AUCTIONS – Phillips’ Hong Kong Jewels Auction realises HK$32 million/ US$4 million, with strong prices achieved for fancy colored diamonds and vintage signed pieces

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The Hong Kong Jewels Auction, Hong Kong, 28 March 2024 

Sale Total: HK$32,329,120/ US$4,131,661 

Lots Sold: 66 | Lots Offered:91

    Sold by Lot: 73% | Sold by Value: 76%

 

AUCTIONS – Phillips’ Hong Kong Jewels Auction realises HK$32 million/ US$4 million, with strong prices achieved for fancy colored diamonds and vintage signed pieces

Benoît Repellin, Worldwide Head of Jewellery, and Louisa Chan, Head of Sale, Hong Kong, Phillips Jewels, said: “The sale total for our Spring auction in Hong Kong increased by 20% over the previous season, demonstrating the resilience of the global demand for rare and important jewels across the board.

“Fancy colored diamonds commanded the sale, with a round brilliant-cut fancy vivid yellow diamond and diamond ring weighing 15.51 carats, leading the auction at HK$8.9 million/ US$1.13 million.

“Vintage signed pieces performed well, with Van Cleef & Arpels’ turquoise and diamond necklace accompanied by a certificate of authenticity from the House fetching HK$4.6 million/ US$584,302, exceeding its pre-sale high estimate by nearly four times.

“We saw notable demand for the finest Burmese rubies, emeralds and sapphires.

“We eagerly anticipate the upcoming Geneva Jewels Auction on 13 May, and look forward to welcoming Asian collectors to our previews in Taipei and Singapore in April.”