EMERALDS AND RUBIES LEAD PHILLIPS’ HONG KONG JEWELS AUCTION ON 30 SEPTEMBER, WITH STRONG RESULTS FOR JADEITE, DIAMONDS, AND SIGNED PIECES
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Auctioneer Benoît Repellin selling lot 567, Colombian No Oil Emerald and Diamond Bracelet |
HONG KONG – 30 September 2025 – Phillips concluded its Hong Kong Jewels Auction on 30 September at the company’s Asia headquarters in the West Kowloon Cultural District. The sale achieved a total of HK$42.23 million/ US$5.42 million, with 71% of the 95 lots sold (Sale Total: HK$42,234,600/ US$5,427,146). Nearly half of the lots offered benefited from Priority Bidding—Phillips’ first-of-its-kind Buyer’s Premium structure, which rewards early participation with lower rates.
Benoît Repellin, Worldwide Head of Jewellery, and Diana Chang, Head of Sale, Hong Kong, Phillips Jewels, said, “This season’s results reaffirm the strong demand for exceptional coloured gemstones, with emeralds and rubies leading the top lots. Collectors continue to pursue these treasures with enthusiasm, underscoring their enduring value and rarity. Strong results were achieved for diamonds and coloured diamonds, with 82% of the lots sold. Jadeite once again performed impressively in our Hong Kong auctions, continuing the trend from previous seasons, achieving a 92% sell-through rate and many lots surpassing their pre-sale estimates. The sale further highlighted robust market demand for signed pieces, with 90% of the lots offered finding buyers. Cindy Chao’s ‘Ribbon Collection’ and iconic creations by Cartier, Piaget, Tiffany & Co., and Harry Winston all performed strongly. We look forward to welcoming collectors and enthusiasts to participate in the ongoing Hong Kong Jewels Online Auction and the upcoming Geneva Jewels Auction in November, which will feature ‘The Vanderbilt Family Jewels,’ an extraordinary collection of Belle Époque treasures.”
Auction Highlights:
Coveted green treasures, emeralds and jadeite, lead the sale
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Colombian No Oil Emerald and Diamond Bracelet, emeralds totalling 16.09 carats Estimate: HK$3,200,000–4,000,000/ US$410,000–513,000
Sold for: HK$3,160,500/US$406,124 |
7.15-carat Colombian No Oil ‘Muzo’ Emerald and Diamond Ring Estimate: HK$1,800,000–2,400,000/ US$231,000–308,000
Sold for: HK$2,322,000/ US$298,377 |
Jadeite and Diamond Ring Estimate: HK$1,800,000–2,400,000/US$231,000–310,000
Sold for: HK$2,064,000/ US$265,224 |
Unheated Burmese rubies lead the top lots
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Burmese Unheated Ruby and Diamond Necklace, rubies weighing approximately 60.00 carats Estimate: HK$2,600,000–4,000,000/ US$333,000–513,000
Sold for: HK$2,193,000/ US$281,801 |
Burmese Unheated Ruby and Diamond Bracelet, rubies weighing approximately 51.86 carats Estimate: HK$1,700,000 - 2,200,000/ US$218,000 - 282,000
Sold for: HK$2,193,000/ US$281,801 |
2.10 and 2.05-carat Burmese Unheated ‘Pigeon Blood’ Ruby and Diamond Earrings Estimate: HK$1,600,000–2,000,000 US$205,000–256,000
Sold for: HK$2,193,000/US$281,801 |
Robust market demand for signed pieces
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Harry Winston 5.10-carat D/VS1 Diamond Ring Estimate: HK$1,100,000–2,100,000/US$141,000–270,000
Sold for: HK$1,419,000/ US$191,594 |
Cartier 20.09-carat Burmese Unheated Sapphire and Diamond Ring Estimate: HK$1,300,000–1,900,000/ US$167,000–244,000
Sold for: HK$1,677,000/US$215,495 |
Cindy Chao Diamond Bangle, 'Ribbon Collection' Estimate: HK$650,000–1,200,000/ US$83,000–154,000
Sold for: HK$877,200/US$112,720
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Cindy Chao Pair of Diamond Ear Pendants, 'Ribbon Collection' Estimate: HK$650,000 - 1,200,000/ US$83,000 - 154,000
Sold for: HK$877,200/US$112,720
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Exchange rate on 30 September 2025: HK$1 = US$0.1285
