AUCTION – Phillips jewels and jadeite Hong Kong auction achieves HK$60.4 Million/ US$7.73 million with 92% sold by value and 87% sold by lot

0
28

A Significant 125% Growth from Last Season

Unprecedented Participation with Bidding Across 40 Countries/ Regions

Phillips’ Jewels and Jadeite results rose by 125 percent compared to the previous season, underpinned by strong demand for exceptional natural diamonds.

The sale in Hong Kong on November 27 drew wide participation and intense bidding by collectors from across 40 countries/regions, resulting in high sell through rates of 92% by value and 87% by lot.

Phillips jewels & jadeite

“The results prove that the market for colourless and coloured diamonds continue to be robust and particularly sought after,” said Benoît Repellin, Worldwide Head of Jewellery, Phillips.

“The sale was led by a 26.12 carat D-Flawless (Type IIa) diamond, which fetched HK$19.6 million/ US$2.5 million. In addition, a 2.04 carat fancy intense pink diamond ring ignited intense bidding with 27 bidders and eventually sold for HK$7.1 million/ US$914,816, 3.5 times above its pre-sale high estimate.

“The sale also seen an unprecedented level of online bidding activity, with 78% of total participants participating in the sale online.

Phillips invites you to browse its Jewels: Online Auction which will run until 1pm HKT on 1 December and offers something for those beginning their collecting journeys and seasoned collectors alike.

“We also look forward to continuing this strong momentum in New York’s Jewels Auction on 13 December,” Phillips said.