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Lot 105: Sri- Lankan & Madagascar Blue Sapphire and Diamond Necklace

KGK Jewellery (HK) Limited

July 10, 2020
Kowloon, Hong Kong

More About this Item


Description

Blue Sapphire and Diamond Necklace. 30.192 carats pear-shaped Sri- Lankan and Madagascar Blue sapphire, set within the surrounds of 15.904 carat round and pear-shaped diamonds to form an alternating patter of half and full petaled flower necklace of 18 karat white gold weighing 75.271 grams.

Condition Report

Overall, in excellent condition, mounting with very minor to no wear. Uncertified Natural Diamonds and Heated Color Stone.

Notes

In response to the inquiry, we can provide you with a general report of the condition of the property described above. we insist that you to consult with a restorer or conservator of your own choice, who will be better able to provide you with the details and help you with a professional report. Prospective buyers should carefully inspect each lot to satisfy themselves as to the conditions and must please understand that any statement made above is merely only a subjective qualified opinion. Illustrations in the catalogue may not be the actual size, shape, or color of the lot. Please be reminded that, unless the catalogue description specifically states that the stone is natural, we have assumed that some form of treatment may have been used or applied and that such treatment may or may not be permanent. Our presale estimates is set keeping this assumption in mind. Gemological certificates and their reports- referenced in the descriptions are reports issued by gemological laboratories and are provided only for the information of the bidders, and we do not take any guarantee nor do we accept any kind of responsibility for its accuracy, the terms or the information contained in the certificates or reports. Please also note that every laboratory may differ in its assessment of a gemstone/diamond/jewelry (including its origin and presence, clarity, color, cut, type and extent of treatments) and their certificates or reports may contain different results. Please note: we are neither notwithstanding this report nor any discussions concerning the conditions of a lot, all lots are offered to the prospective bidder and sold "as is" in accordance with the conditions of sale which is mentioned in the catalogue.

Request more information

Accepted forms of payment: Other, Wire Transfer

Shipping

• The qualified buyer shall pay all transportation and handling charges. Company can provide packing and transportation services on the request, or the buyer can arrange it by himself. Company will arrange transportation in 3-7 working days after receipt of full payment inclusive of all shipping, taxes and all charges eligible for goods to ship at qualified buyer's delivery point.
• The buyer shall be responsible for all taxes, duties, tariffs, Insurance or other taxes and pre-agreed charges as an when applicable in the exporting and the importing country of the qualified buyer.
• The eligible goods will be shipped within 24 hours after receipt of payment in full and confirmed by the company via e-mail to the qualified buyer.

Buyer's Premium

10.0%

From: To: Increment:
$0 $499 $100
$500 $999 $250
$1,000 $4,999 $300
$5,000 $7,999 $500
$8,000 $9,999 $1,000
$10,000 $14,999 $1,500
$15,000 $19,999 $2,000
$20,000 $24,999 $2,500
$25,000 $49,999 $3,000
$50,000 $79,999 $4,000
$80,000 $119,999 $5,000
$120,000 $199,999 $10,000
$200,000 $299,999 $15,000
$300,000 $499,999 $20,000
$500,000 $799,999 $30,000
$800,000 $999,999 $40,000
$1,000,000 $1,499,999 $50,000
$1,500,000 $1,799,999 $60,000
$1,800,000 $1,999,999 $80,000
$2,000,000 $4,999,999 $100,000
$5,000,000+ $150,000

Extended Bidding

5 minutes/bid

Terms & Conditions

Definition
• KGK Jewelry HK Ltd. will be referred as 'Company'
• Qualified bidder will be a person who meet the parameters defined by marketplace and who, he, gets the approval from the company, act to do so.
• Qualified Buyer is a person who bids and puts the highest price for the consigned goods and meets the reserve price.
• Reserve price is the minimum selling price. It is confidential and is not declared publicly.
• Hammer Price is the Price which is bid at the highest value, from the other bidders for the eligible consigned goods.
• Selling Price is the price which qualifies as the hammer price.
• Auctioneer- Person associated with the company who is in charge of conducting and hosting the auction.
Payment
• Accepted exclusive online wired transfer from bank to bank or other eligible online wallets as per mutually agreed and approved by the company, cash transaction will not be accepted in any case against goods sold.
• All successful online Buyers will receive an emailed invoice within 48 hours of the end of a sale. If the Buyer has not received any notification within 48 hours and if he does not report this to the company, Buyer remains responsible for all items purchased and retains the responsibility of providing payment. If Buyer fails to provide full invoice payment within seven business days of the sale, they will receive a negative feedback report associated with their online auction profile and will not be permitted to register for any future sales with the company and automatically at the discretion of the company the lot will be offered to second and third bidder, who bid for of the auctioned goods.
• Hammer Price is the price not inclusive of shipping charges, handling charges, Taxes, tariffs, duties of the importing and exporting country, Premiums and online sale charge (invaluable live charges) shall be solely borne by the qualified buyer.
• No refund of payments.
• All sale will be conduction in US dollar (USD) denomination.
Shipping
• The qualified buyer shall pay all transportation and handling charges. Company can provide packing and transportation services on the request, or the buyer can arrange it by himself. Company will arrange transportation in 3-7 working days after receipt of full payment inclusive of all shipping, taxes and all charges eligible for goods to ship at qualified buyer's delivery point.
• The buyer shall be responsible for all taxes, duties, tariffs, Insurance or other taxes and pre-agreed charges as an when applicable in the exporting and the importing country of the qualified buyer.
• The eligible goods will be shipped within 24 hours after receipt of payment in full and confirmed by the company via e-mail to the qualified buyer.

Conditions to sale
• The goods once sold are final, they are not eligible for any RETURN or any EXCEPTION whatsoever.
• A 10% Premium (5% buyer's premium and 5% Auction house premium) will be added to the hammer price of eligible goods sold.
• All descriptions and evaluations is our opinions, and neither the auctioneer nor the company provides any guarantee for the authenticity of the product. In any description, company does not make any form of guarantee regarding physical conditions, dimensions, quality, rarity and neutrality. The material, age, authenticity, provenance, culture, origin or historical significance of the properties, or any other any conditional statement are out of courtesy to the customer, they are just an opinion, and should not be regarded as a factual statement.
• Company/ auctioneer will have the final discretion to determine the successful bidder or to re-offer and resell the article in dispute. If any dispute arises, after the sale, the Company's sale record is conclusive of the event.
• The successful bidder as per the company records shall be under legal obligation to purchase the auctioned goods.
• By placing bid into the system, qualified bidder subscribe and agree to all the terms and condition specified by the company, if any queries to be raised it shall be prior to placement of bid.
• Placing a bid into the system signifies that the qualified buyer have examined the property to his satisfaction.
• In the event that any reserve price of a lot is not exceeded by any bidders bid, the Company/ auctioneer in its sole discretion with or without the knowledge of or notice to any bidder, may reduce any reserve price to an amount below the bid of bidder at any time during an auction and accept the bid made by bidder. Reserve prices are always the confidential information of the Company and are not disclosed to bidders unless specifically stated as such during bidding.
• All bids are binding, irrevocable and non-cancellable by bidder. The Company has final discretion on sale of goods. The decision of the Company/ auctioneer is final. In the unlikely event that we lose our internet connection or items have inappropriate data due to technical errors in the system such as images mismatched or not available, items with incorrect information, price or certificate, the Company reserves the right in its sole and absolute discretion to cancel the remainder of the auction and/or rescind all winning bids.
• The Company reserves the right to withdraw any lot at any time before, during or after the auction without liability. On the fall of the hammer or expiration of time in an online auction, ownership of the offered Goods will pass to the highest bidder acknowledged by the auctioneer, subject of fulfillment by the bidder, of all the conditions set forth herein, and such bidder thereupon, assumes solely full risk and responsibility thereof, but not limited to, insurance, fire, theft, removal and storage or damage from any and all causes, and will pay the full Purchase Price or such part as we may require.
• Bid Placed by mistake is no ground for cancellation.
• If bid is placed by representative of qualified buyer, then it will be construed as valid and legal bid.
• This policy can be changed/ amended/ added/ deleted as per the decision of the management at any point of time and the decision of the management of the company shall be binding and final on all the stakeholders.
Dispute
• The qualified buyer shall agree if any dispute arises between the parties the decision of the company/ auctioneer shall be final.
• The transactions between the company and the qualified buyer shall be governed by the laws applicable in HKSAR
• If any dispute arises between the parties it shall be referred to the company appointed arbitrator as an alternative dispute resolution system.

Premium

5% - Buyers Premium
5%- Invaluable Live charges
Total 10 % on the hammer price

Payment Terms

• Accepted exclusive online wired transfer from bank to bank or other eligible online wallets as per mutually agreed and approved by the company, cash transaction will not be accepted in any case against goods sold.
• All successful online Buyers will receive an emailed invoice within 48 hours of the end of a sale. If the Buyer has not received any notification within 48 hours and if he does not report this to the company, Buyer remains responsible for all items purchased and retains the responsibility of providing payment. If Buyer fails to provide full invoice payment within seven business days of the sale, they will receive a negative feedback report associated with their online auction profile and will not be permitted to register for any future sales with the company and automatically at the discretion of the company the lot will be offered to second and third bidder, who bid for of the auctioned goods.
• Hammer Price is the price not inclusive of shipping charges, handling charges, Taxes, tariffs, duties of the importing and exporting country, Premiums and online sale charge (invaluable live charges) shall be solely borne by the qualified buyer.
• No refund of payments.
• All sale will be conduction in US dollar (USD) denomination.

Shipping Terms

• The qualified buyer shall pay all transportation and handling charges. Company can provide packing and transportation services on the request, or the buyer can arrange it by himself. Company will arrange transportation in 3-7 working days after receipt of full payment inclusive of all shipping, taxes and all charges eligible for goods to ship at qualified buyer's delivery point.
• The buyer shall be responsible for all taxes, duties, tariffs, Insurance or other taxes and pre-agreed charges as an when applicable in the exporting and the importing country of the qualified buyer.
• The eligible goods will be shipped within 24 hours after receipt of payment in full and confirmed by the company via e-mail to the qualified buyer.