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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 Ingridhsu@phillips.com +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

03 December 2021

Phillips Achieves a Record Year of Jewellery Auctions in Asia