Wednesday 21 June 2023

Lot 438

A rare Melo melo pearl and diamond ring, the pearl weighing 18.58 carats, approximate dimensions...

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Lot 438

A rare Melo melo pearl and diamond ring, the pearl weighing 18.58 carats, approximate dimensions...

Price Realised: Unsold Lot

Estimate: £20,000 - £30,000

Price realised is hammer price plus fees (30% Buyers Premium inclusive of VAT).

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Lot 438


A rare Melo melo pearl and diamond ring, the pearl weighing 18.58 carats, approximate dimensions 13.53 x 13.43 x 13.61mm, within four claw-set brilliant-cut diamond double row border and pear-cut diamond three stone shoulders, the hoop stamped Giovane, Italy, 750, ring size M

Accompanied by report number 5783-1710 from the Gemmological Certification Services, GCS, London, dated 24th February 2023, stating the pearl to be natural non nacreous pearl, saltwater, Volutidae - Melo melo, no indications of treatment, light orange, with flame structure

Melo melo pearls are believed to be the rarest in the world. Sometimes referred to as Dragon Pearls, they originate from a marine species known as Volutidae and come from the Melo snail or Indian volute. The pearls take decades to form and are composed not of nacre but calcite and aragonite which produces its characteristic flame effect and porcelain like appearance. The large Melo molluscs are not common and only one in several thousand might contain a pearl. The Melo snail can be found in the South China sea, Thailand, Myanmar, Cambodia, Burma and Vietnam. Melo pearls cannot be cultured.

Buyer's Premium

The buyer shall pay the hammer price together with a premium thereon of 26% up to £20,000 (31.2% inclusive of VAT), 25% from £20,001 - £500,000 (30% inclusive of VAT), 20% from £500,001 thereafter (24% inclusive of VAT). The premium price is subject to VAT at the standard rate.

VAT is not charged on the hammer price unless it is stated that there is 'VAT applicable on the hammer price at the end of the description. Buyer's premium is subject to VAT.

Qualifying living artists and the descendants of artists deceased within the last 70 years are entitled to receive a re-sale royalty each time their work is bought through an auction house or art market professional.

It applies to lots with hammer value over £1,000 as follows:
0 to £50,000 - 4%
£50,000.01 to £200,000 - 3%
£200,000.01 to £350,000 - 1%
£350,000.01 to £500,000 - 0.5%
Exceeding £500,000 - 0.25%
ARR is capped at £12,500

Please note ARR is calculated in euros. Auctioneers will apply current exchange rates.

Export of goods

Buyers intending to export goods should ascertain whether an export licence is required before bidding. Export licences are issued by Arts Council England and application forms can be obtained from its Export Licensing Unit. Details can be found on the ACE website or by phoning ACE on 020 7973 5188. The need for import licences varies from country to country and you should acquaint yourself with all relevant local requirements and provisions before bidding. The refusal of any such licences shall not permit the cancelling of any sale nor allow any delay in making full payment for the lot.

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