gold, length approximately 530mm, unsigned. Beads approximately 19.20 to 15.40mm. Provenance: Formerly in the collection of Barbara Hutton, Louise Van Allen and the Princess Nina Mdivani.
Jadeite jewellery: the transluscent gem that is revered in Chinese society
Rare and highly prized in China, Hong Kong and Taiwan, jadeite jewellery is soaring in its appeal. Francesca Fearon charts the rise of this valuable gem.