CaratMouawad parure sells for $78,277 against a $153,085 high estimate
Bonhams Hong Kong sold the four-piece set for HKD 613,600 at its 2 September online sale, HKD 586,400 short of the high estimate. Every other named lot cleared inside its range.
The top lot missed. A Mouawad ruby, emerald and diamond parure led Bonhams' Hong Kong online sale at HKD 613,600, or $78,277. That is HKD 586,400 below the high estimate the house set.
If you consign a branded suite: price the reserve off the parts. The set made 51.1% of its high estimate.
If you buy at Hong Kong online sales: the band held. Three lots closed at HKD 179,200 each, all inside estimate.
What this is not: a read on rubies or emeralds. One lot, one house, one online session.
| Lot | Realized (HKD) | Realized (USD) | Against estimate |
|---|---|---|---|
| Mouawad ruby, emerald and diamond parure | 613,600 | $78,277 | 48.9% below high |
| Burmese jadeite ring, 2.90 ct diamonds | 281,600 | $35,924 | Inside range |
| Diamond necklace, detachable 1.66 ct stone | 179,200 | $22,860 | Inside range |
| 46 lavender jadeite beads, gem-set clasp | 179,200 | $22,860 | Inside range |
| Flower pendant, 5.02 ct fancy light yellow | 179,200 | $22,860 | Inside range |
IThe estimate missed by half
Half the top. Bonhams put HKD 1.2 million, or $153,085, on the parure at the top of its range for its 2 September online sale. It made HKD 613,600, or 51.1% of that mark.
The set is large. The suite runs to a necklace, a bracelet, earrings and a ring. It carries roughly 254 carats of gem material: 75 of rubies, 140 of emeralds and 39 of diamonds.
IIEvery other named lot held
Inside the range. A Burmese jadeite ring set with 2.90 carats of diamonds made HKD 281,600. Rapaport reports it sold within its estimates, as did each of the three lots below it.
Three lots tied. A diamond necklace with a detachable 1.66-carat stone, a necklace of 46 lavender jadeite beads and a fancy-light-yellow flower pendant each made HKD 179,200.
IIIBranded suites price on parts
The room was firm. The weakness sat in one lot, not in the session. Bulgari, Hermes and Chopard pieces also found buyers, Rapaport reports.
The rate implied. The paired Hong Kong dollar and US dollar figures imply a rate of 7.8388 to the dollar across both the result and the estimate.
01What would change this call+
A second Asian sale in which a branded suite clears its high estimate. That would make this one consignment mispriced, not a signal about how the room values a maker's name.
02What a parure is+
A parure is a matched suite of jewellery designed to be worn together, here a necklace, a bracelet, earrings and a ring in one gem palette. It is estimated and sold as a set, which is why a house's number on a parure is a bet on a buyer who wants all four pieces, not a sum of what the stones would fetch apart.
03Method · the desk’s arithmetic+
Figures are Rapaport's, published 7 September 2026 at 10:17:21 UTC and read from the article's own schema.org datePublished field. The sale is Bonhams' Online Jewellery, Hong Kong, held 2 September 2026. Rapaport carries the same result on a second page in rounded form, $78,200 against a $153,000 high estimate; the article body's $78,277 and $153,085 are used. The 48.9% shortfall, the 51.1% share of the high estimate, the HKD 586,400 difference, the 254 carats of gem material in the parure and the implied rate of 7.8388 Hong Kong dollars to the US dollar are Carat Capital's arithmetic on Rapaport's paired figures. Bonhams published no total for the session, so the parure's result cannot be set against a sale-wide figure.
39 of 48 lots away in Sydney, and the diamond still waits
The last Bonhams jewellery sale measured lot by lot here, in Sydney.
The trade, filed before the New York open.
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