Press | Phillips

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 Ingridhsu@phillips.com +852 2318 2043

PHILLIPS NEW YORK - 450 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

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VISIT US AT: www.phillips.com

05 June 2021

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