Hong Kong—A 5-carat fancy vivid blue diamond ring will be the highlight of Sotheby’s upcoming jewelry auction in Hong Kong.
Named the “Ai” diamond after the Chinese word for love, the stone is expected to sell for between $12.5 and $15.3 million when it hits the block next month.
It is the leading lot in Sotheby’s Hong Kong Magnificent Jewels and Jadeite jewelry sale, slated for Oct. 3 at the Hong Kong Convention and Exhibition Centre.
In addition to the Ai diamond, the jewelry auction will feature a pair of earrings with old European brilliant-cut fancy vivid yellow diamonds weighing 51.17 carats total—“well-matched” in color, ton and saturation, Sotheby’s said—accented with white diamonds. They are designed to depict a fruitful harvest of melons flowering from their vines.
The earrings, pictured below, could sell for between $4.8 and $6.1 million.