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JADEITE RING SELLS FOR $2.6 MILLION AT AUCTION AS DEMAND FOR GEMS SOARS

JADEITE RING SELLS FOR $2.6 MILLION AT AUCTION AS DEMAND FOR GEMS SOARS
Source: The Vancouver Sun - (19/08/2013)

Topics: Jewellery

Dennis Sun, a Hong Kong jewelry collector, has been buying jade for three decades. Lately, it has been harder to snag the perfect piece as mainland Chinese buyers drive prices through the roof. At a Christie’s auction in May, he watched a jadeite ring sell for about HK$20 million ($2.6 million), or five times its estimated price. Last month, he bought a jade bangle for almost HK$1 million even though the colour and quality weren’t all had hoped for. “The prices went up so high, if I don’t...


Did You Know?
Football is the most popular sport. Another sport is Chinlone, where players pass a ball around without using their hands. The focus of this game is not competition, but rather how beautifully one plays it. Lethwei, a... ... More

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COUNTRY SNAPSHOT
GDP 2010 USD 45.4 B
GDP 2012 USD 54.0 B
Inflation 9.13 %
Unemployment Approx. 35%
GDP growth 2011 5.5 %
FDI 2011 USD 1.05 B
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