EXCEPTIONAL COLOURED STONES LEAD THE GENEVA JEWELS AUCTION: THREE

 

Benoît Repellin, Phillips’ Worldwide Head of Jewellery, said “We are pleased with the overall result of CHF 12.1 million / US$ 13.8 million achieved this afternoon. The Geneva Jewels Auction: THREE featured outstanding pieces, notably our star lot, the Exceptional Burmese ruby and diamond ring weighing 17.97 carats, which sold for CHF 4.8 million / US$ 5.4 million. We continued to build on the strong momentum of recent sales featuring exceptional coloured gemstones. Highlights included an Important Colombian emerald ring, set with a step-cut emerald weighing 20.49 carats with no indications of clarity modification which sold for CHF 1.3 million / US$ 1.5 million, as well as a Ceylon Sapphire and diamond ring weighing 9.00 carats, which sold for CHF 184,000 / US$ 210,000.

 

Other standout jewels included 'The Red Miracle,' a Rare Fancy Red diamond ring, set with a cut-cornered rectangular-cut fancy red diamond weighing 1.21 carats, which fetched CHF 980,000 / US$ 1.1 million, well above its high estimate.

 

Colourless diamonds had a strong showing, with 100% of all lots selling, including a Diamond ring set with a 7 carat marquise-shaped diamond, which sold for CHF 280,000 / US$ 317,000, over double its presale high estimate.

 

Pieces with remarkable provenance were highly sought-after, including a Natural pearl and diamond necklace, from a European noble family, which sold for over four times its presale low estimate, achieving CHF 267,000 / US$ 303,000. A Spinel and diamond necklace gifted by King George IV to his mistress the Marchioness Conygham, sold for CHF 41,000 / US$ 46,000, more than three times its presale low estimate, and a Coral and diamond bracelet by Marsh & Co, formerly in the collection of Margaret Roebling Perrine and later Fred Leighton, sold for over CHF 16,000 / US$ 19,000.

 

Finally, signed jewels continued to have a robust showing, featuring notable pieces by Cartier, Bulgari, Buccellati, Van Cleef & Arpels, and Jean Schlumberger for Tiffany & Co. among others.

 

Looking ahead, our Geneva Jewels Online Auction will continue until 15 November, and we look forward to our next live sale in New York, taking place on 13 December.”