03 December 2021

Phillips Achieves a Record Year of Jewellery Auctions in Asia

 

 

Phillips Achieves a Record Year of Jewellery Auctions in Asia

 

This Season’s Hong Kong Sales Realised a Combined Total of HK$181.5 Million / US$23.3 Million

 

With Jewels & Jadeite and Sensational Jewels from a Prominent Middle Eastern Collector Achieving HK$146 Million / US$18.7 Million

 

Followed by Online Auction Treasures from Zambia: An Exceptional Emerald Collection Realising HK$35.5 Million / US$4.56 Million

 

 

 

 

Auctioneer Thomas Perazzi selling lot 596, An Exceptional 20.27 carats Diamond Ring, which sold for HK$15 million / US$204,864

 

Graeme Thompson, Worldwide Head of Jewellery, Phillips, said: “We are immensely pleased with these results, achieving the highest sell-through rates for Phillips Jewels in Asia and concluding 2021 as a record year for the category in Hong Kong. We are seeing significant growth season on season, with the two live auctions, Jewels & Jadeite and Sensational Jewels from a Prominent Middle Eastern Collector, far exceeding the pre-sale high estimates and achieving a combined total of HK$146 million / US$18.7 million, a 108% increase from the previous year. We welcomed our ever-growing community of collectors from across the globe, bidding in the room, over the phone and online. The number of online registrants doubled that of last season, with 30% of lots selling to online bidders. These results affirm Phillips’ expanding presence in the region and collectors' unwavering appetite for coloured gemstones, fine jewels, colourless and coloured diamonds.

 

The live auctions were immediately followed by the online sale, Treasures from Zambia: An Exceptional Emerald Collection, which realised HK$35.5 million / US$4.56 million. It was exciting to be the first house to curate a sale of ‘region specific’ coloured stones, with exquisite Zambian emeralds being our choice. The auction was led by an exceptional emerald and diamond pendant necklace, selling for HK$8.11 million/ US$1.04 million and setting a world auction record for the highest price for a Zambian emerald as well as a world record for the highest value coloured stone sold online. A world record was also achieved for the highest per carat price for a Zambian emerald sold at auction at US$24,334 per carat.”

 

 

Jewels & Jadeite and Sensational Jewels from a Prominent Middle Eastern Collector

Hong Kong, 27 November 2021

Sale Total: HK$145,995,700 / US$18,716,649

Lots Sold: 196 | Lots Offered: 218

Sold by Lot: 90% | Sold by Value: 93%

 

Top Ten Lots

Lot

Description

Estimate

Price Achieved

596

An Exceptional 20.27 carat, D/Flawless Diamond Ring

HK$14,000,000 - 18,000,000

HK$15,980,000

US$204,864

656

A 14.03 carat D/VVS1 Diamond Ring

HK$6,000,000 - 8,000,000 

HK$ 6,542,000

US$838,684

709

A 16.32 carat I/VVS1 Diamond Ring

HK$2,000,000 - 3,000,000 

HK$4,536,000

US$581,515

595

An Elegant Pair of D/IF Diamond Ear Studs, 5.01 and 5.09 carats respectively

HK$3,550,000 - 4,500,000

HK$4,284,000

US$549,209

657

A 10.74 carats Fancy Brown-Pink Diamond Ring

HK$2,800,000 - 3,800,000 

HK$ 3,906,000

US$500,749

712

A 24.33 carat, K/VS2 Diamond Ring

HK$1,200,000 - 1,600,000 

HK$ 3,780,000

US$484,596

717

A 7.07 carat D/Flawless Fine Diamond Ring

HK$3,200,000 - 4,800,000 

HK$ 3,780,000

US$484,596

593

Cartier, A 9.89 carats Fine Emerald and Diamond Ring, Circa 1960s

HK$1,800,000 - 2,800,000

HK$3,024,000

US$387,677

698

A 25.01 carat Fancy Yellow Diamond and Diamond Pendant Necklace

HK$2,400,000 - 3,400,000 

HK$3,024,000

US$387,677

697

A Pair of 10.80 and 13.03 carat Fancy Yellow Diamond and Diamond Earrings

HK$2,000,000 - 3,000,000 

HK$ 2,772,000

US$355,370

         

 

Please click here for images of the top ten.

 

 

Treasures from Zambia: An Exceptional Emerald Collection

Hong Kong, 23 November - 2 December 2021

Sale Total: HK$35,545,200 / US$4,560,449

 

Lots Sold: 46 | Lots Offered: 50

Sold by Lot: 92% | Sold by Value: 93%

 

Top Ten Lots

Lot

Description

Estimate

Price Achieved

2050

An Important and Rare 56.87 carat Emerald and Diamond Pendant Necklace

HK$6,500,000 - 8,500,000

 

HK$8,115,000

US$1,041,155

2023

A Pair of 19.98 and 20.85 carat Emerald and Diamond Earrings

HK$800,000 - 1,200,000

HK$1,638,000

US$210,155

2020

An 11.20 carat Emerald and Diamond Pendant Necklace/ Ring

HK$320,000 - 480,000

HK$1,638,000

US$210,155

2047

An 8.63 carat Emerald and Diamond Ring

HK$160,000 - 260,000

HK$1,638,000

US$210,155

2024

A 40.90 carat Emerald and Diamond Pendant Necklace

HK$1,200,000 - 1,600,000

HK$1,512,000

US $193,990

2027

A 34.61 carat Emerald and Diamond Necklace

HK$800,000 - 1,200,000

HK$1,512,000

US $193,990

2044

An Emerald and Diamond Pendant Necklace

HK$950,000 - 1,500,000

HK$1,512,000

US $193,990

2026

A 16.48 carat Emerald and Diamond Ring

HK$950,000 - 1,500,000

HK$1,386,000

US$177,824

2040

An Emerald and Diamond Necklace

HK$400,000 - 600,000

HK$1,260,000

US$161,658

2016

A Pair of Emerald and Diamond Earrings

HK$320,000 - 480,000

HK$1,071,000

US$137,409

 

Please click here for images of the top ten.

 

ABOUT PHILLIPS

Phillips is a leading global platform for buying and selling 20th and 21st century art and design. With dedicated expertise in the areas of 20th Century and Contemporary Art, Design, Photographs, Editions, Watches, and Jewelry, Phillips offers professional services and advice on all aspects of collecting. Auctions and exhibitions are held at salerooms in New York, London, Geneva, and Hong Kong, while clients are further served through representative offices based throughout Europe, the United States and Asia. Phillips also offers an online auction platform accessible anywhere in the world.  In addition to providing selling and buying opportunities through auction, Phillips brokers private sales and offers assistance with appraisals, valuations, and other financial services.

 

*Estimates do not include buyer’s premium. Prices Achieved include the buyer's premium and are reported net of applicable fees. 

 Phillips is not responsible for typographical errors or omissions.

 

PRESS CONTACTS:            

HONG KONG – Ingrid Hsu, Public Relations Director, Asia     [email protected]                        +852 2318 2043

 

 

PHILLIPS NEW YORK - 432 Park Avenue, New York, NY 10022

PHILLIPS LONDON - 30 Berkeley Square, London, W1J 6EX

PHILLIPS HONG KONG - 14/F St. George’s Building, 2 Ice House Street, Central Hong Kong

PHILLIPS GENEVA - Rue de la Confédération, 7 Geneva 1204

 

VISIT US AT:  www.phillips.com

 

FOLLOW US ON: Twitter | Instagram | Vimeo | Facebook | LinkedIn | Weibo| WeChat (use QR Code to right)