羅芙奧香港2013秋季拍賣會：珍藏珠寶及翡翠首飾 Ravenel Autumn Auction 2013 Hong Kong: Fine Jewels and Jadeite

IMPORTANT NOTICE TO BUYERS The auction will strictly abide by the rules and regulations set out by Ravenel Auction Hong Kong Ltd. Prior to participating in the auction, bidders are advised to read and understand the following regulations: 1.

Interested parties must complete the registration procedures with valid personal identifications (i.e. Identification card, Passport, etc.). The completion of a registration form and the payment of a security deposit are required.

2.

Security deposit in the amount of HK$500,000.

3.

The security deposit of HK$500,000 must be transferred to Ravenel's specified Bank account prior to 20th November 2013, details as follow: Beneficiary's Name: Ravenel Auction Hong Kong Limited Beneficiary Bank's Name: The Hongkong and Shanghai Banking Corporation Limited Beneficiary Bank Address: 1 Queen's Road Central, Hong Kong SWIFT Code: HSBCHKHHHKH Beneficiary's Account No: 808-347959-292 (HKD) The bank should be notified that the transfer must be exactly $500,000HKD. The payer will be responsible for any associated bank service fees.

4.

After the 20th November 2013, parties interested in obtaining a paddle number must submit a cash security deposit in the amount of HK$500,000 during the Hong Kong previews (From 22nd to 23rd, and 25th November 2013) or two hours prior to the commencement of the auction on the day thereof. Acceptance will cease half an hour prior to the commencement of the auction. (No other forms of payment will be accepted).

5.

Telephone/written/ internet bids: In the event that the bidder chooses not to be present at venue on the day of the auction, the bidder may place a bid through means of a telephone, written or internet bid. A registration form must be completed and the security deposit transferred to Ravenel's specified Bank account before the 20th November 2013.

Alternately, the interested party may make a cash payment of HK$500,000 to obtain a paddle number for the purposes of placing a telephone/written/internet bid(s).

6.

If the security deposit has been transferred prior to the 20th November 2013, suitable proof or documentation is required. Once this information is verified, the payer will be contacted for details of his/her paddle number.

7.

If the payment of the security deposit is made on the day of the auction, the payer may obtain his/her paddle number with valid personal identification (i.e. Identification Card, passport, etc.) for purposes of verification.

8.

Return of the Security Deposit: (1) Completed Transaction: For successful bidder with a security deposit made through wire transfer, the hammer price and buyer's premium will be deducted from the security deposit, any remaining value will be returned to the successful bidder within 14 business days through means of a wire transfer. For bidders with security deposit made

by Cash, the hammer price and buyer's premium will be deducted from the security deposit, any remaining value will be returned to the successful bidder within 14 business days through means of a cash refund.

(2) Nil Transaction: For individuals with a security deposit transferred by wire, the security deposit will be returned within 14 business days through means of a wire transfer. Cash security deposit will be returned to individuals on the same day after the auction.

9.

Successful bidder must settle the payment (hammer price with buyer's premium) prior to receiving the lot(s) on site. If the price exceeds the amount of the security deposit, the successful bidder may settle the outstanding balance through the following means: (1) A cash payment in HKD (2) A credit or China UnionPay payment: The credit payment must not exceed HK$500,000. The holder of the credit card or China UnionPay must be the successful bidder, credit payments from any title except for the successful bidder will not be permitted nor accepted.

10. Ravenel Auction Hong Kong Ltd. retains full discretion to accept or decline a payment in the event of any unforeseen disputes or discrepancies.

Contact Person HONG KONG Kelly Yang kellyyang@ravenel.com +852 2889 0859 ext.783 TAIPEI Dannie Lin dannielin@ravenel.com +886 2708 9868 ext.976

給予買家的重要通知

本拍賣會依據「羅芙奧香港拍賣有限公司拍賣規則」舉行，請在參加拍賣會之前仔細閱讀，充分理解以下 規則： 1.

有意參與競投的買家需事前辦理登記申請手續：請出示有效證件 ( 如：身份證明、護照…) 並填寫登記 文件以及繳納保證金。

2.

保證金 : 港幣五十萬元。

3.

保證金需於 2013 年 11 月 20 日以前完成匯款至本公司指定帳號如下 : Beneficiary's Name: Ravenel Auction Hong Kong Limited Beneficiary Bank's Name: The Hongkong and Shanghai Banking Corporation Limited Beneficiary Bank Address: 1 Queen's Road Central, Hong Kong SWIFT Code: HSBCHKHHHKH Beneficiary's Account No: 808-347959-292 (HKD) 匯款時請指示銀行本公司需實收港幣五十萬元整 , 銀行手續費請匯款人負擔。

4.

2013 年 11 月 20 日之後，若欲參與競投領取牌號者需於香港拍賣預展期間 (2013 年 11 月 22 日至 23 日、 25 日 ) 或拍賣當日拍賣開始前 2 小時以港幣現鈔五十萬元支付 ( 恕不接受除現金之外之其他繳納方式 )， 收款將於拍賣前半小時截止。

5.

電話／書面／網路競投 : 競投者如不能出席拍賣會，可透過電話／書面／網路方式進行競投。登記申請 手續以及保證金之繳納亦需在 2013 年 11 月 20 日以前完成匯款至本公司指定帳號。

6.

如於 2013 年 11 月 20 日以前完成保證金匯款，請提供我方可證明已匯款的證明文件。確認收到保證金 匯款後，我們將與競投者聯繫並與之確認其競標牌號。

7.

拍賣當天已繳納保證金之競投者欲領取所登記的牌號時，請出示有效證件 ( 如：身份證明、護照…) 以 確認身份。

8.

保證金退還方式 : (1) 有成交 : 保證金以「匯款」方式完成者，扣除應支付予本公司之款項 ( 包含落槌價、佣金及其他費用 ) 後，若有餘額需退還，本公司將於拍賣日後十四個工作天內以匯款方式退還給買家。保證金以「現 金」方式完成者，扣除應支付予本公司之款項 ( 包含落槌價、佣金及其他費用 ) 後，若有餘額需退還， 本公司將於拍賣當日以現金退還給買家。 (2) 未成交 : 保證金以「匯款」方式完成者，本公司將於拍賣日後十四個工作天內以匯款方式退還給買 家。保證金以「現金」方式完成者，本公司將於拍賣當日以現金退還給買家。

9.

若成功得標買方欲現場取貨，買方之應付款項 ( 落槌價與佣金 ) 金額超過保證金金額時，買方得以下列 方式結清帳款 : (1) 港幣現鈔。 (2) 信用卡與銀聯卡 : 刷卡上限為港幣五十萬元。信用卡與銀聯卡持有人必需是買家本人，本公司不接 受他人之信用卡。

10. 羅芙奧香港拍賣有限公司有權在發生任何不可預見的糾紛或矛盾的狀況之下，對於接受或拒絕付款（包 含保證金）保留全部的決定權。

諮詢 香港 楊千嬅 kellyyang@ravenel.com +852 2889 0859 ext.783 台北 林品妘 dannielin@ravenel.com +886 2708 9868 ext.976

RAVENEL AUTUMN AUCTION 2013 HONG KONG Fine Jewels and Jadeite

羅芙奧香港 2013 秋季拍賣會 珍藏珠寶及翡翠首飾

AUCTION

拍賣日期 / 地點

Tuesday, 26 Nov 2013, 5:30pm Grand Hyatt Hong Kong (Residence) 1 Harbour Road, Wanchai, Hong Kong

2013年11月26日（星期二） 下午5:30 香港君悅酒店（君寓） 香港灣仔港灣道1號

PREVIEWS

預展日期 / 地點

Taichung

台中 2013年11月9日（六） 下午1:00至下午6:00 2013年11月10日（日） 上午11:00至下午6:00 寶輝建設接待中心 台中市市政北二路與惠來路交叉口

Saturday, 9 Nov 2013, 1:00pm - 6;00pm Sunday, 10 Nov 2013, 11:00am - 6:00pm Pao-huei Construction Reception Center Intersection of Shizheng North 2nd Road and Huilai Road, Taichung, Taiwan

Taipei

Saturday, 16 Nov 2013, 10:00am - 7:00pm Sunday, 17 Nov 2013, 10:00am - 7:00pm Fubon National Conference Centre B2, No.108, Sec. 1, Dunhua South Road, Taipei, Taiwan

Hong Kong

Friday, 22 Nov 2013, 2:00pm - 7:00pm Saturday, 23 Nov 2013, 10:00am - 7:00pm Grand Hyatt Hong Kong - Tiffin 1 Harbour Road, Wanchai, Hong Kong Monday, 25 Nov 2013, 2:00pm - 7:00pm Grand Hyatt Hong Kong - Residence 1 Harbour Road, Wanchai, Hong Kong

台北 2013年11月16日（六） 上午10:00至下午7:00 2013年11月17日（日） 上午10:00至下午7:00 富邦人壽大樓國際會議中心 台北市敦化南路一段108號B2 香港 2013年11月22日（五） 下午2:00至下午7:00 2013年11月23日（六） 上午10:00至下午7:00 香港君悅酒店（M樓茶園） 香港灣仔港灣道1號 2013年11月25日（一） 下午2:00至下午7:00 香港君悅酒店（君寓） 香港灣仔港灣道1號

As requested by the Buyer, we are delighted to offer the condition reports of all the auction items, provided, however, such items will be sold “as is”. In addition, the Buyer is requested to take note of the transaction agreement and the explanations of the provisions regarding the notice of noguarantee. This auction catalogue: HK$ 300 per copy

Arthur WANG 王鎮華

Chairman 董事長

Clara KUO 郭倩如

Vice Chairman 副董事長

Lorries CHANG 張增偉

C.E.O. 執行長

林品妘 Dannie Lin

張淳茹 Sabrina Chang

F.G.A D.G.A 資深珠寶專家 Senior Specialist, Jewelry Department

營運部 協理

張雁茹 Virginia Chang

簡詩蕙 Raze Kan

客戶發展與服務部總經理 President, Client Development and Services Department

楊千嬅 Kelly Yang 初級專家 Junior Specialist

陳芊如 Carrie Chen 客戶發展與服務部 高級專員 Senior Coordinator, Client Development and Services Department

Senior Manager Operation Department

營運部 營運專員 Operation Officer Operation Department

王俊達 Dylan Wang 香港公司在台辦事處 專員

HK Office in Taiwan Coordinator CONSULTANT AND WRITER

趙婷 Ting Chao F.G.A

RAVENEL STAFF AND SERVICES FOR THIS SALE JEWELRY CONSULTANTS Senior Specialist, Jewelry Department Dannie Lin Tel: +886 2 2708 9868 ext. 976 Email: dannielin@ravenel.com

PHONE BIDS AND WRITTEN BIDS Taiwan Carrie Chen Tel: +886 2 2708 9868 ext. 975 Email: carriechen@ravenel.com

COLLECTION AND SHIPPING Remarks: If you are unable to attend the auction in person, you may tender the bid by phone or you may use the absentee bid forms attached at the back of the auction catalogue to tender your bid. It is also possible to bid online for selected lots. Please refer to ravenel.com for more information.

In view of the limited phone line services at the auction, please inform us 24 hours prior to the auction for phone bidding arrangements, in particular to those who need foreign language assistance for the bidding.

Taiwan Dylan Wang Tel: +886 2 2708 9868 ext.973 Email: dylanwang@ravenel.com

Hong Kong, International Raze Kan Tel: +852 2889 0859 ext.732 Email: razekan@ravenel.com

China Jason Dong Tel: +86 10 8587 8099 ext.22 Email: jasondong@ravenel.com

Hong Kong Kelly Yang Tel: +852 2889 0859 ext. 783 Email: kellyyang@ravenel.com

Beijing Helen Zhang Tel: +86 10 8587 8099 ext. 21 Email: helenzhang@ravenel.com

Shanghai Echo Yang Tel: +86 21 2411 9575 Email: echoyang@ravenel.com

International Dannie Lin Tel: +886 2 2708 9868 ext. 976 Email: dannielin@ravenel.com

CATALOGUE SUBSCRIPTION Taiwan Carrie Chen Tel: +886 2 2708 9868 ext.975 Email: carriechen@ravenel.com

Hong Kong, International Raze Kan Tel: +852 2889 0859 ext.732 Email: razekan@ravenel.com

Beijing Helen Zhang Tel: +86 10 8587 8099 ext.21 Email: helenzhang@ravenel.com

Shanghai Echo Yang Tel: +86 21 2411 9575 Email: echoyang@ravenel.com The catalogues are available for subscription.

For details of subscription, please refer to the explanations of the catalogue or contact the above persons.

Online BidS Register at LiveAuctioneers www.liveauctioneers.com/sign-up

Remarks: All the items auctioned may be collected upon receipt of payments. The Buyers are requested to arrange for collection as soon as possible to facilitate warehouse inventory circulation and centralize management. We accept personal and corporate checks, however collection may be made only when such checks are honored.

We apologize for no acceptance of traveler’s checks. Other items may be collected at the Ravenel office during the business hours from 9:30 am to 6:30 pm, Monday to Friday.

Our professional administration department may make recommendations of arrangement or the most appropriate transportation for you.

Ravenel is glad to provide you with the condition report of any of the items at the auction, however, the buyers must note that all the items at the auction are sold “as is”. Please refer to the Transaction Agreement at the back of the catalogue, under the “Transaction Agreement to the Buyers”.

羅芙奧香港 2013 秋季拍賣會服務部門及連絡人 珠寶諮詢專家

取貨及運輸事宜 註一：如您無法親臨拍賣現場，可以電話投 標方式競標；亦可利用附在此目錄後面之委 託競投表格；或可參與網上競投，詳情請洽 羅芙奧官方網頁。

台灣

香港．國際

台灣

註二：鑑於拍賣現場電話有限，欲以電話投 標方式競標的投標者，請於拍賣前24小時通 知我們為您安排，尤其對需用外國語言服務 之投標者。

陳芊如 電話：+886 2 2708 9868 轉 975 電子信箱：carriechen@ravenel.com

目錄訂閱

香港

台灣

楊千嬅 電話：+852 2889 0859 轉 783 電子信箱：kellyyang@ravenel.com

陳芊如 電話：+886 2 2708 9868 轉975 電子信箱：carriechen@ravenel.com

北京

香港．國際

張鶴軒 電話：+86 10 8587 8099 轉21 電子信箱：helenzhang@ravenel.com

簡詩蕙 電話：+852 2889 0859 轉 732 電子信箱：razekan@ravenel.com

上海

北京

楊琴 電話：+86 21 2411 9575 電子信箱：echoyang@ravenel.com

張鶴軒 電話：+86 10 8587 8099 轉21 電子信箱：helenzhang@ravenel.com

其它地區

上海

林品妘 電話：+886 2 2708 9868 轉 976 電子信箱：dannielin@ravenel.com

楊琴 電話：+86 21 2411 9575 電子信箱：echoyang@ravenel.com

資深珠寶專家 林品妘 電話：+886 2 2708 9868 轉 976 電子信箱：dannielin@ravenel.com

電話書面競標聯絡人

本目錄開放各界訂閱，詳細訂閱辦法，請參 照目錄之說明或請洽上述聯絡人。

網上競投 請前往 LiveAuctioneers 註冊 www.liveauctioneers.com/sign-up

王俊達 電話：+886 2 2708 9868 轉973 電子信箱：dylanwang@ravenel.com

簡詩蕙 電話：+852 2889 0859 轉 732 電子信箱：razekan@ravenel.com

中國 董戈 電話：+86 10 8587 8099 轉22 電子信箱：jasondong@ravenel.com 註一：所有拍品在貨款結清後，即可取貨； 買家請儘早通知安排取貨事宜，以利倉庫存 貨流通和集中安排辦理，本公司接受個人及 公司支票付款，惟需在兌現後始能提貨。恕 不接受旅行支票付款。其他各項貨品可在羅 芙奧辦公室提領，上班時間為週一至週五上 午9:30至下午6:30。 註二：我們的專業行政部門可為您建議或安 排最適當的運輸方式。 羅芙奧樂意提供您本次拍賣當中任何一項拍 品的狀況報告書，惟準買家需注意拍品均是 以「當時認定」之狀況賣出，相關細項請參 照目錄後之業務規則。請參照買家需注意事 項。

目次 / Contents 4

給予買家的重要通知

Important Notice To Buyers 6

羅芙奧秋季拍賣會

Sale Information 7

羅芙奧之服務

Ravenel Services 12

珍藏珠寶及翡翠首飾

Fine Jewels and Jadeite 102

鑽石之4C分級

Diamonds The 4 C’s 103

戒指尺寸換算表

Conversion Charts 104

索引與簡歷

Index and Biographies 105

業務規則

Transaction Agreement 111

委託競投表格

Absentee Bid Form

封面 Front Cover : Lot 796 封底 Back Cover : Lot 770

702

701

701

A JADEITE AND DIAMOND RING 緬甸天然翡翠配鑽石戒指

Designed as an openwork tapered broad band with irregular edges, set with round and oval jadeite cabochons of very good translucency and bright green color, with brilliant-cut diamond details, mounted in 18k oxidized gold, largest jadeite cabochon approximately 3.8 x 3.5 x 1.3 mm, ring size 7

Accompanied by report no. SJ78428 dated 12 September 2013 from the Hong Kong Jade & Stone Laboratory stating that the cabochon tested is natural color jadeite jade (type A) and no resin is detected

HK$ 20,000 - 38,000 US$ NT$

702

2,600 - 4,900 77,000 - 146,000

A JADEITE AND DIAMOND RING 緬甸天然翡翠配鑽石戒指

Set with an oval jadeite cabochon of emerald green color and good translucency, within a brilliant-cut diamond openwork and pierced bombé panel, to the brilliant-cut diamond bifurcated shoulders, mounted in 18k yellow and white gold, jadeite cabochon approximately 8.5 x 6.6 x 1.6 mm, ring size 5 ¼

Accompanied by report no. SJ78425 dated 12 September 2013 from the Hong Kong Jade & Stone Laboratory stating that the cabochon is natural color jadeite jade (type A) and no resin is detected

HK$ 20,000 - 38,000 US$ NT$ Ravenel

12

All lots highlighted with red title are to be sold "without reserve"

2,600 - 4,900 77,000 - 146,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

703

704

703

A JADEITE BANGLE 緬甸天然翡翠手鐲

The semi-cylindrical circular jadeite band of translucent material, suffused with bright green streaks to the celadon background, inner diameter approximately 55.3 mm, width approximately 13.6 mm, thickness approximately 7.4-7.7 mm

Accompanied by report no. SJ78423 dated 12 September 2013 from the Hong Kong Jade & Stone Laboratory stating that the bangle is natural color jadeite jade (type A) and no resin is detected

HK$ 28,000 - 38,000 US$ NT$

704

3,600 - 4,900 108,000 - 146,000

A MULTI-GEM AND DIAMOND BROOCH 彩色藍寶石、縞瑪瑙與鑽石胸針

Designed as three owls perched on a branch, each with calibré-cut ruby and pink sapphire body, to the pavé-set ruby, pink sapphire and diamond head, enhanced by black onyx wings, crystal eyes and diamond tail, mounted in 18k yellow and white gold, 5.2 cm wide

HK$ 38,000 - 48,000 US$ NT$

4,900 - 6,200 146,000 - 185,000

705

705

A JADE CARVING 白玉“吉祥如意”擺件

Of carved as a semi-translucent ruyi of pale celadon color, carving approximately 15.1 cm long

Accompanied by report no. SJ78422 dated 12 September 2013 from the Hong Kong Jade & Stone Laboratory stating that the carving is natural nephrite jade and no resin is detected

HK$ 30,000 - 50,000 US$ NT$ Ravenel

14

3,900 - 6,500 115,000 - 192,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

706

706

A JADE CARVING 白玉“吉祥如意”擺件

Of carved as a semi-translucent ruyi of pale celadon color, carving approximately 18.6 cm long

Accompanied by report no. SJ78421 dated 12 September 2013 from the Hong Kong Jade & Stone Laboratory stating that the carving is natural nephrite jade and no resin is detected

HK$ 50,000 - 70,000 US$ NT$

6,500 - 9,000 192,000 - 269,000

707

708

707

A SET OF KUNZITE AND DIAMOND JEWELRY 粉色紫鋰輝石配鑽石吊墜，耳墜及戒指套裝

Comprising a pendant, set with an oval-cut kunzite weighing approximately 24.35 carats, to the brilliant-cut diamond openwork scrolled surround and line top; a pair of ear pendants and ring en suite, mounted in white gold, pendant 3.7 cm long, ear pendants 4.5 cm long, ring size 6 ½

HK$ 220,000 - 300,000 US$ NT$

708

28,400 - 38,700 846,000 - 1,154,000

A MULTI-GEM AND DIAMOND BROOCH 紅寶石與鑽石青蛙胸針

Designed as a calibré-cut ruby and pavé-set diamond frog enhanced by cabochon ruby eyes, to the brilliant-cut diamond and color-treated diamond lily pad with diamond collet accents, mounted in 18k yellow and white gold, 7.5 cm wide

HK$ 100,000 - 140,000 US$ NT$ Ravenel

16

12,900 - 18,100 385,000 - 538,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

709

710

709

A MULTI-GEM AND DIAMOND BROOCH 紅寶石、粉紅藍寶石與鑽石烏龜胸針

Designed as a sea turtle with calibré-cut ruby and pink sapphire shell, to the pavé-set diamond and pink sapphire border, flippers and head, enhanced by cabochon ruby eyes, resting on the brilliant-cut diamond and color-treated diamond openwork lily pad, mounted in 18k white gold, 7.8 cm wide

HK$ 110,000 - 150,000 US$ NT$

710

14,200 - 19,400 423,000 - 577,000

A JADEITE AND DIAMOND BROOCH/PENDANT 緬甸天然翡翠配鑽石胸針

Designed as a brilliant-cut diamond scorpion, the tale enhanced with jadeite plaque of highly translucent intense emerald green material, mounted in 18k white gold, jadeite plaque 27.9 x 6.2 x 4.0 mm approximately

Accompanied by report no. SJ74983 dated 23 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the plaque is natural color jadeite jade (type A) and no resin is detected

HK$ 380,000 - 480,000

US$ 49,000 - 61,900 NT$ 1,462,000 - 1,846,000

711

711

A PAIR OF EMERALD, DIAMOND AND PEARL EAR PENDANTS 哥倫比亞祖母綠配鑽石及珍珠耳墜，附GRS證書

Each set with a sugarloaf emerald weighing approximately 9.67 and 9.88 carats within brilliant-cut yellow diamond surround, the reverse, designed as a rose-cut diamond and green garnet flowerheads to the yellow diamond rays, surmounted by brilliant-cut diamonds and yellow diamonds with seed pearl and briolette accents, suspended from the pear-shaped emerald and yellow diamond top, mounted in 18k yellow and white gold, 4.2 cm long

Accompanied by report no. GRS2012-062282 dated 12 June 2012 from the Gem Research Swiss Lab stating that the 9.67 and 9.88 carat emeralds are of Colombian origin with insignificant enhancement

HK$ 320,000 - 420,000

Ravenel

18

US$ 41,300 - 54,200 NT$ 1,231,000 - 1,615,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

712

713

712

A JADEITE, DIAMOND AND CULTURED PEARL BROOCH 緬甸天然翡翠配鑽石及珍珠胸針

Designed as tree, with vari-shaped cabochon jadeite leaves of bright green color and high translucency, enhanced by pearl and brilliant-cut diamond flowers and rose-cut diamond buds, mounted in 14k white gold, 6.9 cm long

Accompanied by report no. SJ78430 dated 12 September 2013 from the Hong Kong Jade & Stone Laboratory stating that the cabochon tested is natural color jadeite jade (type A) and no resin is detected

HK$ 90,000 - 120,000 US$ NT$

713

11,600 - 15,500 346,000 - 462,000

A SET OF JADEITE AND DIAMOND JEWELRY 緬甸天然冰種翡翠配鑽石吊墜，耳墜及戒指套裝

Comprising a pendant, set with a colorless carved jadeite eggplant of icy material, suspended from a butterfly surmount with four pear-shaped faceted jadeite wings of vivid emerald green color and very good translucency, to brilliant-cut diamond frame; a pair of ear pendants and ring en suite, mounted in white gold, largest jadeite eggplant approximately 19.3 x 11.6 x 6.4 mm, pendant 4.5 cm long, ear pendants 4.0 cm long, ring size 7 ¼

Accompanied by report nos. KJ80650, KJ80651, KJ80652 and KJ80663 dated 15 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the eggplant tested are natural color jadeite jade (type A) and no resin is detected

HK$ 180,000 - 260,000 US$ NT$ Ravenel

20

23,200 - 33,500 692,000 - 1,000,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

715

714 716

714

A JADEITE AND DIAMOND RING 緬甸天然冰種翡翠貔貅配鑽石戒指

Set with a colorless carved jadeite mythical beast of icy material, surrounded by brilliant-cut diamond scrolls and accents, to the bifurcated 14k white gold band, jadeite carving approximately 16.1 x 10.9 x 7.6 mm, ring size 7 ½

Accompanied by report no. SJ74443 dated 15 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the carving is natural color jadeite jade (type A) and no resin is detected

HK$ 70,000 - 100,000 US$ NT$

715

9,000 - 12,900 269,000 - 385,000

A JADEITE AND DIAMOND RING 緬甸天然翡翠蛋面配鑽石戒指

Of crossover design, each terminal set with an oval jadeite cabochon of icy and intense emerald green material, spaced by a row of marquise-cut diamonds, to the 14k white gold band, largest jadeite cabochon approximately 8.4 x 6.4 x 2.3 mm, ring size 6 ¾

Accompanied by report nos. SJ74429 and SJ74430 dated 15 July 2013 from the Hong Kong Jade & Stone Laboratory stating that both cabochons are natural color jadeite jade (type A) and no resin is detected

HK$ 150,000 - 200,000 US$ NT$

716

19,400 - 25,800 577,000 - 769,000

A JADEITE AND DIAMOND RING 緬甸天然翡翠蛋面配鑽石戒指

Set with a row of round jadeite cabochons of very good translucency and intense green color, enhanced by brilliant-cut diamond borders, to the openwork band with foliate and scroll motifs, mounted in 18k white gold, largest jadeite cabochon approximately 3.8 x 2.4 mm, ring size 6 ½

Accompanied by report no. KJ80672 dated 15 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the cabochon tested is natural color jadeite jade (type A) and no resin is detected

HK$ 50,000 - 75,000 US$ NT$

6,500 - 9,700 192,000 - 288,000

718

717

717

A SAPPHIRE AND DIAMOND DRESS SET, BY PIAGET 藍寶石與鑽石袖扣套裝，PIAGET

Comprising a pair of cuff links, each designed as a square panel with calibré-cut sapphire centre and brilliant-cut diamond borders, joined by a white gold bar link to a calibré-cut sapphire swivel terminal; and three shirt studs en suite, mounted in 18k white gold, with French assay marks for gold

Signed Piaget

HK$ 80,000 - 100,000 US$ NT$

718

10,300 - 12,900 308,000 - 385,000

A SAPPHIRE AND DIAMOND RING, BY DILYS' 藍寶石與鑽石戒指，DILYS'

The front section of geometrical design, set with square and oval-cut sapphires enhanced by brilliant-cut diamond details, suspending rose-cut diamond collets, to the sapphire and diamond bifurcated shoulders, mounted in 18k white and oxidized gold, ring size 6 ½

Signed Dilys'

HK$ 32,000 - 38,000 US$ NT$ Ravenel

22

4,100 - 4,900 123,000 - 146,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

719

720

719

A TANZANITE AND DIAMOND RING 8.33克拉枕形坦桑石配鑽石戒指

Set with an cushion-shaped tanzanite weighing 8.33 carats, to the brilliant-cut and pavé-set diamond surround and two-tiered half-hoop, mounted in 18k white gold, ring size 6 ½

HK$ 34,000 - 42,000 US$ NT$

720

4,400 - 5,400 131,000 - 162,000

A TANZANITE, DIAMOND AND PEARL PENDANT NECKLACE 34.95克拉坦桑石配鑽石及珍珠吊墜，附DSEF證書

Set with a pear-shaped tanzanite weighing approximately 34.95 carats, surrounded and surmounted by seed pearl and brilliant-cut diamond details,, suspended from the pavé-set brilliant-cut diamond top, to the diamond collet chain, mounted in 18k whited gold, 44.0 cm long

Accompanied by report no.020353 dated 19 December 2011 from Deutsche Stiftung Edelsteinforschung (DSEF) stating that the tanzanite is natural color with no indications of thermal enhancement

HK$ 120,000 - 160,000 US$ NT$

15,500 - 20,600 462,000 - 615,000

721

721

A STRAND OF GOLDEN SOUTH SEA CULTURED PEARL NECKLACE 南洋養殖金色珍珠項鍊

Comprising thirty-three graduated golden cultured pearls measuring approximately from 10.8 mm to 14.2 mm , to the silver clasp, 39.0 cm long

HK$ 100,000 - 160,000 US$ NT$ Ravenel

24

12,900 - 20,600 385,000 - 615,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

723 722

722

A GOLDEN SOUTH SEA CULTURED PEARL AND DIAMOND RING, BY DILYS' 南洋養殖金色珍珠配鑽石戒指，DILYS'

Set with a golden cultured pearl measuring approximately 14.0-14.4 x 12.7 mm , within a brilliant-cut diamond frame enhanced by marquise and brilliantcut diamond detail, to the brilliant-cut diamond bifurcated shoulders, mounted in 18k yellow and white gold, ring size 6 ¼

Signed Dilys'

HK$ 42,000 - 65,000 US$ NT$

723

5,400 - 8,400 162,000 - 250,000

A PAIR OF GOLDEN SOUTH SEA CULTURED PEARL AND DIAMOND EARRINGS, BY DILYS' 南洋養殖金色珍珠配鑽石耳環，DILYS'

Each set with a golden cultured pearl measuring approximately 12.5 x 12.1 mm and 12.4 x 12.0 mm , to the detachable brilliant and rose-cut diamond and colored diamond scrolled jacket, mounted in 18k yellow and white gold, 3.5 cm long

Signed Dilys'

HK$ 24,000 - 28,000 US$ NT$

3,100 - 3,600 92,000 - 108,000

724

724

A STRAND OF WHITE SOUTH SEA CULTURED PEARL NECLACE 南洋養殖白色珍珠項鍊

Comprising twenty-five graduated white cultured pearls measuring approximately from 16.0 mm to 19.1 mm , to the brilliant-cut diamond pavé-set boule clasp, 39.0 cm long

HK$ 280,000 - 360,000 US$ 36,100 - 46,500 NT$ 1,077,000 - 1,385,000 Ravenel

26

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

(side view)

725

726

725

A SET OF SOUTH SEA CULTURED PEARL AND DIAMOND JEWELRY, BY DILYS' 南洋養殖珍珠配鑽石戒指及耳環套裝，DILYS'

Comprising a ring, centering upon a cultured pearl measuring approximately 14.6 x 14.9 mm within a brilliant-cut diamond surround hoop enhanced by a rose-cut diamond terminal flanked to one side, by an interlocked black diamond hoop shoulder, and a pair of earrings en suite with cultured pearls, mounted in 18k white gold, ring size 8, earring 2.3 cm long

Signed Dilys'

HK$ 32,000 - 42,000 US$ NT$

726

4,100 - 5,400 123,000 - 162,000

A SOUTH SEA CULTURED PEARL AND DIAMOND BROOCH 南洋養殖珍珠配鑽石胸針

Designed as a brilliant-cut and pavé-set diamond feather, enhanced by a cultured pearl measuring approximately 14.9-15.1 x 15.1 cm, mounted in white gold, 11.0 cm long

HK$ 100,000 - 150,000 US$ NT$

12,900 - 19,400 385,000 - 577,000

727 (reduced)

727

A STRAND OF GOLDEN SOUTH SEA CULTURED PEARL NECKLACE 南洋養殖金色珍珠項鍊

Comprising thirty-three graduated cultured pearls measuring approximately from 12.1 mm to 14.6 mm , to the brilliant-cut diamond pavé-set boule clasp, 41.3 cm long

Accompanied by report no.2155644533 dated 18 September 2013 from the Gemological Institute of America stating that all the golden pearls are natural color with no indications of treatment

HK$ 190,000 - 240,000 US$ NT$ Ravenel

28

24,500 - 31,000 731,000 - 923,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

728

728

A RUBELLITE, TSAVORITE GARNET AND DIAMOND PENDANT 117.52克拉蛋面紅碧璽與沙弗萊石配鑽石吊墜，附GRS證書

Centering upon an oval-shaped cabochon rubellite weighing 117.52 carats, surrounded and surmounted by vari-cut tsavorite garnet and diamond cluster, mounted in white gold, 7.5 cm long

Accompanied by report no.GRS2012-012277 dated 20 Juanuary 2012 from the Gem Research Swiss Lab stating that the 117.52 carat rubellite is of Nigerian origin with no indication of treatments

HK$ 260,000 - 300,000

US$ 33,500 - 38,700 NT$ 1,000,000 - 1,154,000

729

729

A SET OF GREEN TOURMALINE AND DIAMOND JEWELRY 綠色碧璽配鑽石吊墜，耳墜及戒指套裝

Comprising a pendant, set with a line of two square-shaped green tourmalines each within a brilliant-cut diamond frame, spaced by diamond collets to the brilliant-cut diamond line top; a pair of ear pendants and ring en suite, mounted in 14k white gold, pendant 4.0 cm long, ear pendants 4.5 cm long, ring size 6 ¾

HK$ 190,000 - 260,000 US$ NT$ Ravenel

30

24,500 - 33,500 731,000 - 1,000,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

730

(side view)

730

A RUBELLITE, RUBY AND DIAMOND RING 46.50克拉紅碧璽配鑽石戒指

Set with a sugarloaf rubellite weighing approximately 46.50 carats, within the brilliant-cut diamond frame and marquise-cut ruby border, to the bifurcated shoulders, mounted in 18k yellow and white gold, ring size 6 ½

HK$ 120,000 - 150,000 US$ NT$

15,500 - 19,400 462,000 - 577,000

731

732

731

A RUBY AND DIAMOND RING 2.21克拉緬甸天然“鴿血紅”紅寶石配鑽石戒指，附GRS證書

Set with an oval-shaped ruby weighing approximately 2.21 carats, within a pear-shaped diamond surround, to the brilliant-cut diamond shoulders, mounted in 18k whited gold, ring size 6 ¼

Accompanied by report no.GRS2012-020136T dated 13 February 2012 from the Gem Research Swiss Lab stating that the ruby is of Burmese origin, vivid red color (GRS type "Pigeon's blood") with no indication of thermal treatment

HK$ 140,000 - 220,000 US$ NT$

732

18,100 - 28,400 538,000 - 846,000

A STAR SAPPHIRE, COLORED DIAMOND AND DIAMOND RING, BY DILYS' 5.76克拉星彩紫色藍寶石、彩色藍寶石與鑽石戒指，附GRS證書，DILYS'

Set with a purplish star sapphire weighing 5.76 carats, designed as a flower with brilliant-cut daimond pistils and colored sapphire petals, joined to the rose and brilliant-cut diamond half-hoop, mounted in 18k rose and white gold, ring size 6 ½

Signed Dilys' Accompanied by report no. GRS2011-101857 dated 19 October 2011 from Gem Research Swiss Labstating that the 5.76 carat star sapphire is of Sri Lanka origin with no indication of thermal treatment

HK$ 50,000 - 65,000 US$ NT$ Ravenel

32

6,500 - 8,400 192,000 - 250,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

734

733

733

SET OF SIX UNMOUNTED RUBIES 六顆緬甸天然“鴿血紅”紅寶石，附GRS證書

Comprising six circular-cut, pear and oval-shaped unmounted rubies

Accompanied by reports dated from 30 November 2011 to 9 April 2013, from the Gem Research Swiss Lab stating that all the rubies are of Burmese origin, vivid red color (GRS type "Pigeon's Blood") with no indication of thermal treatment

HK$ 380,000 - 420,000

734

US$ 49,000 - 54,200 NT$ 1,462,000 - 1,615,000

SET OF EIGHT UNMOUNTED RUBIES 八顆橢圓形緬甸天然“鴿血紅”紅寶石，附GRS證書

Comprising eight oval-shaped unmounted rubies

Accompanied by reports dated from 15 May 2012 to 16 May 2013 from the Gem Research Swiss Lab stating that all the rubies are of Burmese origin, vivid red color (GRS type "Pigeon's Blood") with no indication of thermal treatment

HK$ 480,000 - 550,000

US$ 61,900 - 71,000 NT$ 1,846,000 - 2,115,000

吉祥如玉 翡翠材質以不琢原味為貴，不過藏家欣賞玉的角度還要有趣 味，是看那人文工藝的精細雕琢，還看那用在朦朧柔美又 富藏千變萬化的紋路材質上如何取捨表現，十足 「挑、剔 」。找到對的角度，集中美感創意，呈現出一幅幅彷彿山水 景色或巧妙的景緻。從材質的運用、造型藝術性、俐落流暢 的工法技術、俏色的安排到整體成品美感的佈局，都是欣賞 玉石雕件的著眼處。薄意浮雕或作鏤空紋賦予希冀，有的玲 瓏、有的講求意境。尤其是翡翠雕工精美者更會得到「乾隆 玉」的美稱，價值自然提昇到藝術品的層次。 此次囊括數件具有吉祥意涵的翡翠擺件，其中「蒸蒸日 上」、「翠玉白菜」，祝福一年的辛勤和豐收。此次蘊雅呈 現多件翡翠精品，皆為能滿足藏家玩味品鑑之經典逸品。

Although the most expensive jadeite are uncut, collectors still have their own likes and dislikes in appreciating jade. They look at the level of refinement and exquisiteness in the cutting as well as the display of the soft but ever-changing grains. They are extremely "particular" of these qualities. The gemstone sculptor combines his appreciation for art and creativity with the proper angles to present exquisite works that appear to have been formed by nature. Appraising jade carvings can range from the use of material to the artistry of the appearance, the smooth cutting skill, the arrangement of the color, and the layout of the whole work. Some relief carvings or openwork grains are delicate, while others simply express an artistic idea. Works of skilled emerald sculptors may even be hailed as "Qianlong Jade," for which they will be valued as great masterpieces.

Two classic jadeite carving works, "Thriving and Flourishing" and "Jadeite Cabbage with Insects," are dedicated to bringing ample blessings in a harvest year. At this year's Autumn Auction, Ravenel presents many graceful jadeite boutiques and classic carving works, all wish to satisfied collector's taste.

Ravenel

34

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

735 (reduced) 735

JADEITE "YI BEN WAN LI" ORNAMENT 天然翡翠雕“一本萬利，招財進寶”擺件

Comprising of two light green jadeite carvings of translucent material, both old men wearing glasses and holding purses and fans, one written "yi ben wan li" and the other "zhao cai jin bao", accompanied by a wooden stand and thirty-four coins, carving of old men approximately 77.7 x 48.8 x 47.4 mm and 79.7 x 50.3 x 46.7 mm respectively

Accompanied by report no. SJ78145 dated 9 September 2013 from the Hong Kong Jade & Stone Laboratory stating that the carving tested is natural color jadeite jade (type A) and no resin is detected

HK$ 60,000 - 80,000 US$ NT$

7,700 - 10,300 231,000 - 308,000

736 (reduced)

736

A JADEITE CARVING 緬甸天然翡翠翠玉白菜擺件

The translucent material of lavender color with bright green and yellow patches, carved as a cabbage with an insect resting on the leaf, accompanied by a carved wooden stand, jadeite carving approximately 121.8 x 62.1 x 24.6 mm

Accompanied by report no. KJ81597 dated 2 September 2013 from the Hone Kong Jade & Stone Laboratory stating that the vegetable carving is natural color jadeite jade (type A) and no resin is detected

HK$ 60,000 - 80,000 US$ NT$ Ravenel

36

7,700 - 10,300 231,000 - 308,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

737 (reduced)

737

A JADEITE CARVING 緬甸天然春帶彩翡翠福壽雙全彌勒佛擺件

The translucent material of lavender color with bright green veins, carved as a laughing buddha holding purse, bambou and peaches with a bat on it, representing the rebus "May you enjoy both happiness and longevity", accompanied by a carved wooden stand, jadeite carving approximately 92.8 x 127.0 x 51.6 mm

Accompanied by report no. KJ81596 dated 2 September 2013 from the Hone Kong Jade & Stone Laboratory stating that the buddha carving is natural color jadeite jade (type A) and no resin is detected

HK$ 80,000 - 100,000 US$ NT$

10,300 - 12,900 308,000 - 385,000

738 (reduced)

738

A GROUP OF JADEITE CARVINGS 緬甸天然翡翠蒸蒸日上擺件

Comprising seven carved jadeite steam containers, of celadon, pale green and lavender color ground suffused with bright green and honey yellow veins, representing the rebus "may your business prosper", accompanied by a wooden stand, largest steam container approximately 52.8 x 15.9 mm

Accompanied by report no. KJ81598 dated 2 September 2013 from the Hong Kong Jade & Stone Laboratory stating that the steam container carving tested is natural color jadeite jade (type A) and no resin is detected

HK$ 360,000 - 400,000

Ravenel

38

US$ 46,500 - 51,600 NT$ 1,385,000 - 1,538,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

739

740

739

A JADEITE AND DIAMOND PENDANT 緬甸天然翡翠平安扣吊墜

Set with a jadeite disc of translucent material, suffused with bright green streaks to the celadon background, the front carved with a dragon and a phoenix, to the reverse carved with raised nail-headed bosses and ruyi , suspended from an oval jadeite cabochon top enhanced by brilliant-cut diamond frame, mounted in 14k white gold, jadeite disc diameter approximately 50.2 mm, thickness approximately 9.7 mm, 6.8 cm long

Accompanied by report nos. SJ74416 and SJ74417 dated 15 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the disc and cabochon are natural color jadeite jade (type A) and no resin is detected

HK$ 260,000 - 300,000

740

US$ 33,500 - 38,700 NT$ 1,000,000 - 1,154,000

A JADEITE AND DIAMOND PENDANT 緬甸天然冰種翡翠彌勒佛配鑽石吊墜

The highly translucent icy jadeite, carved as a Laughing Buddha, suspended from a bright green oval-shaped jadeite cabochon framed with brilliant-cut diamonds, mounted in 14k white gold, largest jadeite approximately 46.5 x 48.6 x 12.2 mm

Accompanied by report no. SJ75003 dated 23 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the Laughing Buddha is natural color jadeite jade (type A) and no resin is detected

HK$ 360,000 - 420,000

US$ 46,500 - 54,200 NT$ 1,385,000 - 1,615,000

741

742

741

A PAIR OF JADEITE AND DIAMOND EAR PENDANTS 緬甸天然翡翠茄子配鑽石耳墜

Each set with a carved jadeite eggplant of highly translucent material and intense honey to russet color, to the brilliant-cut diamond surmount and twin line top, mounted in white gold, largest eggplant approximately 22.1 x 5.9 x 3.4 mm, 4.0 cm long

Accompanied by report nos. KJ80617 and KJ80618 dated 15 July 2013 from the Hong Kong Jade & Stone Laboratory stating that both eggplants are natural color jadeite jade (type A) and no resin is detected

HK$ 60,000 - 75,000 US$ NT$

742

7,700 - 9,700 231,000 - 288,000

A JADEITE AND DIAMOND PENDANT 緬甸天然翡翠配鑽石吊墜

Set with a tapered carved jadeite plaque depicting a ruyi , of very good translucency and rich honey color suffused with russet streaks, to the brilliant-cut diamond frame and rich green jadeite cabochon surmount, suspended from a matte white gold eternity knot and brilliant-cut diamond top, mounted in 18k white gold, jadeite plaque approximately 34.4 x 7.5 - 10.7 x 5.7 mm, 5.1 cm long

Accompanied by report no. SJ74442 dated15 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the jadeite plaque is natural color jadeite jade (type A) and no resin is detected

HK$ 120,000 - 150,000 US$ NT$ Ravenel

40

15,500 - 19,400 462,000 - 577,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

744

743

743

A SET OF JADEITE AND DIAMOND JEWELRY 緬甸天然翡翠葫蘆配鑽石戒指及吊墜套裝

Comprising a ring, set with a carved jadeite double-gourd of very good translucency and intense honey material, suffused with russet streaks, to the brilliant-cut diamond hoop shoulders suspending a rose-cut diamond collet; and a pendant en suite, mounted in 14k white gold, largest jadeite doublegourd approximatlely 22.5 x 9.6 x 6.8 mm, ring size 6 ¾, pendant 3.9 cm long

Accompanied by report nos. KJ80648 and KJ80649 dated 15 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the double-gourds tested are natural color jadeite jade (type A) and no resin is detected

HK$ 120,000 - 180,000 US$ NT$

744

15,500 - 23,200 462,000 - 692,000

A SET OF JADEITE AND DIAMOND JEWELRY 緬甸天然翡翠蛋面配鑽石吊墜，耳墜及戒指套裝

Comprising a pendant, set with a russet oval jadeite cabochon of very good translucency, to the brilliant-cut diamond scalloped surround and drop-shaped top; a pair of ear pendants and ring en suite, mounted in white gold, largest jadeite cabochon approximately 11.7 x 10.1 x 5.1 mm, pendant 2.3 cm long, ear pendants 3.0 cm long, ring size 8 ½

Accompanied by report nos. KJ80622, KJ80623, KJ80625 and KJ80626 dated 15 July 2013 from the Hong Kong Jade & Stone Laboratory stating that all the cabochons are natural color jadeite jade (type A) and no resin is detected

HK$ 180,000 - 280,000 US$ NT$

23,200 - 36,100 692,000 - 1,077,000

745

746

745

A JADEITE AND DIAMOND PENDANT 緬甸天然翡翠蛋面配鑽石吊墜

Designed as a cluster of oval jadeite cabochons of intense green color and very good translucency, to the brilliant-cut diamond scalloped frame and surmount, suspended from the brilliant-cut diamond and oval jadeite cabochon top of matching material, mounted in 18k white gold (with concealed hook), largest jadeite cabochon approximately 7.4 x 5.4 x 2.8 mm, 3.2 cm long

Accompanied by report no. KJ80671 dated 15 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the cabochon tested is natural color jadeite jade (type A) and no resin is detected

HK$ 120,000 - 170,000 US$ NT$

746

15,500 - 21,900 462,000 - 654,000

A JADEITE AND DIAMOND RING 緬甸天然翡翠配鑽石戒指

Set with a rectangular jadeite plaque of very good translucency and intense emerald green color, flanked on each side by three pear-shaped rose-cut diamonds, to the brilliant-cut diamond frame and bifurcated shoulders, mounted in 18k white gold, jadeite plaque approximately 12.8 x 7.2 x 1.6 mm, ring size 6 ¾

Accompanied by report no. SJ74980 dated 23 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the plaque is natural color jadeite jade (type A) and no resin is detected

HK$ 100,000 - 150,000 US$ NT$ Ravenel

42

12,900 - 19,400 385,000 - 577,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

748

747

747

A JADEITE AND DIAMOND RING 緬甸天然翡翠配鑽石戒指

Of crossover design, each terminal set with two carved icy jadeite buds of vivid emerald green color, to the pavé-set diamond surround and shoulders, mounted in 18k white gold, largest jadeite bud approximately 11.6 x 8.2 x 3.1 mm, ring size 6 ¼

Accompanied by report no. KJ80673 dated 15 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the bud tested is natural color jadeite jade (type A) and no resin is detected

HK$ 100,000 - 130,000 US$ NT$

748

12,900 - 16,800 385,000 - 500,000

A JADEITE AND DIAMOND RING 緬甸天然翡翠配鑽石戒指

Set with two lozenge-shaped jadeite plaques of highly translucent and brilliant green material, to the brilliant-cut diamond scrolled terminals and undulating twin row shoulders, mounted in 18k white gold, largest jadeite plaque approximately 9.3 x 9.1 x 3.3 mm, ring size 7

Accompanied by report nos. SJ74427 and SJ74428 dated 15 July 2013 from the Hong Kong Jade & Stone Laboratory stating that both plaques are natural color jadeite jade (type A) and no resin is detected

HK$ 150,000 - 180,000 US$ NT$

19,400 - 23,200 577,000 - 692,000

750

749

749

A SET OF JADEITE AND DIAMOND JEWELRY 緬甸天然翡翠福豆配鑽石吊墜及耳墜套裝

Comprising a pendant, set with a highly translucent carved jadeite peapod of brilliant emerald green color, to the brilliant-cut diamond top; and a pair of ear pendants en suite, mounted in white gold, largest jadeite peapod approximately 20.4 x 8.6 x 4.0 mm, pendant 2.5 cm long, ear pendants 4.0 cm long

Accompanied by report nos. KJ80619, KJ80620 and KJ80621 dated 15 July 2013 from the Hong Kong Jade & Stone Laboratory stating that all the peapods are natural color jadeite jade (type A) and no resin is detected

HK$ 360,000 - 400,000

750

US$ 46,500 - 51,600 NT$ 1,385,000 - 1,538,000

A JADEITE AND DIAMOND RING 緬甸天然翡翠福豆配鑽石戒指

Set with a bright green carved jadeite peapod of highly translucent material, enhanced with round jadeite cabochons and brilliant-cut diamond scrolls and foliates, to the brilliant-cut diamond twin row shoulders, mounted in 14k white gold, jadeite peapod approximately 21.2 x 7.6 x 3.3 mm, ring size 7 ¾

Accompanied by report no. KJ80646 dated 15 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the peapod and cabochons are natural color jadeite jade (type A) and no resin is detected

HK$ 360,000 - 400,000

Ravenel

44

US$ 46,500 - 51,600 NT$ 1,385,000 - 1,538,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

751

752

751

A JADEITE AND DIAMOND PENDANT 緬甸天然翡翠如意配鑽石吊墜

The highly translucent carved jadeite ruyi of brilliant emerald green color, to the undulating brilliant-cut diamond twin row frame and line top, mounted in 14k white gold, jadeite ruyi approximately 35.1 x 12.8 x 3.4 mm, 4.7 cm long

Accompanied by report no. SJ74998 dated 23 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the ruyi is natural color jadeite jade (type A) and no resin is detected

HK$ 380,000 - 480,000

752

US$ 49,000 - 61,900 NT$ 1,462,000 - 1,846,000

A JADEITE AND DIAMOND PENDANT 緬甸天然翡翠福瓜配鑽石吊墜

Set with a highly translucent carved jadeite melon of intense emerald green color, suspended from a princess-cut diamond lozenge-shaped top, mounted in white gold, melon approximately 36.4 x11.8 x 6.6 mm, 4.5 cm long

Accompanied by report no. KJ80616 dated 15 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the melon is natural color jadeite jade (type A) and no resin is detected

HK$ 850,000 - 1,000,000

US$ 109,700 - 129,000 NT$ 3,269,000 - 3,846,000

753

753

A PAIR OF JADEITE AND DIAMOND EARRINGS 緬甸天然翡翠蛋面配鑽石耳環

Each set with an oval jadeite cabochon of highly translucent and strong emerald green material, to the brilliant-cut diamond frame and rose-cut diamond terminal, mounted in 14k white gold, largest jadeite cabochon approximately 12.4 x 9.6 x 3.5 mm, 2.0 cm long

Accompanied by report no. SJ74989 dated 23 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the cabochon tested is natural color jadeite jade (type A) and no resin is detected

HK$ 600,000 - 750,000

Ravenel

46

US$ 77,400 - 96,800 NT$ 2,308,000 - 2,885,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

754

754

A PAIR OF JADEITE AND DIAMOND EAR PENDANTS 緬甸天然翡翠佛手瓜配鑽石耳墜

Each set with a carved jadeite finger citron of very good translucency and bright emerald green color, to the brilliant-cut diamond line surmount with a flowerhead spacer, suspended from a brilliant-cut diamond lozenge-shaped top, mounted in white gold, largest finger citron approximately 20.9 x 9.4 x 5.2 mm, 6.5 cm long

Accompanied by report nos. KJ80612 and KJ80615 dated 15 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the finger citrons are natural color jadeite jade (type A) and no resin is detected

HK$ 3550,000 - 700,000

US$ 71,000 - 90,300 NT$ 2,115,000 - 2,692,000

755

755

A JADEITE AND DIAMOND RING 緬甸天然翡翠葫蘆配鑽石戒指

Centring upon a carved jadeite double-gourd of highly translucent bright emerald green material, to the brilliant-cut diamond gallery frame and bifurcated shoulders, mounted in 14k white gold, jadeite double-gourd approximately 18.3 x 11.0 x 5.4 mm, ring size 6

Accompanied by report no. SJ74982 dated 23 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the double-gourd is natural color jadeite jade (type A) and no resin is detected

HK$ 1,000,000 - 1,300,000

Ravenel

48

US$ 129,000 - 167,700 NT$ 3,846,000 - 5,000,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

757

756

756

A COLORED DIAMOND AND DIAMOND PENDANT NECKLACE 彩鑽與鑽石吊墜項鍊，附GIA證書

The pendant, designed as a line of emerald-cut diamond and fancy vivid yellow and pink diamond weighing approximately 1.01, 0.70 and 0.38 carats respectively, each within a brilliant-cut diamond surround, suspended from a fine chain with diamond and pink diamond collet spacers, mounted in platinum and 18k white, yellow and pink gold, 41.0 cm long

Accompanied by report no. 11808170 dated 11 January 2002 from the Gemological Institute of America stating that the 1.01 carat diamond is F color, VS1 clarity Accompanied by report no. 11396419 dated 5 January 2001 from the Gemological Institute of America stating that the 0.70 carat diamond is fancy vivid yellow, natural color

HK$ 260,000 - 300,000 US$ 33,500 - 38,700 NT$ 1,000,000 - 1,154,000

757

A COLORED DIAMOND AND DIAMOND RING 0.38克拉方形彩藍鑽石與彩鑽配鑽石戒指，附GIA證書

Set with a modified rectangular-cut fancy blue diamond weighing 0.38 carat, flanked to each side by a modified pink or yellow diamonds, to the brilliantcut diamond border and shoulders, mounted in 18k white, yellow and pink gold, ring size 6 ¼

Accompanied by report no. 12386587 dated 10 April 2003 from the Gemological Institute of America stating that the 0.38 carat blue diamond is fancy blue, natural color

HK$ 160,000 - 200,000 US$ NT$ Ravenel

50

20,600 - 25,800 615,000 - 769,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

758

758

A PAIR OF YELLOW DIAMOND AND DIAMOND EAR PENDANTS 鮮彩黃鑽石與鑽石耳墜

Each brilliant and baguette-cut diamond furled foliate top, joined to a brilliant-cut diamond surmount, suspending a detachable pendant with brilliant and baguette-cut undulating diamond surround set with a fancy vivid yellow diamond weighing approximately 1.37 and 1.43 carats respectively, mounted in platinum, 5.0 cm long

Accompanied by report nos.5131871442 and 1132871437 dated 28 September 2011 and 20 October 2011 from the Gemological Institute of America stating that the yellow diamonds are fancy vivid yellow color, VVS2 and SI2 clarity, natural color

HK$ 600,000 - 700,000

US$ 77,400 - 90,300 NT$ 2,308,000 - 2,692,000

760

759

759

A DIAMOND AND PINK DIAMOND RING 2.33克拉IF鑽石戒指，附GIA證書

Set with a cushion-cut diamond weighing 2.33 carats, flanked to each side a pear-shaped pink diamond, to the brilliant-cut diamond shoulders, mounted in platinum and 18k white gold, ring size 6 ¼

Accompanied by report no.2145284546 dated 25 January 2012 from the Gemological Institute of America stating that the 2.33 carat diamond is F color, IF clarity

HK$ 300,000 - 450,000 US$ 38,700 - 58,100 NT$ 1,154,000 - 1,731,000

760

A COLORED DIAMOND AND DIAMOND RING 1.30 SI2彩粉紅色鑽石配鑽石戒指，附GIA證書

Set with a pear-shaped fancy orangy pink diamond weighing 1.30 carats withtin a brilliant-cut pink diamond surround, suspended from a brilliant-cut diamond bow, mounted in 18k white and pink gold, ring size 5 ½

Accompanied by report no.5101998511 dated 19 August 2009 from the Gemological Institute of America stating that the 1.30 carat diamond is fancy orangy pink, SI2 clarity, natural color

HK$ 390,000 - 460,000 US$ 50,300 - 59,400 NT$ 1,500,000 - 1,769,000 Ravenel

52

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

761

762

761

A COLORED DIAMOND AND DIAMOND RING 1.56克拉長方形VVS2淡彩粉紅鑽石配鑽石戒指，附GIA證書

Set with a modified rectangular-cut fancy light pink diamond weighing 1.56 carats, within the brilliant-cut pink diamond or diamond two-tiered surround, to the brilliant-cut diamond shoulders, mounted in white and rose gold, ring size 6 ¼

Accompanied by report no.14782200 dated 8 June 2009 from the Gemological Institute of America stating that the 1.56 carat diamond is fancy light pink, VVS2 clarity, natural color

HK$ 600,000 - 700,000 US$ 77,400 - 90,300 NT$ 2,308,000 - 2,692,000

762

A COLORED DIAMOND AND DIAMOND RING 3.02克拉長方形濃彩黃鑽石配粉紅鑽石戒指，附GIA證書

Set with a VS2 modified rectangular-shaped fancy intense yellow diamond weighing 3.02 carats, to the brilliant-cut pink diamond openwork half-hoop, mounted in 18k pink gold, ring size 6 ¾

Accompanied by report no.14740387 dated 14 January 2006 from the Gemological Institute of America stating that the 3.02 carat diamond is fancy intense yellow, VS2 clarity, natural color

HK$ 220,000 - 360,000 US$ NT$ Ravenel

54

28,400 - 46,500 846,000 - 1,385,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

763

764

763

A JADEITE AND DIAMOND PENDANT 緬甸天然翡翠配鑽石吊墜

Set with an oblong jadeite plaque of good translucency and brilliant emerald green material, within a brilliant-cut diamond frame, to the pavé-set diamond surmount and brilliant-cut diamond bail, mounted in 18k yellow and white gold, jadeite plaque approximately 32.2 x 16.2 x 1.7 x 0.8 mm, 5.0 cm long

Accompanied by report no. SJ77381 dated 29 August 2013 from the Hong Kong Jade & Stone Laboratory stating that the plaque is natural color jadeite jade (type A) and no resin is detected

HK$ 50,000 - 70,000 US$ NT$

764

6,500 - 9,000 192,000 - 269,000

A JADEITE AND DIAMOND PENDANT 緬甸天然翡翠蛋面配鑽石吊墜

Set with an oval jadeite cabochon of very good translucency and bright emerald green color, to the brilliant and marquise-cut diamond cluster surround, mounted in white gold, jadeite cabochon approximately 11.6 x 9.1 x 4.5 mm, 2.2 cm long

Accompanied by report no. SJ77383 dated 29 August 2013 from the Hong Kong Jade & Stone Laboratory stating that the cabochon is natural color jadeite jade (type A) and no resin is detected

HK$ 100,000 - 200,000 US$ NT$ Ravenel

56

12,900 - 25,800 385,000 - 769,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

765

765

A SET OF JADEITE AND DIAMOND JEWELRY 緬甸天然冰種翡翠配鑽石戒指及耳針套裝

Comprising a ring, designed as a cluster of icy colorless oval jadeite cabochons accented by green round jadeite cabochons and brilliant-cut diamond scrolls, to the 18k white gold bifurcated band; and a pair of earrings en suite (ring can be detached and worn as pendant), largest icy colorless jadeite cabochon approximately 5.7 x 5.1 x 2.8 mm, ring size 7 ½, earrings 2.6 cm long

Accompanied by report nos. SJ74992 and SJ74993 dated 23 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the cabochons tested are natural color jadeite jade (type A) and no resin is detected

HK$ 150,000 - 200,000 US$ NT$

19,400 - 25,800 577,000 - 769,000

766

766

A SET OF JADEITE AND DIAMOND JEWELRY 緬甸天然冰種翡翠福豆配鑽石吊墜，耳墜及戒指套裝

Comprising a pendant, set with an icy colorless carved jadeite peapod, to the brilliant-cut diamond scrolls with vivid emerald green jadeite cabochon accents; a pair of ear pendants and ring en suite, mounted in 18k white gold, largest jadeite peapod approximately 30.3 x 8.9 x 6.3 mm, pendant 3.5 cm long, ear pendants 5.2 cm long, ring size 6 ¼

Accompanied by report nos. KJ80667, KJ80655, KJ80656 and KJ80657 dated 15 July 2013 from the Hong Kong Jade & Stone Laboratory stating that all the peapods are natural color jadeite jade (type A) and no resin is detected

HK$ 240,000 - 320,000 US$ NT$ Ravenel

58

31,000 - 41,300 923,000 - 1,231,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

767

767

A SET OF JADEITE AND DIAMOND JEWELRY 緬甸天然冰種翡翠葫蘆配鑽石吊墜，耳墜及戒指套裝

Comprising a pendant, set with an icy colorless carved jadeite double-gourd to the brilliant-cut diamond frame; a pair of ear pendants and ring en suite, mounted in white gold, largest jadeite double-gourd approximately 24.8 x 16.1 x 6.2 mm, pendant 3.7 cm long, ear pendants 4.0 cm long, ring size 7 ¼

Accompanied by report nos. KJ80627, KJ80628, KJ80629 and KJ80630 dated 15 July 2013 from the Hong Kong Jade & Stone Laboratory stating that all the double-gourds are natural color jadeite jade (type A) and no resin is detected

HK$ 260,000 - 320,000

US$ 33,500 - 41,300 NT$ 1,000,000 - 1,231,000

768

768

A JADEITE AND DIAMOND NECKLACE 緬甸天然翡翠蛋面配鑽石項鍊

The front section designed as a latticework bib comprising a series of brilliant-cut diamond starlets joined by white gold knife-edge links, suspending a fringe of detachable oval jadeite cabochons of very good translucency and brilliant green color, each within a brilliant-cut diamond frame, to the brilliantcut diamond band and twin-row backchain, mounted in 14k white gold, largest jadeite cabochon approximately 10.1 x 8.4 x 4.2 mm, 41.0 cm long

Accompanied by report no. KJ80779 dated 23 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the cabochon tested is natural color jadeite jade (type A) and no resin is detected

HK$ 2,200,000 - 2,600,000

Ravenel

60

US$ 283,900 - 335,500 NT$ 8,462,000 - 10,000,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

Ravenel

62

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

769

769

A JADEITE AND DIAMOND RING 緬甸天然翡翠蛋面配鑽石戒指

Set with an oval-shaped jadeite cabochon of translucent material and bright emerald green color, framed with marquise and brilliant-cut diamonds, joined by brilliant-cut diamond bifurcated shoulders, mounted in 14k white gold, cabochon approximately 18.8 x 15.2 x 7.5 mm, ring size 7

Accompanied by report no. SJ74978 dated 23 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the cabochon is natural color jadeite jade (type A) and no resin is detected

HK$ 2,800,000 - 3,600,000

US$ 361,300 - 464,500 NT$ 10,769,000 - 13,846,000

770 (reduced)

770

A SUITE OF COLORLESS JADEITE, DIAMOND AND TSAVORITE GARNET PLAQUE JEWELRY, BY AMMIE KANG 緬甸天然冰種翡翠配鑽石胸針及耳墜套裝，AMMIE KANG

Comprising a brooch, designed as a butterfly with pierced colorless jadeite plaque wings of icy material, to the pavé-set diamond and tsavorite garnet body, decorated with brilliant-cut diamond and tsavroite garnet scrolls; and a pair of ear pendants en suite, mounted in oxidized gold, largest jadeite plaque approximately 76.1 x 34.6 x 2.0 mm, brooch 11.0 cm long, ear pendants 6.4 cm long

Accompanied by report nos. KJ81881 and SJ78426 dated 12 September 2013 from the Hong Kong Jade & Stone Laboratory stating that the plaques tested are natural color jadeite jade (type A) and no resin is detected Signed Ammie Kang

HK$ 400,000 - 500,000

Ravenel

64

US$ 51,600 - 64,500 NT$ 1,538,000 - 1,923,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

771

771

A PINK SAPPHIRE AND DIAMOND NECKLACE 粉紅藍寶石配鑽石項鍊

Designed as a row of circular-cut pink sapphires total weighing 37.31 carats within brilliant-cut diamond surrounds, 42.0 cm long

Accompanied by reports dated from 28 March 2012 to 7 August 2012 from the Gemological Institute of America stating that all the pink sapphires are with no indication of heating

HK$ 320,000 - 380,000

Ravenel

66

US$ 41,300 - 49,000 NT$ 1,231,000 - 1,462,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

773

772

772

A DIAMOND AND PINK SAPPHIRE BROOCH 鑽石配粉紅藍寶石胸針

Designed as a pierced diamond-set wishing well enhanced with a half-moon trapeze-cut diamond bucket, the roof suspending four pear-shaped pink sapphires, mounted in platinum, brooch approximately 2.8 cm long, 5.0 cm wide

HK$ 140,000 - 180,000 US$ NT$

773

18,100 - 23,200 538,000 - 692,000

A STAR SAPPHIRE AND DIAMOND RING 7.56克拉蛋面橢圓形紫色剛玉星石戒指，配以粉紅色藍寶石與鑽石

Designed as a flowerhead, centering upon a star sapphire weighing 7.56 carats with diamond pistils, to the pavé-set pink sapphire petals and brilliant-cut diamond details, to the intertwined branch band, mounted in oxidized gold, ring size 6 ¼

HK$ 120,000 - 160,000 US$ NT$ Ravenel

68

15,500 - 20,600 462,000 - 615,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

774

774

A PAIR OF CONCH PEARL AND DIAMOND EAR PENDANTS 天然海螺珍珠配鑽石耳墜

Each suspending a brilliant-cut diamond and pink diamond feather centering upon a pink conch pearl measuring approximately 8.3 x 6.1 x 4.7 mm and 8.8 x 6.2 x 4.3 mm to a brilliant-cut diamond flames, similarly-set surmount, mounted in 18k white and rose gold, 4.8 cm long

HK$ 150,000 - 170,000

US$ NT$

19,400 - 21,900 577,000 - 654,000

Ravenel

70

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

775

775

A RUBY AND DIAMOND NECKLACE 紅寶石配鑽石項鍊

The front section suspending a fringe of eleven oval-shaped rubies each within a brilliant-cut diamond surround, spaced by brilliant-cut diamond lines, to the brilliant-cut diamond two-row neckchain, mounted in white gold, 42.1 cm long

HK$ 800,000 - 950,000

US$ 103,200 - 122,600 NT$ 3,077,000 - 3,654,000

776

776

A SET OF JADEITE AND DIAMOND JEWELRY 緬甸天然翡翠配鑽石吊墜及耳墜套裝

Comprising a pendant, set with a pear-shaped bevelled jadeite hoop of highly translucent and strong green material, to the pear-shaped rose-cut diamond centre and pavé-set diamond surround, suspended from a pavé-set diamond scrolled top enhanced by a princess-cut diamond spacer; and a pair of ear pendants en suite, mounted in white gold, largest jadeite hoop approximately 28.9 x 17.4 x 4.5 mm, pendant 5.5 cm long, ear pendants 4.2 cm long

Accompanied by report nos. KJ80660, KJ80661 and KJ80662 dated 15 July 2013 from the Hong Kong Jade & Stone Laboratory stating that all the hoops are natural color jadeite jade (type A) and no resin is detected

HK$ 1,800,000 - 2,000,000

Ravenel

72

US$ 232,300 - 258,100 NT$ 6,923,000 - 7,692,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

777

Ravenel

74

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

777

A JADEITE AND DIAMOND NECKLACE 緬甸天然翡翠蛋面配鑽石項鍊

The front section, designed as a line of five oval jadeite cabochons of high translucency and intense emerald green color, each within a diamond-set gallery and diamond-set two-tiered frame, to the brilliant and rose-cut diamond openwork link spacers and similarly-set backchain, mounted in 14k white gold (with concealed hook), largest jadeite cabochon approximately 15.3 x 13.2 x 6.4 mm, 42.5 cm long

Accompanied by report no. KJ80780 dated 23 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the jadeite cabochon tested is natural color jadeite jade (type A) and no resin is detected

HK$ 4,600,000 - 6,000,000

US$ 593,500 - 774,200 NT$ 17,692,000 - 23,077,000

778

778

A JADEITE AND DIAMOND RING 緬甸天然翡翠蛋面配鑽石戒指

Set with an oval jadeite cabochon of highly translucent material and bright emerlad green color, to a brilliant-cut diamond gallery and frame, mounted in 18k white gold, jadeite cabochon approximately 16.7 x 13 x 5.2 mm , ring size 6

Accompanied by report no. SJ74979 dated 23 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the cabochon is natural color jadeite jade (type A) and no resin is detected

HK$ 1,000,000 - 1,500,000

Ravenel

76

US$ 129,000 - 193,500 NT$ 3,846,000 - 5,769,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

779

780

779

A JADEITE AND DIAMOND RING 緬甸天然翡翠蛋面配鑽石戒指

Set with an oval jadeite cabochon of highly translucent material and intense emerald green color, to the brilliant-cut diamond edge and marquise-cut diamond frame, joined by brilliant-cut diamond bifurcated shoulders, mounted in 14k white gold, jadeite cabochon approximately 13.5 x 10.5 x 6.1 mm, ring size 6 ¾

Accompanied by report no. SJ74420 dated 15 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the cabochon is natural color jadeite jade (type A) and no resin is detected

HK$ 600,000 - 750,000

780

US$ 77,400 - 96,800 NT$ 2,308,000 - 2,885,000

A JADEITE AND DIAMOND PENDANT NECKLACE 緬甸天然翡翠平安扣配鑽石吊墜

The pendant set with a jadeite disc of high translucency and intense emerald green color, enhanced by diamond collet centre, within a brilliant-cut diamond undulating surround, suspended from the pear-shaped and brilliant-cut diamond top, to a detachable black cord, mounted in 18k white gold (with concealed hook), jadeite disc diameter approximately 28.0 mm, 70.0 cm long

Accompanied by report no. SJ74996 dated 23 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the disc is natural color jadeite jade (type A) and no resin is detected

HK$ 500,000 - 650,000

US$ 64,500 - 83,900 NT$ 1,923,000 - 2,500,000

781

A JADEITE AND DIAMOND NECKLACE 緬甸天然翡翠蛋面配鑽石項鍊

The front section designed as a fringe of detachable oval jadeite cabochons of highly translucent and brilliant green material, each within a brilliant-cut diamond surround, suspended from the brilliant-cut diamond two-stone foliate surmount and neckchain, to the 18k white gold backchain, largest jadeite cabochon approximately 10.3 x 7.9 x 3.9 mm, 41.5 cm long

Accompanied by report no. KJ80778 dated 23 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the cabochon tested is natural color jadeite jade (type A) and no resin is detected

HK$ 1,800,000 - 2,000,000

Ravenel

78

US$ 232,300 - 258,100 NT$ 6,923,000 - 7,692,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

781

Ravenel

80

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

782

782

A JADEITE AND DIAMOND PENDANT NECKLACE 緬甸天然翡翠觀音配鑽石吊墜

The well carved jadeite guanyin of very good translucency and intense green color, to the brilliant-cut diamond scalloped frame and marquise-cut diamond platform, suspended from the brilliant-cut diamond surmount and detachable black cord, mounted in white gold, jadeite guanyin approximately 51.7 x 30.8 x 7.6 mm, 67.0 cm long

Accompanied by report no. SJ74999 dated 23 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the guanyin is natural color jadeite jade (type A) and no resin is detected

HK$ 1,100,000 - 1,400,000

US$ 141,900 - 180,600 NT$ 4,231,000 - 5,385,000

783

783

A JADEITE AND DIAMOND PENDANT 緬甸天然翡翠葉子配鑽石吊墜

Set with a well carved jadeite leaf of icy intense emerald green material, to the brilliant-cut diamond gallery and foliate border, suspended from a brilliantcut diamond surmount and oval jadeite cabochon top of icy green material, mounted in 18k white gold, jadeite leaf approximately 47.3 x 23.5 x 4.7mm, 6.8 cm long

Accompanied by report no. KJ80647 dated 15 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the leaf and cabochon tested are natural color jadeite jade (type A) and no resin is detected

HK$ 2,200,000 - 2,600,000

Ravenel

82

US$ 283,900 - 335,500 NT$ 8,462,000 - 10,000,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

784

784

A JADEITE AND DIAMOND RING 緬甸天然翡翠蛋面配鑽石戒指

Set with an oval jadeite cabochon of translucent material and intense emerald green color, to the brilliant-cut diamond edge and frame, mounted in 14k white gold, jadeite cabochon approximately 13.2 x 12.6 x 6.2 mm , ring size 7 ¼

Accompanied by report no. SJ74985 dated 23 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the cabochon is natural color jadeite jade (type A) and no resin is detected

HK$ 1,000,000 - 1,200,000

Ravenel

84

US$ 129,000 - 154,800 NT$ 3,846,000 - 4,615,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

786

785

785

A SUITE OF JADEITE AND DIAMOND JEWELRY 緬甸天然翡翠福豆配鑽石吊墜及耳墜套裝

Comprising a pendant necklace, set with a carved jadeite peapod of highly translucent material and strong green color, to the brilliant-cut diamond foliate surmount, suspended from an oval jadeite cabochon top and detachable black cord; and a pair of ear pendants en suite, mounted in 14k white gold, largest peapod approximately 29.7 x 12.5 x 6.5 mm, pendant necklace 67.0 cm long, ear pendants 5.0 cm long

Accompanied by report nos. SJ74431, SJ74432, KJ80637 and KJ80638 dated 15 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the peapod and cabochon tested are natural color jadeite jade (type A) and no resin is detected

HK$ 650,000 - 850,000

786

US$ 83,900 - 109,700 NT$ 2,500,000 - 3,269,000

A JADEITE AND DIAMOND RING 緬甸天然翡翠福豆配鑽石戒指

Set with a carved jadeite peapod of high translucency and strong green material, each end joined by a diamond-set scroll to the 14k white gold twin band with a brilliant-cut diamond accent, jadeite peapod approximately 29.8 x 11.0 x 5.0 mm, ring size 7 ¼

Accompanied by report no. SJ74433 dated 15 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the peapod is natural color jadeite jade (type A) and no resin is detected

HK$ 200,000 - 280,000 US$ NT$

25,800 - 36,100 769,000 - 1,077,000

788

787

(side view)

787

A JADEITE AND DIAMOND RING 緬甸天然翡翠蛋面配鑽石蜜蜂戒指

Designed as a bumble bee with well-matched oval jadeite cabochon eyes, head, body and wings, each of brilliant green color and very good translucency, enhanced by brilliant-cut diamond details, mounted in 18k white gold, largest jadeite cabochon approximately 12.7 x 11.2 x 5.5 mm, ring size 6 ½

Accompanied by report no. KJ80642 dated 15 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the cabochons tested are natural color jadeite jade (type A) and no resin is detected

HK$ 1,000,000 - 1,500,000

788

US$ 129,000 - 193,500 NT$ 3,846,000 - 5,769,000

A JADEITE AND DIAMOND PENDANT 緬甸天然翡翠蛋面配鑽石蜜蜂吊墜

The front section designed as a bumble bee with well-matched oval jadeite cabochon eyes, head, body and wings, each of brilliant green color and very good translucency, enhanced by brilliant-cut diamond details, to the undulating band with brilliant-cut diamond shoulders, mounted in 18k white gold, largest jadeite cabochon approximately 13.6 x 11.2 x 4.8, 2.7 cm long

Accompanied by report no. KJ80643 dated 15 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the cabochons tested are natural color jadeite jade (type A) and no resin is detected

HK$ 1,000,000 - 1,500,000

Ravenel

86

US$ 129,000 - 193,500 NT$ 3,846,000 - 5,769,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

789

789

A NATURAL PEARL AND DIAMOND RING, BY MICHAEL YOUSSOUFIAN 天然珍珠配鑽石戒指，附Gübelin證書，MICHAEL YOUSSOUFIAN

Set with a button-shaped pearl measuring approximately11.0-11.2 x 8.2 mm , within the shield-shaped and brilliant-cut diamond flowerhead surround, to the pavé-set diamond shoulders, mounted in 18k white gold, ring size 5 ½

With jeweler's mark for Michael Youssoufian Accompanied by report no. 0609042 dated 19 September 2006 from the Gübelin Gemmological Laboratory stating that the pearl is saltwater natural pearl

HK$ 240,000 - 300,000

Ravenel

88

US$ NT$

31,000 - 38,700 923,000 - 1,154,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

790

791

790

A SAPPHIRE AND DIAMOND RING 11.07克拉枕形斯里蘭卡藍寶石配鑽石戒指，附GRS證書

Set with a cushion-shaped sapphire weighing 11.07 carats, within a brilliant-cut and briolette diamond cluster surround, to the pavé-set diamond half-hoop, mounted in white gold, ring size 6

Accompanied by report no. GRS2007-121490 dated 21 December 2007 from the Gem Research Swiss Lab stating that the 11.07 carat sapphire is of Sri Lanka origin, vivid blue (GRS type "Royal Blue")

HK$ 650,000 - 850,000

791

US$ 83,900 - 109,700 NT$ 2,500,000 - 3,269,000

A SAPPHIRE AND DIAMOND RING 4.52克拉橢圓形緬甸天然藍寶石配鑽石戒指，附GRS證書

Set with an oval-cut sapphire weighing 4.52 carats, within a pierced rose-cut diamond surround, to the 18k white gold band, ring size 8

Accompanied by report no. GRS2007-030360T dated 24 March 2007 from the Gem Research Swiss Lab stating that the 4.52 carat sapphire is of Burmese origin, vivid blue (GRS type "Royal Blue") with no indication of thermal treatment

HK$ 550,000 - 700,000

Ravenel

90

US$ 71,000 - 90,300 NT$ 2,115,000 - 2,692,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

792

792

A RUBY AND DIAMOND RING 3.01克拉緬甸天然“鴿血紅”紅寶石與鑽石戒指，附GIA證書

Set with a cushion-shaped ruby weighing approximately 3.01 carats, within a marquise-cut diamond quatrefoil surround, mounted in platinum, ring size 6

Accompanied by report no. 7151971699 dated 18 September 2013 from the Gemological Institute of America stating that the 3.01 carat ruby is of Burmese origin and with no indications of heating, also with a comment stating that the color appearance of this stone is described in the trade as "Pigeon's Blood"

HK$ 550,000 - 650,000

US$ 71,000 - 83,900 NT$ 2,115,000 - 2,500,000

Ravenel

92

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

793

793

A PAIR OF EMERALD AND DIAMOND EAR PENDANTS 哥倫比亞天然祖母綠配鑽石耳墜

Each set with a heart-shaped emerald weighing approximately 4.78 and 5.19 carats respectively within a pavé-set and brilliant-cut diamond surround, to the princess-cut diamond surmount weighing approximately 1.0 and 1.01 carats, mounted in 18k white gold, 4.0 cm long

Accompanied by report no. GRS2011-061200 dated 14 June 2011 from the Gem Research Swiss Lab stating that both emeralds are of Colombian origin with insignificant enhancement Accompanied by report no. 1115765660 and 1136307953 dated 22 December 2010 and 20 April 2011 from the Gemological Institute of America stating that the 1.0 and 1.01 carat diamonds are E color, VVS2 and VS1 clarity

HK$ 800,000 - 900,000

US$ 103,200 - 116,100 NT$ 3,077,000 - 3,462,000

794

794

A COLORED DIAMOND AND DIAMOND RING 0.83 克拉方形濃彩粉紅鑽石與鑽石戒指，附GIA證書

Set with a modified rectangular-shaped fancy intense pink diamond weighing 0.83 carat, to the brilliant-cut diamond cluster surround and shoulders, mounted in platinum and 18k white gold, ring size 6 ½

Accompanied by report no. 15212812 dated 21 September 2006 from the Gemological Institute of America stating that the 0.83 carat diamond is fancy intense pink, natural color

HK$ 850,000 - 950,000

Ravenel

94

US$ 109,700 - 122,600 NT$ 3,269,000 - 3,654,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

795

795

AN EMERALD AND DIAMOND PENDANT 18.97克拉哥倫比亞祖母綠配鑽石吊墜，附GRS證書

Set with a rectangular-shaped emerald weighing approximately 18.97 carats, within the marquise and brilliant-cut diamond two-tiered surround, mounted in 18k white gold, 4.1 cm long

Accompanied by report no. GRS2013-088692 dated 30 August 2013 from the Gem Research Swiss Lab stating that the emerald is of Colombian origin with no oil enhancement

HK$ 1,500,000 - 3,600,000

Ravenel

96

US$ 193,500 - 464,500 NT$ 5,769,000 - 13,846,000

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

當年讓乾隆皇帝眼睛為之一亮的新玉，正是後來讓 慈禧太后驚豔的翡翠，古往今來，翡翠是兼顧傳統 人文風範同時引領風尚的珠寶。自清代皇帝先祖即 規定，由念珠演化成為文武百官上朝指定佩戴的朝 珠108顆。文官五品、武官四品以上的位階以及家眷 才有資格擁有的身份代表裝飾品。 朝珠的質料講究，選用珍珠、翡翠、珊瑚、琥珀等 珍貴寶石琢磨製作。婦女懸掛的朝珠與男子所佩戴 的形式略有不同，隨場合及時代演變，從東珠耳 環、翡翠手鐲、點翠頭花、到長簪扁方等，翠玉生 動地亮麗了中國婦女。「翠繞珠圍」形容富貴女子 服飾的華麗，正式場合或宴會，到生活的妝點和搭 配，其中以珠鍊最靈活富於變化。不僅可作長串的 禮服鍊，減少珠子變成公主鍊或貼頸鍊，甚至改成 清宮吉服掛在衣襟鈕釦上的「持珠」，亦可做為手 珠形式；傳統珠寶的風華中，簡化的珠鍊更具現代 感線條，讓時尚仕女戴出貴氣而摩登的風采。 此次珍貴罕見的緬甸天然翡翠雙珠項鍊，由於珠鍊 琢磨過程極其費料，必須尋求質、量兼備的翡翠原 石，才能成就顏色、質地一致成串的稀有瑰寶。 全鍊由多達178顆的玉珠組成，其玉質豐潤剔透，色 彩翠豔欲滴，渾圓飽滿，顆顆潤澤通透，真正符合 極品翡翠「勻、濃、正、陽」的最高要求，以雙層 款式呈獻，突顯其不凡的皇家氣勢與風範。 連珠合璧，象徵人才和美好的事物聚集一起，一串 顆顆均勻細膩、色澤優美晶瑩的質地，以最奢華精 細的手法打孔勾串珠鍊，晶瑩華美，實為珠圓玉潤 之最佳演繹，是極富收藏價值的經典絕品。 The newly found stone that impressed Emperor Qianlong was the same jadeite that later amazed Empress Dowager Cixi. Even from times of old, jadeite has been the stone that delivers a classic demeanor while still leading trends in fashion. As a result of a policy of the first Qing Emperor, prayer beads were transformed into the 108 court beads that all civil and military officials were required to wear upon entering the court.

Only civil officials ranking higher than 5th grade, military officials ranking 4th grade, and the families of either rank, were qualified to wear jadeite, the special accessory that represented a person's status.

Ravenel

98

These highly exquisite court beads were made through the grinding of various precious stones, such as pearls, jadeites, corals and ambers. The court beads worn by women were slightly different from those worn by men, and these also differed in style per the time and occasion. From Eastern pearl earrings to jadeite bracelets, jadeite headdress, and long, flat hairpins, jade adorned and brightened the bodies of Chinese women. Thus the idiom, "surrounded by jadeite beads" describes the beauty of a wealthy woman's attire. At a formal event or a banquet, beaded necklaces came in a variety of styles. They could be made long into the form of a necklace that matches the gown, shortened into a princess' necklace, altered to become the "holding beads" that hung on the front of a semi-formal robe at the Qing court, or crafted as hand beads. Simplified beaded necklaces modified from traditional styles gave women a lavish look with modern taste.This rare double-strand jadeite and diamond necklace is an extraordinary piece made from natural Burmese jadeite.

Jadeite bead-polishing is a material-consuming process which requires stones of the same quality and color to create a magnificent piece of jewelry.

The necklace, made from 178 exquisite jadeite beads, truly follows the criteria for selecting jadeite which are "Even", "Thick", "Pure" and "Brilliant". Each jadeite bead shows the best nature by its emerald green color and translucency. In addition to these conditions, the double-strand design determines the necklace to be an imperial style timeless piece.

In Chinese the idiom "a Combination of Beads and Jade" suggests that great people and wonderful things gather together, like beads on a string. A string of delicate and fine jadeite beads is strung to be luxurious, elegant and graceful. An extremely rare and a true masterpiece for collector with exquisite taste.

FINE JEWELS AND JADEITE Hong Kong 26 Nov 2013

796

796

A DOUBLE-STRAND JADEITE & DIAMOND NECKLACE 緬甸天然翡翠雙珠鍊

Each row comprising eighty-nine graduated jadeite beads of vivid emerld green color and very good translucency, measuring approximately from 4.8 to 8.8 mm, to the diamond-set ribbon clasp, mounted in 18k white gold, 56.0 cm long

Accompanied by report no. KJ80670 dated 15 July 2013 from the Hong Kong Jade & Stone Laboratory stating that the beads tested are natural color jadeite jade (type A) and no resin is detected

HK$ 12,000,000 - 16,000,000

Ravenel

100

US$ 1,548,400 - 2,064,500 NT$ 46,154,000 - 61,538,000

Diamonds．The 4C’s Cut 100%

Width of table Height of crown Depth of pavilion

Round Brilliant

Colour

Oval

Marquise

Pear

Heart

Emerald

(G.I.A.)

D

E

Blue White

Clarity

Ice White

F

Fine White

G

White

H

I

Top ComCommercial mercial White White

J

K

L

Top Silver

Silver Cape

M

N

Light Cape

O

Cape

P

Q

S

—

Dark Cape

Z

(G.I.A.)

FL

IF

Flawless

VVS1

VVS2

Very, very small Inclusions

VS1

VS2

Very small Inclusions

SI 1

SI2

I1

I2

Small Inclusions

I3

Inclusions

Carat 0.01 carat 1.35 mm

0.02 carat 1.70 mm

0.03 carat 2.00 mm

0.05 carat 2.40 mm

0.10 carat 3.00 mm

0.15 carat 3.40 mm

0.20 carat 3.80 mm

0.25 carat 4.10 mm

0.30 carat 4.40 mm

0.40 carat 4.70 mm

0.50 carat 5.00 mm

0.75 carat 5.80 mm

1.00 carat 6.50 mm

2.00 carat 8.20 mm

3.00 carat 9.50 mm

4.00 carat 10.50 mm

Courtesy of Jewellers Network, the Southern African Jewellery Trade Directory, from information supplied by De Beers. www.jewellersnetwork.co.za

102

CONVERSION CHART RING SIZE American

French/Japanese

Metric

½

__

37.8252

¾

__

38.4237

1

__

39.0222

1¼

__

39.6207

1½

__

40.2192

1¾

__

40.8177

2

1

41.4162

2¼

2

42.0147

2½

__

42.6132

2¾

3

43.2117

3

4

43.8102

3¼

__

44.4087

3¼

5

45.0072

3½

__

45.6057

3¾

6

46.2042

4

__

46.8027

4¼

7

47.4012

4½

8

47.9997

4¾

__

48.5982

5

9

49.1967

5¼

10

49.7952

5½

__

50.3937

5¾

11

50.9922

6

__

51.5907

6¼

12

52.1892

6½

13

52.7877

6¾

__

53.4660

7

14

54.1044

7

15

54.7428

7¼

__

55.3812

7½

16

56.0196

7¾

__

56.6580

8

17

57.2964

8¼

18

57.9348

8½

__

58.5732

8¾

19

59.2116

9

20

59.8500

9¼

_

60.4884

9½

21

61.1268

9¾

22

61.7652

10

__

62.4026

10¼

23

63.0420

10½

24

63.6804

10¾

__

64.3188

11

25

64.8774

11¼

__

65.4759

11½

26

66.0744

11¾

__

66.6729

12

__

67.2714

12¼

__

67.8699

12½

__

68.4684

103

BIOGRAPHIES

Ammie Kang Kang founded Top Kang Lapidary & Jewellery Arts in 1991, and began designing her own line specialized in jadeite jewelleries. In the early 2000's Kang started exhibiting in major jewellery conventions in Hong Kong, China, Japan, Korea and various Asian countries. The simple yet subtle design of her works and her avant-garde showcase display at the shows soon caught media attentions. During 2007, her works are sold to private collectors at the Sotheby’s and the Christies auction. Her works seek a balance between the spirit of oriental tradition and the element of western fashion. Being born the daughter of a renowned Taiwanese writer, Kang also enjoys writing poems. Many times she wrote a Chinese poem when a work was created, telling its own story in words. Kang currently resides in Taichung and Toronto.

Dilys’ Dilys’ Collection was established in 1991, under the stewardship of designer and owner Ms. Dilys Young. Over the years, her superb sense of style and innovative designs has named her the pioneer in many trend-setting creations, winning the admiration of connoisseurs with its signature style – the rich yet subtle play-of-color and vivid interpretations of flora and fauna in sculptural forms. Dilys began her career by developing new and trendy designs for natural rare gemstones removed from old settings that went out of style. In the 1990s, while the jewelry market was still dominated by colorless diamonds, Dilys started using diamonds in brown, champagne and black in her designs. With their technical expertise and master jewelry artisans in the company’s exclusive workshop in Hong Kong, Dilys incorporates many innovative techniques developed in-house in the production of her exclusive designs. In 2006, Dilys’ Collection introduced the designer brand “Dilys’ ” during their exhibition in Singapore, and brought the company into a new era. The company continues to expand its presence worldwide by opening two flagship stores in Macau and with lavish events and promotions held in Mainland China, Macau, Hong Kong and overseas markets. Within the next three years, the company plans to tap into international market by opening flagship stores overseas.

Joni Eu Joni Eu was born in Taipei, raised in California, lived in Tokyo and Paris and currently resides in New York. She received her Bachelor’s Degree in Economics from the University of California, Berkeley and Master’s Degree in International Relations and Management from the University of California, San Diego. After her graduation, she decided to pursue her passion of jewelry design at the Fashion Institute of Technology in New York and then went on to achieve a Graduated Gemologist Diploma from the Gemological Institute of America (GIA).

With the importance of balancing design and value in mind, Joni understood that a truly extraordinary piece of jewelry for the discerning connoisseur is about the artistry of design and craftsmanship as well as about the value of the gemstones. Every piece of her jewelry is painstakingly handcrafted by the master craftsman and only the rarest gemstones including her first choice of gem – natural fancy colored diamonds, are used. With prior experiences at the Jewelry Department of an international renown Auction House and later as a manager at a Swiss-based jeweler on Madison Avenue, New York, Joni works with clients who have the most refine tastes and has access to the most exclusive and rare top quality gemstone cutters in the world. She personally handpicks each gemstone that goes into a piece of jewelry created specific for a client. She is currently based in New York City, where she works closely with an exclusive international clientele mainly from Hong Kong, Taipei, Tokyo, London and Paris, creating unique pieces with utmost personalized service.

Michael Youssoufian Michael Youssoufian, a brand founded by Michael himself, comes from a very long tradition in jewelry business. His Grandfather was the personal jeweler to the Royal Court of Egypt, the Royal Highness King Fouad and later King Farouk. In 1956, when King Fouad was abdicated, the new rulers of Egypt confiscated the shop. Though Michael’s father Alfred, stayed in Egypt for a few years, he made frequent trips to London where he found his opportunity there and eventually left Egypt for good. In 1962, Alfred Youssoufian decided to open a shop in Geneva, Switzerland and later two other shops in Capriand and Rome of Italy. The latter two shops were sold in 1980. But the shop in Geneva is still operated by Alfred.

INDEX

A Ammie Kang 64

D Dilys’ 22,25,27,32

J

Joni Eu 52

M

Piaget Piaget was founded in 1874 by Georges Piaget in the village of La Côte-aux-Fées in Swiss. The company was founded as a manufacturer of watch movements but began marketing its own line of prestigious watches in the 20th century and led to the expansion of jewelry in 1959.

Piaget’s jewelry designers continually revisit the themes that Piaget holds dear. They draw inspiration from a strong historical legacy and modern themes with a wide range of styles reminiscent of Hollywood glamour, magic gardens and the many facets of celebratory occasions. Each Piaget design plays on the fluidity of materials and the radiance of light, thanks to the exceptional talent of jewelers and gemsetters.

The company belongs to the Swiss Richemont group, specialists in the luxury goods industry.

104

Michael Youssoufian 88

P Piaget 22

TRANSACTION RULES FOR JEWELRY

The following provisions are entered into by and between Ravenel Auction Hong Kong Limited, having its registered office at Unit 601-3, 50 Connaught Road, Central, Hong Kong, as the auctioneer(hereinafter referred to as “the Company”), and the Seller (hereinafter referred to as the “Seller”). This Agreement is also entered into by and between the Company as the agent of the Seller and the Buyer (hereinafter referred to as the “Buyer”). The Prospective Buyer, the Buyer and the Seller must carefully review and completely agree all provisions hereunder and any revisions from time to time. The Buyer should pay special attention to Article 2, Section 5 which provides limitations as to the legal responsibilities of the Company.

Article 1.Definition Some of the phrases commonly seen herein are defined as follows: 1. “The Buyer” shall mean highest bidder accepted by the Company.

2. “The Prospective Buyer” shall mean any potential bidder willing to attend the auction salehosted by the Company.

3. “The Seller” shall mean the mandator who provides the Lot and agrees to appoint the Company as its exclusive agent to sell the Lot at the Auction and participate, and cooperate, in exhibitions prior to the Auction if so required by the Company.

4. “The Lot” shall mean the item delivered to the Company to be sold in an auction, especially the single or multiple pieces of items numbered in the catalogue.

5. “Hammer price” shall mean the highest bid with respect to one particular auction item accepted by the auctioning party.

6. “The Buyer’s Premium paid by the Buyer” shall mean the fee based on a certain percentage of the Hammer price paid by the Buyer; the percentage shall be as prescribed in Article 2, Section 4a.

7. “The Reserve Price” shall mean the lowest price agreed by the Company and Seller. The Lot cannot be sold at a price lower than such price.

8. “Counterfeit” shall mean the Lot constitutes imitation and the original concept of the imitation and its overall execution result in fraud to cause deception in connection with the author, history, year, age, culture or origin of the Lot, for which the accurate description is not reflected in the catalogue and the value of the Lot on the auction day is far less than the value it should have according to the description in the catalogue. Therefore, no auction item will become a counterfeit as a result of any damage and/or any repairing in any manner (including repaints).

9. "Insured amount" shall mean the value of the insurance purchased for the Lot which the Company considers necessary under its absolute power from time to time (regardless whether such insurance is purchased by the Company).

Article 2.The Buyer 1. The Company as the Agent The Company, as the auctioning party, shall act as the agent of the Seller. Except otherwise provided, items successfully sold in the auction held by the Company shall be bound by the agreement made by and between the Seller, through the agency of the Company, and the Buyer.

2.Prior to the Auction a. Authentication We strongly recommend that the prospective buyers conduct their own authentication for the items they are interested in bidding prior to the auction. We provide no guarantees to the buyer including but without limitations whether the Lot is a counterfeit or the authentication of the Lot’s certificates (with the exception of the guarantee with regard to counterfeits as defined in Article 1 of the Transaction Agreement). b. Important Notice Attention, the Prospective Buyers: As far as possible, the descriptions of auction items will mention obvious defects of the items; however, they do not necessarily include all flaws, defects, or incomplete aspects. The Company does not guarantee that the Lots on auction are in good working condition and the descriptions in the catalogue must not be construed as implying such. The description of the auction items also do not imply that the items have not gone through readjustment or repair or allude anything about the current state or storage conditions of the items. Any omission in the catalogue description regarding the current condition or the appraisal of defects in the items by no means represent that those items are in good condition, function normally, or that there will be any free repair or replacement of parts. We strongly recommend the Prospective Buyers to personally view the items for which they plan to bid before the auction itself. If a Prospective Buyer is unable to view an item for whatever reason, then in our role as a service provider, we would be more than happy to offer our opinion of an item’s special characteristics and current condition. However, the Company is not a professional restorer of the Lots; therefore, any description in the catalogue or any statement provided by the Company is purely the Company’s subjective opinion and not a statement of fact, not for representations or warranties.

The Prospective Buyer completely understands and acknowledges that all of the items on auction are being sold in “as is” condition.The Company does not provide any representation or guarantee as to the conditions of any of the items. Unless otherwise stated in laws of Hong Kong, the Company does not provide any warranty with the items. c. Symbol Key The following key explains the symbol you may see inside this catalogue.  Premium Lot In order to bid on “Premium Lots” the Buyer must complete the required pre-registration application and deliver to The Company such necessary financial references, guarantees, deposits and / or such other security as The Company’s may in its absolute discretion require for your bid. The Companydecision whether to accept any pre-registration application shall be final. We recommend you complete and return the Lot pre-registration form in this catalogue in the manner required therein or contact the Company at least 5 working days prior to the relevant sale in order to process the pre-registration. Please bear in mind that we are unable to obtain financial references over weekends or public holidays. The Company will provide a special paddle number for the register of “Premium Lot”. ○ Guaranteed Property The Seller of the Lots with this symbol next to the Lot number has been guaranteed a minimum price from one auction or a series of auctions. This guarantee may be provided by the Company, by a third party or jointly by the Company and a third party. A guarantee may be in the form of an irrevocable bid provided by a third party. Third parties providing or participating in a guarantee may benefit financially if a guaranteed Lot is sold successfully and may incur a loss if the sale is not successful. If third parties providing or participating in a guarantee is the successful bidder for the guaranteed Lot, they should be required to pay the full Buyer’s Premium.

105

Endangered Species Property made of or incorporating endangered and other protected species of wildlife are marked in the catalogue with a symbol ( ) next to the title of the said lot. Such materials include coral, ivory, tortoiseshell, crocodile skin, rhinoceros horn, whalebone, etc. The Buyers should be aware that some countries prohibit altogether the importation of property containing such materials, and that other countries may require a licence or certificate (e.g. a CITES permit) in the countries of exportation as well as importation. For example, the United State prohibits the importation of elephant ivory that is less than 100 years old. The Company suggests that the Buyers check with their own government regarding wildlife import requirements prior to placing a bid. Please note that it is the Buyer’s responsibility to obtain any licences and/or certificates as well as other required documentation applying to the importation or exportation of the property containing endangered and other protected wildlife materials.

The Buyers completely acknowledge and understand the inability to import or export such property is not a basis for cancellation or rescission of the sale.

Burmese Stones Lots which contain rubies or jadeite originating In Burma (Myanmar) may be prohibited to be imported into the United States. As a convenience to our bidders, we have marked these lots with ( ). The Buyers completely acknowledge and understand that any inability to import any such Lots into the U.S. or any other country shall not constitute grounds for non-payment or cancellation of the sale.

With respect to the Lots that contain any other types of gemstones originating in Burma (e.g., sapphires), such Lots may have the possibility to be imported into the U.S., provided that gemstones have been mounted or incorporated into jewellery outside of Burma and provided that the setting is not of a temporary nature (e.g., a string).

Importation of watches into the USA The Prospective Buyers should be aware that the importation of luxury watches such as Rolex into the United States is highly restricted. These watches (not limited to Rolex) may be prohibited to be shipped into the USA and can only be imported personally. Generally, a buyer may import and wear only one watch into the USA. In this catalogue these watches have been marked with ( ).

It is the Buyer’s sole responsibility to determine whether there are any Import restrictions and to comply with such restrictions. The Buyers completely acknowledge and understand that the failure by the Company to mark a lot with ( ) shall not constitute grounds to rescind or cancel a sale. d. Catalogue Explanations Any statement of the author, history, date, year, size, material, ownership, authenticity, origin, condition of preservation or estimated selling price of any of the Lots and certificates thereof shown in the catalogue or the authentication opinion made by the Company, or any other verbal or written statements made separately shall be solely statements of opinions and shall not be deemed the basis for the statements of actual fact. The photographs shown in the catalogue shall serve as reference only and shall not be deemed as the basis for determining the color or tone of any Lots or disclosure of the defects of such item. The estimates of the auction price shall not be deemed the price at which such item will be successfully sold or the statement of the value of the item for other purposes.

Many auction items fail to maintain their perfect condition because of time and other environmental factors. Some of the explanations in the catalogue or the authentication opinions will state defects and/or the repair background of the Lots. Such information is meant for reference only. Missing information in the statements does not mean the Lot has no defects or has not been repaired. Any statement of one particular defect does not mean there is no any other defect.

All the lots in this catalogue are offered subject to a reserve, which is the confidential minimum price established between the Company and the seller and below which the lot will not be sold. The Reserve Price will not exceed the low estimate for the lot. If any lots are offered without a reserve, these lots will be identified with the red title, and a Special Note will be included to this effect.

The description of the condition of clocks and watches in this catalogue, including references to defects and repairs, is provided as a service to prospective buyers, but such description is not necessarily complete. While The Company will furnish a condition report on any lot to a prospective purchaser upon request, any such report may also be incomplete and may not specify all mechanical replacements or defects. Accordingly, all clocks and watches should be viewed personally by prospective buyers to evaluate the condition of the property offered for sale. All lots are sold “as is”, and absence of any reference to the condition of a clock or watch does not imply that the lot is in good condition and without defects, repairs or restorations. Virtually all clocks and watches have been repaired in the course of their normal useful lifetime and may now incorporate parts not original to them. Furthermore, The Company makes no representation or warranty that any clock or watch is in working order.

It should be noted that most wristwatches with water-resistant cases have been opened to identify type and quality of movement. It cannot be assumed that the watches are still waterproof and the Buyers are advised to have the watches checked by a competent watch-maker before use.

Please note that gold of less than 18ct. does not quality in all countries as ‘gold’ and may be refused import. The Company cannot accept liability if import is refused.

Please note that all Rolex watches in the The Company sale catalogue are sold as viewed and that The Company cannot guarantee the authenticity of any individual component part of these Rolex watches. The bracelets described as “associated” are not part of the original piece and may not be authentic. e. Responsibility of the Buyer The Buyer is responsible for clarifying and satisfying himself about the condition of the items and any related matters stated in the catalogue descriptions and making his/her own judgment or estimation independently regarding the Lots.

3. In the Auction a. Refusal of Admission The auction is held at the premises of the Company or any location where the Company has control of for the auction. The Company has full discretion to exercise the right to refuse entry to the premises for the auction or to prevent participation in the auction. b. Registration Prior to the Bidding The Prospective Buyers must fill in and sign the registration forms prior to the bidding and provide personal identification. The Prospective Buyers should also note that the Company may be requested to conduct credit checks against Buyers. c. The Bidder is the Buyer Unless a written agreement has been made upon registration that the bidder will be the agent who acts on behalf of a third person and such third person is accepted by the Company, the bidder will be deemed as the Buyer who will bear individual legal responsibilities. d. Commission Bids The Company will make the proper effort to bid for the Prospective Buyers who instruct us to bid on their behalf by using the forms attached to the explanations of the catalogue; provided, however, bid commission instructions are delivered to the Company prior to the auction. If the Company receives several commission bids for one particular item, with all bid prices

being equal and of the highest bid price at the auction, priority shall be given to the Buyer whose bid commission is delivered to the Company first. Commission bids are subject to auction conditions. The situation at the auction may prevent the Company from making the bid as commissioned. This is a free service provided by the Company to the Prospective Buyers pursuant to the provisions prescribed.The Company will not be held legally liable if it fails to make the bid as commissioned. The Prospective Buyers should attend the auction in person if they wish to ensure a successful bid. e. Bid by Phone The Company will make proper effort to contact the bidder so he can participate in the auction by phone if the Prospective Buyer makes arrangements with the Company prior to the auction. However, the Company will bear no responsibilities to the Seller or any Prospective Buyer if no contact is made or any failure to participate in the auction by phone under any circumstances. f. Online Bids via LiveAuctioneers If the bidder cannot attend the auction, it may be possible to bid online via LiveAuctioneers for selected Lots to bear individual buyers’ responsibilities. This service is free and confidential. For information about registering to bid via LiveAuctioneers, please refer to ravenel.com.

Bidders using the LiveAuctioneers service are subject to the additional terms and conditions for online bidding via LiveAuctioneers, which can be viewed at ravenel.com and be revised by the Company from time to time. g. Exchange Rate Conversion Board There will be an exchange rate conversion board operating at the auctions. The exchange rate is calculated at the exchange rate of the one-month future goods reported to the Company from the bank when starting business on the day of the auction. Nonetheless, the auction will still be conducted in HKdollars. The exchange rate conversion board is not absolutely reliable and for the reference only. The accuracy of either the Lot numbering shown on the board or the equivalent of the bid price in any foreign currency is not within the control of the Company. The Company will not be responsible for any losses caused by the reliance of the Buyer on the exchange rate conversion board. h. Recorded Images There is image projection in the auctions; however, errors may occur during the operation.

The Company is not liable for the color accuracy of the reproduced image and whether the projected image corresponds to the item being auctioned. i. Determining Power of the Auctioneer The auctioneer has the absolute power to reject any bid, push for bids at his discretion, withdraw any auction items, separate or combine two or more auction items, and if there is any error or dispute, re-auction the items.If the auctioneer announcethe points for attention before the auction or the bidding, the Buyer shall pay attention for any announcement as its own responsibility. j. Successful Bids Under the sole discretion of the auctioneer, the fall of the hammer indicates the acceptance of the highest bid price, i.e., the Seller and the Buyer enter into a successful auction agreement.

The Buyer shall be responsible to the Seller for performing the obligations and responsibility of a Buyer.

4. Following the Auction a. The Buyer’s Premium of Each Lot Payable by the Buyer 1. The Buyer should pay the hammer price and, in addition, the Buyer’s Premium to the Company. For hammer price below HK$ 8,000,000 (inclusive), the Buyer’s Premium should be calculated at 20% of the hammer price.

2. For hammer price higher than HK$ 8,000,000, total amount of the Buyer’s Premium should be that the first HK$ 8,000,000 of the hammer price should be calculated at 20% and the rest of the amount of the hammer price should be calculated at 12%. b. Taxes All the payments payable by the Buyer to the Company do not include any government tax any commodity or service taxes or any other value added taxes. The Buyer should be responsible for paying any applicable taxes as required by the law. c. Payment The Buyer should provide his name and permanent address to the Company upon the successful bid. Relevant bank information, including but without limitations the payment account, should also be provided upon request. All payments due (including the hammer price, Buyer’s Premium and any applicable taxes) should be paid within 7 days following the auction date.

The aforesaid provision also applies if the Buyer intends to export the Lot and (may) need the export permit.

If the Buyer fails to pay to the Company all the payments due, the Buyer will not acquire the ownership of the Lot even if the Company has delivered such item to the Buyer. If the payment to The Company are made in any currency other than HK dollars, the Company will collect from the Buyer any foreign exchange expense incurred therefrom, including bank charges and foreign exchange Buyer’s Premiums. The exchange rate of the payments to the Company in any currency other than HK dollars should be the exchange rate reported by the Hong Kong and Shanghai Banking Corporation (HSBC) to the Company on the auction date and should be based on the certificates issued by the Company according to such exchange rate. d. Collection of the Lot Sold Unless otherwise agreed by the Company, the Company will hold temporarily the successfully sold Lots until all payments to the Company are made in full. The Lot will be covered by the insurance of the Company from the auction date for 7 days during the temporary holding period. The insurance coverage will terminate upon earlier collection of such item. The Buyer should be responsible for all risks following expiration of the said 7-day period or the collection (whichever is the earlier). e. Packaging and Transportation The Buyer is requested to note that he should bear all the risks after expiration of the said 7 days period or from collection of such items(whichever is the earlier), without prejudice to the Company’s right. f. Referral of Packaging or Transportation Companies The shipping department of the Company may act as the agent of the Buyer to arrange for delivery. Although we can refer freight forwarders upon special request, the Company will not be held liable for any legal responsibilities in this regard.And the Buyer shall prepay the freight charges. g. Remedies for Non-Payment of Items Sold The Company is entitled to exercise one or more of the following rights or remedies if the Buyer fails to make payment within 7 daysfollowing the auction date: 1. An interest at the annual rate of no higher than 10% plus the base interest rate of Hong Kong and Shanghai Banking Corporation (HSBC) will be imposed on all of the payment due if payment is not made within 7 days following the auction date. Besides, we have the right of charging also 1% selling price (including of hammer price and the commission) multiplied by the number of delayed days as fine for the default. The payment to be made by the Buyer mayoffset any payment owed by the Company or its subsidiaries to the Buyer for any other transactions upon the Company’s sole decision.

2. To exercise lien of any items owned by the Buyer and held by the Company for any purposeincluding but without limitations other transactions. The Company may arrange to sell such items after serving a 14-day notice to the Buyer about his non-payment. The proceeds shall make up for the payment due.

3. If the Buyer owes the Company several payments as a result of different transactions, the payments will setoff any payments due in any particular transaction, regardless of whether the Buyer specifies to setoff such payments.

4. Refuse the Buyer to make, or to make on behalf of others, bids in any future auctions and/ or to require a security deposit from the Buyer before accepting any future bids from him.

If the Buyer fails to make payment within 35 days, the Company is entitled to exercise one or more of the following rights in addition to the aforementioned: (a)To bring legal proceedings against the Buyer on behalf of the Seller to claim the entire payment due and the legal fees and attorney fees resulting from such proceeding based on a total claim. (b)Cancel the transaction of Lots bid by the Buyer or any other auction items sold to the Buyer at the same or any other auctions. (c)To arrange a public or private re-sale of the Lot. If the re-selling price is lower, the difference will be claimed against the Buyer together with any cost incurred as a result of the non-payment by the Buyer. h. No Collection of the Lot Sold The Company will arrange for the storage of the Lot if such item sold is not collected within 7 days following the successful auction, regardless of payment. Such storage cost will be borne by the Buyer. Only when the storage, shipping, insurance cost and any other expenses together with any other payments due to the Company are paid in full can the sold Lot be collected. i. Export Permit Except where otherwise agreed in writing by the Company, the fact that the Buyer’s wishes to apply for an export permit does not affect the Buyer’s responsibility to make the payments in 7 days following the auction date; nor does it affect the Company’s right to impose interest on delayed payments.

If the Buyer requests that the Company applies for the export permit on his behalf, the Company is entitled to collect monies made in connection with such an application and any miscellaneous expenses together with any relevant value added taxes.

If the Buyer makes the payment regardless of the fact that an export permit is needed, the Company is not responsible for returning to the Buyer any interest or other expenses incurred therefrom.

5. The Legal Responsibility of the Company The Company is responsible for returning payment to the Buyer pursuant to Article 2, Section 6.

Otherwise, whether the Buyer, the Company, any employees or agents of the Company will not be held liable for any statements of the author, history, date, year, ownership, authenticity or origin of any auction item or any errors with respect to any explanations and any flaws or defects of any auction item. The Buyer, the Company, the employees or the agents of the Company make no guarantee impliedly or explicitly with respect to any auction items. Any warranty of any kind shall not be included herein.

6. Return of Payments for Counterfeits The transaction will be cancelled and payments made before remit to the Seller will be returned to the Buyer if the Lot of the Company is confirmed to be a counterfeit by the professional appraisal party agreed and recognized by the Company in writing. However, if: a. The catalogue explanations or the notice at the auction distributed on the auction day corresponds to the opinions generally accepted by the academic or professional fields or explicitly indicates it conflicts with the opinions generally accepted by the academic or professional fields; or b. The method used to prove that the Lot is a counterfeit is a scientific procedure not generally accepted for use before the publication of the catalogue or a procedure unreasonably expensive on the day of the auction, or impractical, or may cause damage to the Lot; the Company is not liable for the return of any payment under any circumstances. In addition, the Buyer’s payment can only be refunded when the following terms are met: 1. The Buyer must notify the Company in writing within 10 days following the auction day that he considers the relevant auction item a counterfeit. The Buyer must return the Lot to the Company within the following 14 days following the said notice and the condition of the item must be the same as on the auction day and without any damage.

2. Upon returning the Lot, the Buyer must present evidence as soon as possible to convince the Company that the Lot is a counterfeit (The Company has the final and sole discretion and decision and such decision shall not be objected in this regard). The Buyer may also assign the good ownership of the Lot to the Company, which shall not concern any third party claim.

Under no circumstances is it necessary for the Company to pay the Buyer an amount more than what the Buyer pays in connection with the Lot and the Buyer can not claim interests.

The interests of the warrantee cannot be assigned and belong solely to the Buyer who receives the original invoice on which such Buyer’s name is recorded from the Company when the Lot is sold.

Such Buyers shall remain the owner of the auction Lot and cannot assign any interest of the Lot to any other person. The Company is entitled to ascertain that the Lot is not a counterfeit based on a scientific procedure or any other procedure, regardless of whether such procedure is being used on the day of the auction.If the result of appraising and verifying whether the Lot is a counterfeit by the Company conflicts with the evidence provided by the Buyer, the Company’s said result shall prevail over the evidence provided by the Buyer.

Article 3.The Seller 1. The Company as the Agent The Company acts as the agent of the Seller at a public auction. The Closing Agreement of the Lot is the agreement by and between the Buyer and the Seller, through the agency of the Company on behalf of the Seller. The Seller shall be responsible to the Buyer for performing the obligations and responsibility of a seller.

2. Expenses The Seller shall bear costs relating to the following: a. Packing of the Lot and shipping to the Company for the auction b. Any applicable shipping insurance c. The packaging and shipping if the item is delivered back to the Seller. Any applicable custom duties d. Insured under the Company art relic insurance policy (explained in detail later) indicate cohere (we point below) e. Any repairs made to the Lot as per prior agreement with the Seller f. Authentication made by independent professionals appointed by the Company which the Company believes to be necessary in preparing the catalogue explanations. g. Any independent professional opinions appointed by the Company which the Company deems proper h. The storage, loading and unloading and custody of the Lot after the auction (if applicable) i. The administration cost of the Company reaches the total amount of 10% of all the expenses and 10% of the damages incurred as a result of client services provided. j. Any marketing and promotional expenses 3. Insurance Coverage to be Arranged by the Company a. Unless otherwise agreed by the Company, the Lot will be automatically insured under the the Company art relic policy in the amount as deemed appropriate and estimated by the Company.

However, the insured amount is not the amount the Company undertakes to be successfully reached during the auction. b. The Company will collect 1% of the hammer price from the Seller or 1% of the Reserve Price if the Lot is not successfully auctioned as the insure premium. If the shipping is arranged by the Company, an additional amount will be collected by the Company from the Seller as the

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shipping insurance. Such amount varies depending on the individual condition of each auction item. The Company will refer a freight forwarder if necessary. However, in no event shall the Company be not responsible for any legal responsibilities and liabilities incurred therefrom. c. The Lot will remain insured up to 7 days after the auction date. If the Lot has not been sold, it will be at the Seller’s risk upon the expiry of 7 days. d. We are unable to accept responsibility for damage caused by woodworm or changes in atmospheric conditions, moisture, force majeure or unforeseeable conditions, or any reason not attributable to the Company.

4. Insurance Purchased by the Owner If the Seller instructs the Company specifically that it is unnecessary to purchase insurance for the Lot, the risks shall be borne entirely by the Seller until the Buyer makes all the paymentsand the Lot is delivered to the Buyer. The Seller must indemnify the Company, the employees and agents of the Company and the Buyer (if applicable) any claims in connection with the auction against the Company, the employees and agents of the Company and the Buyer, regardless of the cause of such claim, without any conditions. The Buyer must be responsible and also pay for the expenses incurred as a result of such claim if requested by the Company, the employees and agents of the Company and the Buyer, even if such expenses are made as a result of negligence by the Company, the employees and agents of the Company and the Buyer without proof of legal responsibility. The Seller must informby himself/herself the underwriter of the Seller the provision herein.

5. Commitments Made by the Seller with Respect to the Lot The standards for the Company to handle the Lots are provided hereunder. These standards also stipulate and limit the sale relationship between the Seller and Buyer. In the event such standards are incorrect in any aspect, the Company or the Buyer may bring legal actions against the Seller.

The Company should base the purchase and handling of auction items on the following undertaking made by the Seller: a. The Seller is the only legal owner of the Lot and has the unlimited rights to assign his ownership to the Buyer which should not concern any third party right or claim (including but without limitations copyright claims, liens, mortgage). b. The Seller complies with all the laws in connection with the import and export of auction items and any other laws and has notified the Company in writing any failure to comply with such rules in the past. c. The Seller has notified the Company in writing of any major modifications in the Lot to the best of his knowledge and any concern the third party has raised with respect to the ownership of the Lot and the condition.

In the event of any inaccuracy of the above a, b and c now or in the future, the Seller must guarantee, if requested, to identify fully the Company and/or the Buyer all the claims, legal fees, attorney fees or other costs and expenses arising herefrom, whether caused by the Lot or the auction proceeds.

6. Auction Arrangements a. The Company has absolute discretion over the description of the auction in the catalogue, display layouts, authentication opinions, location and method of the auction, who will be allowed to bid and the acceptance of the bid price, whether to seek professional opinion and whether to combine or separate the Lots. b. Any price estimates, whether verbal or written are strictly opinions and shall not serve as a guarantee of the final price for the Lot to be sold. c. The Seller cannot withdraw the sale of the Lot without obtaining the prior written consent from the Company. The Company reserves the right to withdraw, suspend, or terminate the sale and authorization of the Lots for the following reasons. These reasons include: 1. The Company is doubtful about the definition or authenticity of the Lot or the accuracy of the statement referred to in Articles 5a, b. or c; or 2. Any violations of the Transaction Agreement; or 3. The Company deems it inappropriate to include the Lot in the auction. d. Withdrawal of Mandate or Authorization (1)The Seller may not withdraw, suspend or terminate his/her/its mandate for the Item(s) or the authorization to the Company under this Agreement without prior written consent of the Company.

(2)In the case of such withdrawal, suspending or termination stated in paragraph A, the Seller shall pay the Company an amount equivalent to 40% of the Reserve Price as punitive damages in addition to the compensation for damages or economic loss to the Company.

(3)In case of default or breach of this Agreement, the Company may cancel or terminate this Agreement anytime and the Seller shall also pay all costs and expenses incurred by the Company under this Agreement.

7. Auction Rules a. The Company will auction the item according to the Reserve Price. The Reserve Price may not be higher than the minimum of the estimates set in the catalogue except otherwise if the Reserve Price agreed is in a currency other than HK dollars and the ReservePrice is higher than the minimum of the estimates caused by the exchange rate fluctuation between the Reserve Price agreement day and the auction day. Under such circumstances, except where otherwise agreed by the Company, the ReservePrice shall be in HK dollars calculated by the exchange rate at the closing of the market the day immediately before the successful auction. b. If the bid price is lower than the ReservePrice, the Company is in no way to be held liable; however, the Company is entitled to auction the item at a price lower than the ReservePrice. If the Company so auctions the item, the Company is responsible to pay the Seller the difference between the closing price and the ReservePrice. c. The Seller may not increase the price with his own or other third parties’ name, nor participate in the bidding of his/her/its auction item(s)with his own or other third parties’ name, however, The Company is authorized to bid on behalf of the Seller at the price not higher than the Reserve Price.

8. After the Successful Auction a.Settlement Upon the successful auction, the Company will request the Buyer to make full payment no later than within 7 days following the auction date, including the compensation payable by the Buyer. Upon payment by the Buyer, unless the Company receives a notice claiming such auction item is a counterfeit (as defined in Article 2 of the Transaction Agreement) or other necessary conditions, the Company will remit to the Seller within 60 workdays following the successful auction day an amount equal to the closing price taking away all the expenses payable by the Seller. In the event the Buyer delays the payment, the Company will remit to the Seller within 7 workdays following the payment in full by the Buyer.

Unless otherwise instructed by the Seller in writing, the Company will make its payment in HK dollars. If the Seller requests to pay in currencies other than HK dollars, the exchange rate should be according to what the Hong Kong and Shanghai Banking Corporation (HSBC) reports and the Company announces on the auction date. b. Closing of the Transaction and Handling Fee (1)The transaction is closed when the Buyer has paid the Company in full after the auction.

(2)The handling fee is payable to the Company after the closing of the transaction. c. Non-payment by the Buyer If the Buyer fails to make all the payments due within 7 days following the auction day, the

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Company is entitled to negotiate special terms in connection with the payments, storage, and insurance on behalf of the Seller and act as deemed necessary by the Company to collect payments payable from the Buyer.Any and all damages, costs, expenses or fees incurred shall be borne by the Seller. However, the Company is not responsible for making payment to the Seller nor for bringing any legal actions on behalf of the Seller. The Company will discuss with the Seller to adopt appropriate actions to claim auction payments from the Buyer. d. Counterfeits If the Buyer convinces or make the Company doubt that the Lot is a counterfeit (as defined in Article 1 of the Transaction Agreement) or stolen good or involved in any illegality within ten (10) days after the Buyer settles all payments and collects the Lot from the Company, the Company will return the hammer price (The Company may deduct the reasonable expenses and fees incurred) received from the Buyer and the Lot will be returned to the Seller or forwarded to the Police for handling. The Seller shall not object to the Company’s decision and handling in accordance with this Lot and make any claim or allegation. The Company will notify the Seller of such matter and the Seller shall return to the Company without objection the entire payment received within three (3) days of such notification, and shall pay the Company fees and expenses, and any and all losses, damages or related expenses and fees. In case that the Seller’s failure of payment and compensation obligations, the Seller shall pay the interest for delay of the entire payment by the best saving rate of the Hong Kong and Shanghai Banking Corporation (HSBC)plus ten percent (10%) per annum.

In addition, the Company may collect one percent (1%) of the total amount of the hammer price plus the Buyer’s Premium paid by the Buyer as the compensations for breach of contract.

The Company may decide to offset the Seller’s payment payable to the Company from the Company’s or other subsidiaries’payments due to the Seller in other transactions. e. Items Not Successfully Auctioned (1)Any items not successfully auctioned, not included in the auction or withdrawn from the auction for any reason must be collected by the Seller within 35 days upon notification by the Company to the Seller that he must reclaim the Lot. (2)A storage fee of HK$300 per day per piece will be imposed on each item not collected after such 35 day period together with an additional charge for purchasing insurance coverage.

The Seller may not reclaim such item until all the payments due are made.

(3)Such items may be removed to a third party warehouse if not collected in 60 days after the notification of collection is issued. The expenses arising therefrom shall be borne by the Seller.

(4)The Company may dispose of the Lot in the manner it deems appropriate if such item is not collected within 90 days following the auction date or the notice date (whichever is the earlier). Such disposal includes removing the item to a third party warehouse with the associated expenses borne by the Seller and to auction such items under terms deemed appropriate by the Company (including the terms of estimates and the ReservePrice). The Company will pay the Seller the auction proceeds after payments owed are offset.

(5)The Company is authorized to act as the sole agent of the Seller within 2 months following the auction for any auction item withdrawn from the auction or not sold. The Company may auction in private the item based on the net amount the Seller may receive (the amount after deducting all the expenses payable by the Seller) or sell such item in private at a lower price agreed upon by the Company and the Seller. The Company has the rights to offset all expenses payable by the Seller in advance. Under such circumstances, the Seller’s responsibilities and liabilities to the Company are the same as during an auction.

9. Photographs and Display The Seller agrees the Company have rights to make the photographs, illustration, recordings and other reproduced images of the Lot. The Company owns all rights to the photographs, illustration,recordings and other reproduced images of the Lot made by the Company. All the rights(including but without limitation the copyright) of such images shall belong to the Company and the company is entitled to use such images in any manner it deems appropriate,and the Seller has no objection.

10. Taxes a. According to the tax laws of Hong Kong, The Company shall submit to the competent revenue agency the name of the Sellerand other relevant documents supplied by the Seller. b. If the Seller is a Hong Kong resident (corporation or individual), according to the tax laws of Hong Kong, no withholding amount of the profit tax will be deducted. However, The Company shall reserve the rights to claim for the tax amount and other related expenses (including but not limited to interests, penalty) from the Seller if the representation made or document provided by the Seller is not true. c. Where the Seller is a foreigner, the Seller agrees that The Company may deduct an amount equivalent to 0.5% of the hammer price or the Reserve Price (if the Reserve Price is higher than hammer price) and submit the deducted amount as Profits tax to the competent revenue agency. The amount to be withheld by The Company shall be subject to change once the applicable tax rate is adjusted.

Article 4.Terms Applicable to Both the Buyer and the Seller 1. Intellectual Property Rights Intellectual property rights(including but without limitations, the copyright or patent) of all the images, photographs and written material in connection with the Lot shall maintain and belong to the Company at any time. The Buyer or any person may not use such items without obtaining prior written consent from the Company.

2. Notices All the notices distributed according to the Transaction Agreement herein shall be made in writing. Any notice shall be deemed served to the recipient on the second day following delivery if sent by mail. If the recipient is abroad, the notice shall be deemed served on the fifth working day following delivery by mail.

3. Severability (1)If any part of the Transaction Agreement is deemed invalid, illegal or unenforceable by any court, such part can be ignored and the rest of the Transaction Agreement continues to be valid and enforceable to the maximum extent permitted by the law.

(2) The conditions of the Buyer under Article 2 exclusively apply to the relationship between the Company and the Buyer, which the Seller shall not apply. And the conditions of the Seller under Article 3 exclusively apply to the relationship between the Company and the Seller, which the Buyer shall not apply.

4. This Agreement is entered into the parties in English and Chinese. If there is any conflict with two versions, the Chinese version shall prevail.

5. This Agreement may be revised or modified by the Company from time to time, and the Prospective Buyer, the Buyer andthe Seller agree to obey the revision or modification.

6. Jurisdiction The Transaction Agreement is governed under the Hong Kong laws and the interpretation and effect of the Rules shall be subject to the laws of Hong Kong. The Buyer and Seller shall submit themselves to the exclusive jurisdiction of the Hong Kong courts for the interests of the Company.

香港珠寶業務規則

本業務規則，為羅芙奧香港拍賣有限公司 (「本公司」)作為拍賣公司與賣家訂立合約之條 款，亦作為賣家之代理人與買家訂立合約之條款。準買家、買家及賣家務須細讀各項規則並 完全同意遵守本香港業務規則。準買家、買家請特別留意第二條第5項，其對本公司之法律責 任作了限定。 一. 本業務規則所用詞彙之定義 在本業務規則中，某些常用詞彙需加以解釋。此等詞彙定義如下： 1.「買家」：指本拍賣公司所接受之出價最高之自然人或法人。 2. 「準買家」：指任何有意參加本公司舉辦拍賣之任何自然人或法人。 3. 「賣家」：指將拍賣品獨家委託本公司於本公司舉辦之拍賣會參與拍賣之自然人或法人。 4.「拍賣品」：指交予本公司以供拍賣出售之物品，尤其在任何目錄內以任何編號描述之一 項或多項物品。 5.「落槌價」：指本拍賣公司就某一拍賣品而接受之最高出價之價款。 6.「買家佣金」：指買家按拍賣落槌價之某一百分比而支付之費用；收費率如第二條第4a項 所列。 7.「底價」：指本公司與賣家協定之最低價格，拍賣品不能以低於該價之價格售出。 8.「膺品」：指拍賣品構成模仿，而模仿之原構想及其整體執行均具有欺詐意圖，以就拍賣 品之作者、來歷、年代、時期、文化或來源進行欺騙，而對此等事項之正確描述並未在目 錄之描述上反映出來，而拍賣品在拍賣當日之價值，遠低於按照目錄之描述所應有之價 值。按此定義，任何拍賣品均不會因為有任何損壞及／或任何形式之修整而成為膺品。 9.「保險值」：指本公司不時按其絕對決定權認為拍賣品所應購買之保險之價值（不論保險 是否由本公司安排購買）。 二.買家 1. 本公司作為賣家之代理人 作為拍賣公司，本公司以作為賣家代理人之身分行事。除另行協定外，在本公司之拍賣中 成功拍賣之物品，即產生賣家通過本公司之代理與買家達成之合約。 2.拍賣前 a. 鑑定物品 本公司鄭重建議，準買家應於拍賣進行之前親自鑑定其有興趣競投之物品。除香港法例 (如商品說明條例)另有規定外，本公司不會就拍賣品及其證明文件之真偽對買家作任何 保證。 b. 拍賣品狀況之重要注意事項 請準買家注意，在可能的範圍內，目錄中對於拍賣品特性上之描述，皆已提及顯著的損 壞，惟不包括所有的缺陷、瑕疪與不完整。對任何拍賣品之描述亦不應視作表示其無經 過重整或修理，亦不應視作對拍賣品狀態或保存情況的陳述或保證。在目錄中若有狀態 陳述的缺乏或損害鑑定的缺乏，並不代表拍賣品是為良好狀態。本公司鄭重建議，準買 家在拍賣進行之前，對於有興趣競投之拍賣品狀況應經由親自檢閱，不應依據目錄中的 描述或陳述，因為任何在目錄中所列出的描述或陳述是為純粹本公司的主觀意見，並非 提供聲明或擔保。準買家知悉並瞭解所有拍賣品均以「現狀」售出。除香港法例(如商 品說明條例)另有規定外，本公司對於任何拍出之拍賣品狀態不作任何承諾或保證。 c. 符號表示 以下為目錄中所載符號之說明 高估價拍賣品 為對「高估價拍賣品」（ ）作出競投，買家必須填妥拍賣品預先登記表，並向本公司 交付所需的財務狀況證明、擔保、存款證明及／或本公司可絕對酌情要求買家為競投須 作出的其他抵押。本公司對是否接受任何預先登記申請有最終決定權。本公司建議買家 在有關拍賣日期至少五個工作日前聯絡本公司，以進行預先登記。請注意本公司不能在 週末或公眾假期期間取得財政狀況證明。「高估價拍賣品」登記競投者，本公司將提供 特殊的競投牌號參與競投。 ○ 保證項目 拍賣品編號旁註有○ 符號者，表示賣家已取得本公司保證，可在一次或一連串拍賣中得 到最低出售價格。此保證可由本公司、第三方或由本公司與第三方共同提供。保證可為 由第三方提供之不可撤銷競投之形式做出。若保證拍賣品成功售出，提供或參與提供保 證之第三方可能會取得財務利益；惟銷售不成功時，則可能會產生虧損。若提供或參與 保證之第三方成功競投保證拍賣品時，他們仍需支付全額的買家佣金。 含有瀕臨絕種及其他受保護動物物科之拍賣品 如拍賣品屬性含有瀕臨絕種及珍貴稀有之保育野生動植物等材質成分，在目錄中會於 標題處以『 』方式標示註記，以供辨識。這些物料舉凡珊瑚類、象牙、玳瑁角、鱷魚 皮、犀牛角、鯨鬚製品⋯等。買家請留意知悉:許多國家對於含有上述材質之物品完全 禁止進口，而有些國家則規定含有以上成分物品之進、出口是須向相關管理機構取得許 可證(如:CITES許可證)。以美國國家為例，禁止進口歷史年資低於100年的象牙製品。 本公司建議買家於拍賣喊價投標前，負責並確定滿足適用於含有瀕臨絕種動物及其他 受保護野生動植物物料的物品出入口進出口等任何相關法規之要求。買家知悉並完全瞭 解，如含有瀕臨絕種動物或其他受保護野生動植物物料的拍賣品項無法進、出口，係不 構成撤銷競投或解約理由之因素。 緬甸寶石進口美國 含有產於緬甸的紅寶石或翡翠之物品，可能被禁止進口美國。為方便投標者，在目錄中 會於標題處以『 』 方式標示註記，以供辨識。買家知悉並完全瞭解：買方若未能成 功將有關物品進口美國或其他國家，不足構成不付款或撤銷對該拍賣品競投的理由。若 物品含有其他產於緬甸之寶石(例如藍寶石等)，若是在緬甸以外地區已鑲嵌或組裝成的 珠寶首飾，並能證實乃非暫時性的產品(暫時性指例如是僅以繩子束縛時)，則有可能進 口美國。 鐘錶進口美國 買家請注意，由於美國對於高級貴重鐘錶有嚴格的進口限制，如Rolex，凡這類鐘錶拍 賣品(不限於Rolex) 均不能以運輸方式進口美國。買家需以個人身分攜帶，通常只能攜 帶一隻此類鐘錶進入美國。本目錄中有此限制之拍賣品均有『 』標示註記。 此外，買家須自行負責確定此類高級貴重鐘錶的進口限制，並加以遵守，本公司並不負 有擔保責任。買方知悉並完全瞭解，本公司若在拍賣品附加標記上有所遺漏，不足構成 撤回或撤銷對該拍賣品競投的理由。

d. 目錄說明 本公司於目錄或鑑定意見書內對任何拍賣品及其證書之作者、來歷、日期、年代、尺 寸、材質、歸屬、真實性、產地、保存狀況或估計售價之陳述，或另行對此等方面之 口頭或書面陳述，均僅屬本公司主觀意見之陳述，不應依據為確實事實之陳述，亦不 應視為本公司對於任何拍賣品之狀態所作之承諾或保證。目錄圖示亦僅作為參考而 已，不應作為任何拍賣項目之依據，藉以決定其顏色或色調，或揭示其缺陷。拍賣價 格之估計，不應依據為拍賣品會成功拍賣之價格或拍賣品作其他用途之價值陳述。 許多拍賣品基於其年代或性質，使其未能有完美之狀況，目錄內有些說明或鑑定意見 書會提述拍賣品之損壞及／或修整資料。此等資料僅作為參考而已，如未有提述此等 資料，亦不表示拍賣品並無缺陷或修整，如已提述特定缺陷，亦不表示並無其他缺 陷。 本目錄中的所有拍賣商品定有本公司與賣家雙方同意之底價者，即不會以低於此價出 售的一個保密的最低價；且此底價不高於目錄中所示的最低估價。如有拍賣品不約制 於此底價限制，將特別會以紅色字樣標註於拍賣品標題名稱欄位處並會加以註示。 此目錄中對鐘錶的狀況描述，包括損壞及修整情況，僅供買家參考，有關描述可能並 不完整。買家可向本公司要求提供任何一件拍賣品的狀況報告，惟該等報告有可能並 不完整，亦可能並沒有明列所有的機械更換及損壞情況。因此，買家應親自檢視推出 拍賣的鐘錶以評估其狀況。目錄中的所有拍賣品均以其當時狀況「現況」出售，而沒 有說明其狀況的鐘錶，並不表示該鐘錶的狀況良好，以及沒有損壞，及曾經修理或修 復。幾乎所有曾被使用一段時間的鐘錶也曾作過修理，致使某些部件並非原件的組成 部分。此外，本公司不會對鐘錶的運作作出保證。務請注意: (1)大部份附有防水錶殼的腕錶已被開啟以確認其類型及運轉部份的質素，因此不應 假定其仍為防水，而買方應在使用前安排該等手錶經由合格的鐘錶匠檢查。 (2)含量低於18K的黃金並不是在所有國家均被視為「黃金」，並可能被拒進口。倘若 出現被拒進口的情況，本公司將毋須負上任何責任。 (3)本公司的出售目錄中所述的所有勞力士手錶均以肉眼可見的狀況下出售，而本公 司將不保證此等勞力士手錶的任何個別部件是否原廠製造。該等被描述為「附件」 的手鐲並非原件的組成部份，因此可能並非真品。 e. 買家之責任 有關拍賣品之狀況以及目錄說明所提述之事項，買家有責任自行查明並了解，並就拍 賣品為自己獨立之判斷及評估，確使自己感到滿意。 3.拍賣時 a. 拒絕入場 拍賣於本公司之場地進行，或於本公司為拍賣而具有控制權之場地進行，本公司具有 完全之決定權，可行使權利拒絕任何人進入拍賣場地或參與拍賣而無須作出任何解 釋。 b. 競投之前作出登記 每一準買家在作出競投之前，必須填妥及簽署登記表格，並提供身分證明。準買家應 注意，本公司通常會要求對買家作出信用核查。 c. 競投者為買家 競投者將被視為買家而須承擔獨立之法律責任，除非登記時已經與本公司書面協定， 競投者僅為第三人之代理人，且該第三人須為本公司所同意接受者。 d. 委託競投 如準買家使用印於目錄說明之後之表格指示本公司代其競投，本公司將盡適當努力代 其競投，但代為競投指示須於拍賣前送抵本公司。如本公司就某一拍賣品而收到多個 委託競投之相等競投價，而在拍賣時此等競投價乃該拍賣品之最高競投價，則該拍賣 品會歸其委託競投最先送抵本公司之人。委託競投之承擔受拍賣時之其他承諾所限， 而拍賣進行之情況可能使本公司無法代為競投。由於此項承擔乃本公司為準買家按所 述條款提供之免費服務，如未能按委託作出競投，本公司將不負任何法律責任。準買 家如希望確保競投成功，應親自出席競投。 e. 電話競投 如準買家於拍賣前與本公司作好安排，本公司將盡適當努力聯絡競投者，使其能以電 話參與競投，但在任何情況下，如未能聯絡或無法參加電話競投，本公司對賣家或任 何準買家均不負任何責任。 f. 即時網上競投 若準買家未能出席拍賣會，或可透過 LiveAuctioneers 網上競投服務於網上競投指 定拍品，而承擔買方獨立責任。此項服務乃免費及保密。有關透過 LiveAuctioneers 網上競投服務登記，進行網上競投之詳情，請參閱本公司網頁 ravenel.com。使用 LiveAuctioneers 網上競投服務之準買家須接受透過 LiveAuctioneers 網上競投服務進行 即時網上競投之附加條款（可參閱羅芙奧 ravenel.com），以及適用於該拍賣之業務規 則所規範，本公司得隨時修改該業務規則。 g. 匯率轉換顯示板 拍賣會中，本公司會使用匯率轉換顯示板，然而競投仍會以港幣進行。匯率轉換顯示 板僅供參考，不論是顯示板所示之拍賣品編號或是港幣競投價之相等外匯，其準確程 度均可能會出現非本公司所能控制之誤差。買家因依賴匯率轉換顯示板（而非因以港 幣競投）所導致而蒙受之任何損失，本公司概不負責。 h. 錄映影像 在拍賣中會有影像投射，但其操作或會出現錯誤。不論影像是否與成功拍賣之拍賣品 相配合，或是如翻版影像之質素，本公司對買家均不負任何責任。 i. 拍賣官之決定權 拍賣官具有絕對決定權，包括但不限於有權拒絕任何競投、以其決定之方式推動出 價、將任何拍賣品撤回或分批、將任何兩件或多件拍賣品合併拍賣，以及如遇有誤差 或爭議，將拍賣品重新拍賣。拍賣官會於拍賣開始前或於相關拍賣品競標前對應注意 事項作出通告，買家須自行注意此等通告。 j. 成功競投 在拍賣官之決定權下，下槌即顯示對最高競投價之接受，視為賣家與買家之成功拍賣 合約之訂立。買家即應對賣家負擔買受人之義務及責任。 4.拍賣後 a. 買家支付每件拍賣品之佣金費率 (1)買家除支付落槌價外，另須支付佣金予本公司，落槌價於港幣捌佰萬元以下者 (含港幣捌佰萬元) 以20％計算。 (2)落槌價於港幣捌佰萬元以上者，採分為二階段計費，其中港幣捌佰萬元以20％計 算，超過港幣捌佰萬元之部份再以12％計算，加總計算佣金金額。 b. 稅項 買家應付予本公司之所有款項均不包括任何國家或地區稅賦、貨物或服務稅或其他稅 款。如有任何此等稅項適用，買家須負責按有關法律所規定之稅率及時間，自行繳付 此稅款。

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c. 付款 成功拍賣後，買家須向本公司提供其姓名及永久地址。如遇要求，買方亦須提供付款 銀行之詳情，包含但不限於付款帳號。買方應於拍賣日後起算七天內悉數支付應付予 本公司之款項（包含落槌價、佣金，以及任何適用之稅款及其他費用）。即使買家希 望將拍賣品出口並需要（或可能需要）出口許可證，此一付款條件亦適用。 買家如未向本公司支付應付之全部款項，則不能取得拍賣品之所有權，即使本公司已 將拍賣品交付予買家亦然。如支付予本公司之款項為港幣以外之貨幣，本公司將向買 家收取所引致之任何外匯費用。這包括銀行收費與兌換貨幣之規費及匯差。 以港幣以 外之貨幣付款予本公司之匯率，依拍賣日現場由香港匯豐銀行公佈之匯率，並以本公 司就此兌換率而發出之憑證為準。 d. 領取已購拍賣品 除非本公司另有特別相反協定，否則本公司將暫時保留已成功拍賣之拍賣品，直至所 有應付予本公司之款項已悉數由買家支付為止。拍賣品在暫時保留期間，由成功拍賣 日後起算七天將受保於本公司之保險，如屆時拍賣品已被領取，則受保至領取時為 止。七天期滿後或自領取時起（以較早者為準），拍賣品之風險全由買家承擔。 e. 包裝及搬運 本公司謹請買家注意，成功拍賣日後起算七天期滿後或自領取時起，拍賣品之風險全 由買家承擔，但不得損及本公司之權益。 f. 介紹裝運及運輸公司 本公司之貨運部門在買家要求下，可為買家介紹運輸公司、安排付運及購買特定保 險，但本公司在此方面不負任何法律責任。買家必須預先繳付運送費用。 g. 不付款之補救辦法 如買家並未有在成功拍賣日後起算七天內付款，本公司即有權行使下述一項或多項權 利或補救辦法： (1)在成功拍賣日後起算七天仍未付款，則按不超過香港匯豐銀行最優惠利率加10%之 年利率收取整筆欠款之利息。此外本公司可同時按日收取依賣價（含佣金）1％計 算之違約金。本公司亦得自行選擇將買家未付之款項，用以抵銷本公司或其他附屬 公司在任何其他交易中欠下買家之款項，買方絕無異議。 (2)對任何屬於買家所有而因任何目的（包含但不限於其他交易）而由本公司管有之 物品行使留置權，並在給予買家有關其未付之欠繳之14天通知後，安排將該物品出 售並將收益用以清償該未付之欠款。 (3)如買家因多項不同之交易而欠下本公司數筆款項，將所付之款項用以清償就任何 特定交易而欠下之任何款項，而不論買家是否指示用以清償該筆款項。 (4)在將來的任何拍賣中，拒絕買家作出或由他人代其作出之競投，或在接受其任何 競投之前先收取買家一筆保證金。如買家未有在三十五天內付款，本公司除上述者 外，另有權為下述一項或多項權利或補救辦法： (a)代賣家針對買家進行法律程序，以追討整筆欠款，連同此項以悉數賠償為基準 之法律程序之訴訟費及律師費等相關費用。 (b)取消同一次或任何其他拍賣中買家競投得之拍賣品或任何其他售予買家之拍賣 品之交易。 (c)安排將拍賣品公開或私下重售，如重售所得價格較低，就差額連同因買家未有 付款而引致之任何費用一併向買家索償。 h. 未有領取已購拍賣品 如已購得之拍賣品未有被買家在成功拍賣日後起算七天內領取，則不論是否已付款， 本公司將安排貯存事宜，費用由買家承擔。而買方在付清所引起之貯存、搬運、保險 及任何其他費用，連同欠本公司之所有其他款項付清後，買家才可領取已購得之拍賣 品。 i. 出口許可證 除本公司另有書面同意外，買家希望申請出口許可證之事實，並不影響買家在成功拍 賣日後起算七天內付款之責任，亦不影響本公司對延遲付款收取利息之權利。 如買家要求本公司代為申請出口許可證，本公司有權向其收回與此項申請有關之付出 款項及零碎開支連同任何有關之稅款。 如買家不管需要有出口許可證之事實而作出付款，本公司並無責任退還買家因此而引 致之任何利息或其他開支。 5. 本公司之法律責任 本公司僅在第二條第6項所列之情況下，得將退還款項予買家。除此之外，不論賣家或 本公司，或本公司任何僱員或代理人，對任何拍賣品之作者、來歷、日期、年代、尺 寸、材質、歸屬、真實性、產地、保存狀況或估計售價之陳述，或任何拍賣品之任何缺 陷，均不負有任何責任。賣家、本公司、本公司之僱員或代理人，不論是明示或暗示， 均無就任何拍賣品作出任何保證。 6. 膺品/贓物之退款 如經本公司拍賣之拍賣品，經本公司書面認可之專業鑑定機構出具鑑定報告證實為膺品 或贓物，則交易將取消，已付之款項於交付賣方前將退還予買家。但如： a. 在拍賣日發出之目錄說明或拍賣場通告符合當時學者或專家普遍接納之意見，或清楚 表明有抵觸當時學者或專家普遍接納之意見，或 b. 證明拍賣品為膺品或贓物之方法，只是一種在目錄出版前仍未普遍獲接納使用之科學 程序，或是一種在拍賣日仍屬昂貴得不合理或並不實際或很可能會對拍賣品造成損壞 之程序，則本公司無論如何並無責任退還任何款項。此外，買家只在滿足下述條件下 方可獲得退款： (1)買家必須在付款領取拍賣品後的十日內以書面通知本公司，說明買家認為有關拍 賣品乃膺品或贓物之詳細理由及證據，並通知後十四日內及將拍賣品送還本公司， 而其狀況應維持與拍賣當日相同，不得有任何損壞；及 (2)送還拍賣品時，買家須出示證據，足以使本公司確信拍賣品乃膺品或贓物(本公司 保有最終及不可異議的決定權)。在任何情況下，本公司均毋須向買家支付多於買 家就有關拍賣品而支付予本公司之款項，而買家亦不能索取利息或任何賠償。 本條款之利益不能轉讓，完全屬於拍賣品成功拍賣時獲本公司發給正本發票之買家所有 (該買家名稱確係被記載於發票上)，該名買家並須自拍賣後一直保持拍賣品擁有人之身 分，而且並無將拍賣品之任何利益讓予任何第三人。本公司有權依據任何科學程序或其 他程序確定拍賣品並非膺品，不論該程序在拍賣當日是否已使用或已在使用，如本公司 驗證拍賣品是否屬於贗品之結果與買家出示證據相衝突者，應以本公司驗證結果為準。 三.賣家 1. 本公司作為代理人 本公司在公開拍賣會中，以作為賣家代理人身份行事。拍賣品成功拍賣後，即產生賣家 通過本公司之代理與買家達成之合約，由賣家負責向買家履行出賣人義務及責任。

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2. 開支 賣家須負責與下述各項有關之費用： a. 將拍賣品包裝並運予本公司作拍賣。 b. 任何適用之運送保險。 c. 如拍賣品交回賣家其包裝與付運。若拍賣品由海外進口，付運費與進口適用之稅項。 d. 受保於本公司之精品保險單（下文另有解釋）。 e. 預先與賣家協定之對拍賣品作出之任何修整。 f. 本公司為擬定目錄說明指定需由外界專家作出之鑑定。 g. 本公司指定之任何外界專家意見。 h. 拍賣品拍賣前後之裝卸、貯存及保管等費用。 i. 本公司之行政費用，金額為因賣家而引致之一切費用及損害金額之10%。 j. 任何市場之推廣及廣告費用。 3. 由本公司安排保險事宜 a. 除非與本公司另有協定外，否則拍賣品將自動受保於本公司藝術品精品保險單，保險 值為本公司自行評估 當時認為適當者。然而保險金額並非本公司承諾拍賣品會成功拍 賣之款額。 b. 本公司將向賣家收取拍賣落槌價之1%或若未拍賣成功時以拍賣品底價之1%，作為保險 費。如由本公司安排運送，本公司將向賣家收取額外款項，作為運送保險費，款額視 每宗拍賣品之特定情況而定。如有需要，本公司可建議/介紹承運人，但不論於何種情 況下，本公司均不承擔任何有關此方面之運送法律責任。 c. 拍賣品在成功拍賣日後起算七天內保險仍然有效。如拍賣品未能成功拍賣，保險屆期 以後風險全由賣家承擔。 d. 由蛀木蟲、空氣、水份情況轉變或其他不能預見或人力不可抗拒情況而對拍賣品造成 之損壞，或其他非可歸責於本公司之事由所致之損壞，本公司不承擔任何法律責任。 4. 物主購買保險 如賣家特別指示本公司毋須為拍賣品購買保險，風險全由賣家承擔，直至拍賣品交付予 買家為止。賣家無條件同意須保障本公司、本公司之僱員與代理人，以及買家（如適 用）免負因拍賣品而針對本公司、本公司之僱員與代理人，以及買家索償之賠償責任， 而不論索償因何引起。賣家亦同意應本公司、本公司之僱員與代理人，以及買家所要 求，負責償還因此種索償而引致之開支，縱使本公司、本公司之僱員與代理人，以及買 家有疏忽之處，而未證明有任何法律責任而作出之付款，亦須償還。賣家須自行將本條 條款揭露予賣家之承保人。 5. 賣家就拍賣品所作之承諾 本項列出本公司處理拍賣品之基準，規範賣家與買家之間的買賣關係。如此基準在任何 方面有不確實之處，本公司或買家可採取針對賣家之法律行動。本公司處理拍賣品及購 買拍賣品，均以賣家所作之下述承諾及擔保為基準，賣家承諾及擔保如下： a. 賣家為拍賣品之唯一所有權人及/或合法持有人，具備將其所有權及相關所有權利(於無 質押、無產權負擔及無涉及第三人權益或申索的情況下)轉讓予買家之無限制權利。 b. 賣家已遵守一切與拍賣品之進出口有關之法律或其他方面之規定，並已將過去任何第 三人未能遵守此等規定之事以書面通知本公司。 c. 賣家已將其所知之有關拍賣品之任何重大修改以及第三人就拍賣品之所有權、狀況或 歸屬所表示之任何關注以書面通知本公司。 如上述a、b或c等三項擔保有任何不確實之處，賣家須應本公司及/或買家之要求，完全負 責及彌償本公司及／或買家一切因此而引起之損失索償、訴訟費、律師費、所有費用及 開支，而不論是因拍賣品還是因拍賣收益而引起。 6.拍賣安排 a.本公司對目錄內拍賣品之描述與圖示方式、鑑定意見書、拍賣地點與方式、讓何人進場 競投以及競投價之接受、是否應尋求專家意見，以及將物品合併或分開拍賣等均有完 全之決定權。 b.任何估價，不論口頭或書面，均只屬意見，而非拍賣品最終可賣得的價錢之保證。 c.未得本公司事前書面同意，賣家不可撤回拍賣品之委託。但本公司保留隨時因後述原因 而撤回、中止或終止拍賣品委託授權之權利。此等原因為： (1)本公司對拍賣品之界定或真實性或上述第5a、 b或c項所指之承諾之準確性有懷疑； 或 (2)有任何違反本業務規則之情況；或 (3)本公司認定將拍賣品納入或繼續執行拍賣並不適當者。 d. 撤銷委託或授權條款 (1)非經本公司事前書面同意，賣家不得撤回、中止或終止對於標的作品之委託或授予 本公司之權利。 (2)賣家依前項規定撤回、中止或終止拍賣品之委託或授與本公司之權利者，委託者除 應對本公司負損害賠償或經濟上損失賠償責任外，尚須支付委託底價之40%作為懲 罰性違約金付與本公司。 (3)如賣家有任何違約情事，本公司有權隨時終止委託事項，賣家須支付本公司所有之 前為履行委託或授權工作所產生之費用及開支。 7. 拍賣守則 a. 本公司將會參照底價進行拍賣品之拍賣程序。底價不得高於拍賣目錄所印登載估價之 下限，但如所同意之底價為港幣以外之貨幣，並因協定底價之日與成功拍賣之日上匯 率波動而致底價高於估價下限，則不在此限。在此情況下，除本公司另行同意外，底 價須為相等於以緊接成功拍賣前一個工作天之收市匯率計算之港幣款項。 b. 如競投價不能達到底價，本公司在任何情況均不負有任何責任，但本公司有權決定將 拍賣品以低於底價拍賣。如本公司如此將拍賣品拍賣，本公司將有責任向賣家支付成 交價與底價之差額。 c. 賣家不得以自己或第三人名義隨意哄抬競投價格，不得以自己或第三人名義參與競標 拍賣品，亦不得聘請任何人代賣家參與競投，惟本公司有權代理賣家參與競投。 8.成功拍賣後 a. 結算 成功拍賣後，本公司協助賣方要求買家最遲於成功拍賣日後7日內全數付款。在買家付 款後，除非本公司收到通知謂拍賣品為膺品，否則，本公司會於成功拍賣日期後60個 工作天，將一筆相等於成交價減去賣家應支付之所有費用之款額匯予賣家。如遇買家 延遲付款，則本公司將在買家付款後7個工作天內匯款予賣家。如因任何理由而使本公 司在買家付款前即已付款予賣家，則本公司即獲得拍賣品之完整之擁有權與所有權。 但在本公司因拍賣品為膺品而被迫向買家收回拍賣品下，賣家方須將已收取之拍賣收 益退還予本公司。 除賣家另有書面指示外，本公司將以港幣付款。如賣家要求以港幣以外之貨幣付款， 依拍賣現場由香港匯豐銀行公佈之匯率計算付款金額。

b.賣家支付每件拍賣品之手續費： (1)本公司之拍賣須至拍賣完成後買家實際付清所有款項予本公司時，視為交易完 成。 (2)當交易完成，賣家須依約定支付本公司手續費。 c. 買家不付款 如買家在成功拍賣日後起算7天內未支付應付之全部款項，本公司即有權代理賣家就 付款、貯存與保險而協定特別條款，並有權代理賣家採取本公司認為適當的任何步驟 以向買家收取其應付之款項，因而產生之相關費用及損害，概由賣家自行承擔。但本 公司並未承擔任何付款責任，亦無義務代理賣家採取任何行動(包括但不限於法律行 動)。但本公司將與賣家討論如何採取適當行動以向買家追討拍賣款額。 d. 膺品/贓物 如買家於付款領取拍賣品後之十日內，使本公司相信或懷疑拍賣品為膺品或贓物或 涉及任何不法情事者，本公司得自行決定無條件買家交付之拍賣落槌價(本公司得扣 處因此所致之相關處理費用)予買家時，而拍賣品將由本公司退回賣家或送交警方處 理，賣家不得異議或對本公司主張任何權利或請求，賣家並應於本公司通知後，於三 日內無條件退還其所得之全數金額予本公司，賣家並應於十日內付清相關基本支出費 用，及賠償本公司因此所致之所有損失、損害及相關費用等。逾期退還、給付者， 賣家應另外支付按不超過香港匯豐銀行最優惠利率加10%之年利率收取整筆欠款之利 息。此外本公司可同時按日收取依賣價（含佣金）1％計算之違約金。本公司亦得自 行選擇將賣家未付之款項，用以抵銷本公司或其他附屬公司在任何其他交易中欠下賣 家之款項，賣家絕無異議。 e. 未能成功拍賣之拍賣品 (1)任何拍賣品如未能成功拍賣，或不包括在拍賣之內，或因任何理由而撤回、中止 或終止拍賣，則在本公司發出通知予賣家要求賣家領回拍賣品後之35天內，賣家必 須領回拍賣品。 (2)任何此等拍賣品如在35天過期後仍未領回，本公司可向委託者徵收每天每件標的 作品參佰港元 (HK$300)貯存費，並收取額外費用以購買保險。賣家須在付清所有 未付費用後，方可領回拍賣品。 (3)此等拍賣品如在發出領回通知後之60天內仍未領回，則可被移往第三人之貨倉貯 存，開支費用由賣家承擔。 (4)任何此等拍賣品如在拍賣日期後或上述通知日期後之90天內（以較早之日期為 準）未被領回，則本公司可視乎是否合適而將該拍賣品處置。處置包括將拍賣品移 往第三人之貨倉而開支費由賣家承擔，以及將該拍賣品按本公司認為適當之條款 （包括有關估價與底價之條款）公開拍賣。本公司其後會將拍賣收益扣除所有欠款 後支付予賣家。 (5)任何拍賣品如在拍賣中收回或未能成功拍賣，則本公司有權代理賣家在拍賣後的 兩個月內作為賣家之獨家代理人，按賣家可收取之淨款額（即扣除賣家應付之一切 費用後之款額），私下出售拍賣品，或按本公司與賣家另行同意之較低價格私下出 售拍賣品。本公司得事前扣除所致之費用。在此情況下，賣家就該拍賣品而對本公 司所負有之責任、義務及付款條件等，與拍賣品成功拍賣時一樣。 9. 圖片與圖示 賣家同意本公司有權對拍賣品制作照片、圖示、錄像或其他形式的影像制品，此等照 片、圖示、錄像及影像制品之著作權及其他一切權利均屬本公司所有，且本公司有權以 任何本公司認為適合之方式使用之，賣家絕無異議。 10.稅制 a. 依香港稅法規定，拍賣品成交後委託者須提供報稅名單及相關資料，由本公司提報稅 捐單位。 b. 如果賣家為香港公司或香港居民，根據香港稅法，本公司毋須向賣家代扣香港利得 稅。如果本公司其後發現賣家之聲明及文件不實，本公司保留向賣家追討香港稅款及 其他相關費用（如利息、罰款及律師費等）的權利。 c. 若委託者非香港本地人士，委託者並同意本公司直接代扣落槌價或底價(如底價高於落 槌價)之0.5%，作為拍出後之利得稅，由本公司代為申報並繳交稅捐單位。由本公司 扣除的款項將隨著當時的稅率而調整。 四.買家與賣家均適用之條件 1. 智慧財產權 與拍賣品有關之一切影像、圖示與書面材料之相關智慧財產權(包括但不限於著作權、 專利等)，於任何時候均屬於本公司之財產及所有。未得本公司事先書面同意，賣家、 買家或任何人均不得使用。 2. 通知 a. 根據本業務規則發出之通知，均須以書面發出。如採用郵遞發出，則在付郵寄出後第 二個工作天，視為收件人已合法收受；如收件人在海外，則為付郵寄出後第五個工作 天，視為收件人已合法收受。 b. 本公司根據本業務規則、委託授權書或買家所提供之聯絡資料對賣家或買家發出之通 知，凡已依據委託授權書後附或買家所提供資料上所載的地址、電子郵件地址或傳真 號碼統稱「聯絡方式」)以書面發出該通知者，均視為該通知已有效發出。若賣家或 買家之聯絡方式有變更時，應立即以書面通知本公司。 3.可分割性 a. 如本業務規則有任何部份遭任何法院認定為無效、不合法或不可強制執行，則該部分 可不予理會，而本業務規則之其他條款仍繼續有效及可強制執行。 b. 本業務規則第二條買家條款項下之各條款，專屬適用本公司與買家間法律關係，賣家 不得主張適用。本業務規則第三條賣家條款項下之各條款，專屬適用於本公司與賣家 間法律關係，買家不得主張適用。 4.本業務規則同時存在中文及英文版本，如二版本內容有所歧異，應以中文版條文為準。 5. 本業務規則得隨時由本公司修改，買方及賣方均同意遵守修改後之業務規則。 6. 法律及管轄權 本業務規則受香港法律規範，本業務規則之解釋與效力均適用香港法律。賣家與買家須 服從香港法院之排他性管轄權。

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ABSENTEE BID FORM The absentee bid forms must be delivered to the Customer Service Department at least 24 hours before the auction begins. The bid forms may be faxed to: Tel: +852 2889 0859 Fax: +852 2889 0850 Bidder’s Details Name ID number Address

Auction

Date Sale No. Location Address

RAVENEL AUTUMN AUCTION 2013 HONG KONG Fine Jewels and Jadeite Tuesday, 26 Nov 2013, 5:30pm HJ1307 Grand Hyatt Hong Kong (Residence) 1 Harbour Road, Wanchai, Hong Kong

1. Interested parties must complete the registration procedures with valid personal identifications (i.e. Identification card, Passport, etc.).

The completion of a registration form and the payment of a security deposit are required.

2. In the event that the bidder chooses not to be present at the venue on the day of the auction, the bidder may place an absentee bid through means of a telephone, written or internet bid. A registration form must be completed and the security deposit transferred to Ravenel’s specified Bank account before the 20th November 2013. to obtain a paddle number for the purposes of placing a telephone/ written/internet bid(s).

Post code Tel Mobile Fax Email Signature (We must have your signature to execute this bid.)

It is requested hereby that Ravenel tenders the bid on my behalf for the following auction items within the bidding range described hereunder.

I understand that Ravenel provides such bid services for the convenience of customers and Ravenel shall not be held liable for any failure to execute a bid. If Ravenel receives more than one commission of the same bid price with regard to a particular auction item, priority will be given to the person whose bid is first received.

I understand that if my bid is successful, I shall pay the final hammer price together with the Buyer’s Premium and any applicable sales tax. The Buyer’s Premium shall be calculated as 20% of the final hammer price (not applicable to wines). For detail please refer to Articles 4a, c and d of the Transaction Rules to the Buyer. (4a. The Buyer’s Premium of Each Lot Payable by the Buyer: (1) The Buyer should pay the hammer price and, in addition, the Buyer’s Premium to the Company. For hammer price below HK$ 8,000,000 (inclusive), the Buyer’s Premium should be calculated at 20% of the hammer price.

(2) For hammer price higher than HK$ 8,000,000, total amount of the Buyer’s Premium should be that the first HK$ 8,000,000 of the hammer price should be calculated at 20% and the rest of the amount of the hammer price should be calculated at 12%.)

The bid shall be subject to the Transaction Rules prescribed in the catalogue. Please note especially the limited guarantee and exclusive warrantees that may be provided for certain items.

PLEASE PRINT LEGIBLY Auction item number (in numerical order)

Title

Bid price (HK$) (excluding buyer’s premium)

Interested buyers should provide Ravenel with their current bank and/or other relevant material to ensure all bids will be accepted and the delivery of the auction item will not be delayed, and authorize us to verity the provided informations with the bank. Kindly provide this information for processing in advance of the auction date.

Bank Reference Approval Name of the bank Address of the bank

Name of the account Account number Contact of the bank Tel. No.

Ravenel Auction Hong Kong Limited Unit 601-3, 50 Connaught Road Central, Hong Kong Tel: +852 2889 0859 Fax: +852 2889 0850 ravenel.com

委託競投表格 委託競投表格須於拍賣 24 小時前送抵客戶服務部。競投表格可傳真至： 電話：+852 2889 0859 傳真：+852 2889 0850 投標者資料 客戶編號 （如有） 姓名 身份證號碼 地址 郵碼 電話 傳真 簽名

拍 賣 名 稱： 羅芙奧香港 2013 秋季拍賣會 珍藏珠寶及翡翠首飾 拍 賣 編 號：HJ1307 香港拍賣日期：2013 年 11 月 26 日（星期二） 下午 5:30 香港君悅酒店（君寓）香港灣仔港灣道 1 號

1. 有意參與競投的買家需事前辦理登記申請手續：請出示 有效証件 ( 如：身份証明、護照…) 並填寫登記文件以及 繳納保証金。 2. 競投者如不能出席拍賣會，可通過電話／書面方式進行 競投。登記申請手續以及保証金之繳納亦需在 2013 年 11 月 20 日以前完成匯款至本公司指定帳號。以取得電 話／書面競標牌號。

行動電話 電郵

（本公司在取得閣下之簽名後方才接受競標）

茲請求羅芙奧就下列拍賣品於下列競投價範圍內投標。 本人亦明白，羅芙奧為方便顧客而提供代為投標的服務，羅芙奧不因怠於投標而負任何責任。倘羅芙奧就同一項拍賣品收到相同競價之委託，以 最先收到者優先辦理。 本人知悉如投標成功，本人應付之購買價款為最後之落槌價加上買家佣金（連同該最後落槌價及買家佣金之營業稅）買家佣金依最後落槌價乘以 佣金費率得之。詳見業務原則規定第 4 條 a,c,d 之規定。（4a. 買家支付每件拍品之買家佣金費率：（1）買家除支付落槌價外，另須支付買家佣金 予本公司，落槌價於港幣捌佰萬元以下者（含捌佰萬元）以 20％計算；（2）落槌價於港幣捌佰萬元以上者，採分二級計價，其中港幣捌佰萬元 以 20％計算，超過港幣捌佰萬元之部份以 12％計算；加總計算佣金金額。） 本競投，本人同意並遵守本目錄所載所有業務規則（特別是有限保證、不負其他瑕疵擔保等規定）。

請用正楷填寫清楚 拍賣品編號 （按數字順序）

名

稱

競投價（港元） （買家佣金不計在內）

為確保所有投標均得以接受及拍賣品之送交不延誤，有意買家應向羅芙奧提供往來銀行或其他適當之參考資料，並予以授權羅芙奧得向銀行查證。 該等資料應及時提供，以便在拍賣前著手處理。

銀行證明 銀行名稱 銀行地址 銀行帳戶名稱 銀行帳號 銀行聯絡者 銀行電話

羅芙奧香港拍賣有限公司 香港中環干諾道中50號六樓601-3室 Tel: +852 2889 0859 Fax: +852 2889 0850 ravenel.com