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Rosamund Kwan auctions US$13 million of jewellery at Christie’s, and Hong Kong actress will donate part of proceeds to charity

South China Morning Post logo South China Morning Post 24/11/2022 Kylie Knott
  • Rosamund Kwan dominated Hong Kong films in the 1980s and '90s, before retiring and investing in property and jewellery, of which she is selling 51 pieces
  • The top lot in a Christie's auction of her jewellery is a 22-carat ruby and diamond ring estimated to sell for up to US$4.5 million

Rosamund Kwan dominated the Hong Kong film scene in the 1980s and '90s. Now some of her jewellery, an estimated HK$100 million (US$13 million) worth, is about to dazzle at auction.

Kwan, who starred in the Once Upon a Time in China franchise, alongside Chow Yun-fat in her debut film, The Head Hunter, and with Andy Lau in Casino Raiders, is selling 51 pieces at Christie's Magnificent Jewels live auction in Hong Kong on November 28. And magnificent they are.

"Top lot of her collection is a ruby and diamond ring estimated between HK$22 million and HK$35 million," Vickie Sek, chairman of the jewellery department for Christie's Asia-Pacific, told the Post.

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Another highlight, says Sek, is a 22.18 carat diamond and ruby pendant necklace, estimated between HK$13 million and HK$18 million.

Rosamund Kwan wears a ruby and diamond ring that's estimated to sell at auction for between HK$22 million and HK$35 million (US$2.8 million and US$4.5 million), and a diamond and ruby bracelet estimated to sell for between HK$500,000 and HK$800,000. Photo: Christie's Images © Provided by South China Morning Post Rosamund Kwan wears a ruby and diamond ring that's estimated to sell at auction for between HK$22 million and HK$35 million (US$2.8 million and US$4.5 million), and a diamond and ruby bracelet estimated to sell for between HK$500,000 and HK$800,000. Photo: Christie's Images

"Rosamund is not only a celebrated actress but also an enthusiastic investor, and jewellery is one of her favourite investments," says Sek. "She would rather choose a diamond with the best colour and clarity, even if the weight is not as significant as others, as it will always keep its value," she says.

The highlight vintage pieces in the sale are by jewellers including Cartier, Buccellati, Bulgari, Van Cleef & Arpels and Boghossian.

These diamond and ruby earrings are estimated to sell for between US$1.3 million and US$1.9 million. Photo: Christie's Images © Provided by South China Morning Post These diamond and ruby earrings are estimated to sell for between US$1.3 million and US$1.9 million. Photo: Christie's Images This diamond necklace is expected to sell for between US$380,000 and US$640,000. Photo: Christie's Images © Provided by South China Morning Post This diamond necklace is expected to sell for between US$380,000 and US$640,000. Photo: Christie's Images A 22.18 carat diamond and ruby pendant necklace, estimated to sell for between US$1.7 million and US$2.3 million, is also a highlight of the sale. Photo: Christie's Images © Provided by South China Morning Post A 22.18 carat diamond and ruby pendant necklace, estimated to sell for between US$1.7 million and US$2.3 million, is also a highlight of the sale. Photo: Christie's Images

"She has a discerning taste over a wide array of gemstones, including diamonds, coloured diamonds, rubies, natural pearls, jadeites and emeralds," Sek adds of the actress.

Sek says many of the pieces were bought during Kwan's overseas trips and reflect her love of all things vintage.

"She prefers jewellery designed in Europe, as that style is mostly vintage and understated, which really speaks to her."

Kwan has accumulated much wealth since retiring from acting in 2007, mostly from her investments in luxury properties. She also co-founded Hong Kong-based beauty brand RK Beauty with fellow actress Helen Ma.

In a video on Instagram promoting the auction, Kwun shares with her 100,000-plus followers that since the coronavirus pandemic began she has focused more on self care.

She also wants to invest more time on issues such as the environment and philanthropy. Part of the proceeds from the auction will be donated to charity.

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This article originally appeared on the South China Morning Post (www.scmp.com), the leading news media reporting on China and Asia.

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