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Eurojade - Le Spécialiste du Jade - The Jade Specialist

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April 2014

On April 7th at Sotheby's in Hong Kong, a jadeite bead necklace with a Cartier clasp called the Hutton-Mdivani necklace sold for US$ 27.4 million at Sotheby’s, smashing its pre-sale high estimate of US$ 12 million and setting a new world record for any jadeite jewelry and Cartier jewel sold at auction. The piece boasts 27 jadeite beads of “magnificent green color, excellent translucency, extremely fine texture and majestic proportions,” according to Sotheby’s. The Cartier Collection bought the necklace.

 

photos copyright Sotheby's

The Cartier archive records the beads being in their possession in 1933 when an innovative clasp was designed especially for the Hutton family. The necklace was then presented as a wedding gift in the same year to Barbara Hutton from her father on the occasion of her marriage to Prince Mdivani. It was first worn publically by Barbara Hutton at her 21st birthday party, and remained in the Mdivani family for over five decades until it was first sold at auction in 1988 for US$ 2 million / HK$ 15.6 million and made news headlines as the most expensive piece of jadeite jewellery in the world. Six years later in 1994 it was offered at auction again in Hong Kong, this time doubling its previous price to achieve US$ 4.2 million / HK$ 33 million and once again bringing the price of jadeite jewellery to a new level. Widely known as the most important piece of jadeite jewellery to date, this necklace comprises 27 highly translucent beads of perfectly matched colour, extremely fine texture and extraordinary majestic proportions ranging from 19.20 to 15.40 mm in diameter, as well as a patina and polish consistent with the fine craftsmanship from the late Qing period.

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