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The $6.9 million pair of jadeite bangles. (Photo Credit: Tiancheng International Auctioneers)



  Pair of jadeite bangles sell in Hong Kong for $6.9 million


June 22, 2013


A pair of jadeite bangles has been sold in Hong Kong for a mouth-dropping $6.9 million. The buyer, who was unnamed, delivered his bid by telephone during the sale conducted by Tiancheng International Auctioneers on June 15.

Unsurprisingly, the jadeite bangles were the most valuable items sold in the auction, which generated about $37 million in sales. About 79 percent of the items on offer by value were sold.

The cylindrical jadeite bangles are about 5 centimeters in diameter and are of a highly-prized translucent bright green color. They were carved from the same piece of rough, which was sourced in Burma (Myanmar).

"Their size is large and as they were carved from the same rough, it would have had to be very big so that there was enough material to carve two similar bangles," said Ellen Sin, director of Tiancheng's jewelry department, speaking to the British Daily Mail. "The two bangles have a fine texture and translucent with very few impurities, the most desired quality of jadeite. It is so rare to find a big rough with very fine quality texture. They are top quality and when they are carved from the same piece of rough they are invaluable jewels."

Other highlights of the sale were three natural unheated Burmese ruby and diamond necklaces that sold for $3.2 million, $2.13 million and $680,000.

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