Sotheby’s, one of the largest auction houses in the world, is expected to sell a rare grey pearl strand for a staggering $7 million. The rare single-strand of pearl is expected to go under the hammer in October.
Called the Cowdray pearl necklace, it is a rare grey pearl and has been strung and mounted by Cartier. The Cowdray pearl necklace contains 42 natural and rare grey saltwater pearls, all of which match in luster, size and shape. The strand had first appeared at a Sotheby’s auction in 1937 and had belonged to English noble ViscountessCowdray Lady Pearson. Lady Pearson was a renowned jewelry connoisseur and collector.
Sotheby’s said that the grey pearl strand is one of the rarest and most important types of pearls ever seen in any auction. The auction house also revealed that the color of the pearls varies between different shades of brown and grey, and even has overtones of purple, green and rose.
The pearl strand is to be accompanied by a pair of similar earrings that have also been mounted by Cartier London. The auction, called the Magnificent Jewels and Jadeite Fall Sale is to take place at Hong Kong’s Convention and Exhibition Center on October 7. Before Hong Kong, the pearl strand will be displayed at Singapore, Taipei, London, New York, the Middle East and Geneva.