05 June 2021

Phillips Jewels and Jadeite Hong Kong Auction Achieves HK$53 Million/ US$6.8 Million with 76% Sold by Lot

 

 

Phillips Jewels and Jadeite Hong Kong Auction Achieves HK$53 Million/ US$6.8 Million with 76% Sold by Lot

 

A Significant 13% Growth from Last Spring

 

Unprecedented Participation with Bidding Across Over 20 Countries/ Regions, 76% Increase of Total Registrants from the Previous Year

 

 
 Graeme Thompson auctioneering lot 665, an exceptional diamond ring

 

Jewels and Jadeite: Hong Kong, 5 June 2021

 

Sale Total: HK$53,467,240 / US$6,891,927

 

Lots Sold: 126 | Lots Offered: 165

Sold by Lot: 76% | Sold by Value: 57%

 

Graeme Thompson, Worldwide Head of Jewellery, Phillips said: “This season’s result achieved a 13% increase in value on the Spring 2020 auction of Jewels and Jadeite. This sustained and steady growth demonstrates Phillips’ expanding presence in the region, with 83% of the lots selling to private collectors in Asia. Collectors' confidence in the middle market is stronger than ever, D colour Flawless diamonds and high-quality coloured stones were particularly sought after, such as rubies and Kashmir sapphires. We welcomed spirited bidding for our curated selection of exceptional coloured gemstones and diamonds, fine vintage and contemporary jewellery, with a 76% increase of total registrants and 65% increase of online bidders on the previous year. Strong prices were achieved for jewels by some of the world’s leading houses, notably Harry Winston, Cartier, Graff and Van Cleef & Arpels.”

 

 

Top Ten Lots

Lot

Description

Estimate

Price Achieved

665

An Exceptional Diamond Ring

HK$5,500,000 - 6,500,000

HK$7,510,000

US$968,039

664

An Important Diamond Ring

HK$3,500,000 - 4,500,000

HK$4,410,000
US$568,449

621

A Fine Sapphire and Diamond Ring

HK$2,500,000 - 3,500,000

HK$2,898,000
US$373,552

583

Sally Ryder, An Important Fancy Vivid Yellow Diamond and Diamond Ring

HK$2,300,000 - 3,300,000

HK$2,898,000
US$373,552

598

Cartier, A Superb Ruby and Diamond Ring

HK$1,600,000 - 2,000,000

HK$2,646,000

US$341,069

611

Harry Winston, An Exquisite Diamond 'Wreath' Bracelet, Circa 1980

HK$2,000,000 - 3,000,000

HK$2,394,000

US$308,587

591

A Fine Pair of Ruby and Diamond Earrings

HK$1,550,000 - 2,000,000

HK$2,142,000
US$276,104

653

An Impressive Ruby and Diamond Necklace

HK$900,000 - 1,500,000

HK$1,512,000
US$194,897

662

A Pair of Diamond Ear Studs

HK$1,100,000 - 2,100,000

HK$1,260,000
US$162,414

582

A Coloured Diamond and Diamond Ring

HK$900,000 - 1,500,000

HK$1,260,000
US$162,414

         

 

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

 

 

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