26 November 2019

 

 

SALE RESULTS

 

Phillips’ Jewels and Jadeite Sale Realises

HK$ 75 Million / US$ 9.6 Million

 

Sale Total: HK$ 75,322,250 / US$ 9,626,184

Hong Kong, 25 November 2019

Lots Sold: 108 | Lots Offered: 155

Sold by Lot: 70% | Sold by Value: 75%

 

 

 

 

 

Terry Chu, Head of Jewellery, Phillips Asia, said: “This auction of important Jewels and Jadeite saw collectors from around the world competing for top quality gemstones and signed jewels. The results prove that the market for such jewels continues to be robust. The sale was led by a spectacular jadeite bead and diamond necklace, which achieved HK$7,530,000. Signed jewels by top jewellery houses ignited confident bidding, including pieces by Cartier and the iconic ‘Zip’ Necklace by Van Cleef & Arpels, among others. Of particular note was the sale of a 7.09 carat Golconda diamond ring, by Cartier selling for HK$4,590,000 (US$586,602), nearly double the low estimate.”

 

Graeme Thompson, Worldwide Head of Jewellery, said: “After only three years of Phillips’ presence in the region, the strong sale percentage by lot and value demonstrates our sustained and steady growth in the current market. Followed by the success of the Jewels sale in New York this June, which saw a 33% increase since the last auction, and the significant results achieved in Hong Kong this season, we look forward to continuing the momentum in our upcoming Jewels sale in New York on 9 December.”

 

TOP TEN LOTS

Lot

Description

Estimate

Price Achieved

629

A very fine jadeite bead and diamond necklace

HK$8,500,000 - 11,000,000

HK$ 7,530,000

US$ 962,334

639

A 5.22 carat, unheated Pigeon’s Blood Burmese (Mogok) ruby and diamond ring

HK$5,900,000 - 8,000,000

HK$6,150,000

US$785,970

611

A 1.01 carat fancy vivid purplish pink diamond, a 1.02 carat fancy intense purplish pink diamond and diamond ring/ earrings

HK$5,800,000 - 6,800,000

HK$6,030,000

US$770,634

652

A 16.08 carat, fancy vivid yellow diamond and diamond ring

HK$4,500,000 - 5,500,000

HK$5,190,000

US$663,282

648

A 7.09 carat, D colour, internally flawless diamond ring, Cartier, circa 1987

HK$2,300,000 - 3,300,000

HK$4,590,000

US$586,602

656

An elegant and iconic lapis lazuli, sapphire and diamond 'Zip' necklace, Van Cleef & Arpels

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

HK$4,350,000

US$555,930

649

A 17.62 carat, unheated Royal Blue Burmese sapphire and diamond Ring

HK$3,200,000 - 4,000,000

HK$4,110,000

US$525,258

655

A 7.08 carat, D colour, internally flawless diamond ring, Van Cleef & Arpels

HK$2,900,000 - 3,500,000

HK$3,625,000

US$463,275

622

A 9.56 carat, unheated Royal Blue Burmese sapphire and diamond Ring

HK$1,800,000 - 2,200,000

HK$1,875,000

US$239,625

650

An unheated Pigeon’s Blood Burmese ruby and diamond necklace, total 22.98 carats

HK$1,600,000 - 2,200,000

HK$1,875,000

US$239,625

*Lot 639 sold immediately following the auction and is included in the sale results. 

 

Please click here for images of the Top Ten lots, along with saleroom photographs.

 

Permission for the use of any image is granted by the holder of the intellectual property rights for timely reporting and auction review purposes only. The underlying intellectual property rights in any property depicted remain the property of the rights holder. Phillips does not make any representations with respect to or accept any responsibility for any third party uses.

Image courtesy of Phillips.

 

###

 

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.

Visit www.phillips.com for further information.

 

*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, PR Director, Asia                                           IngridHsu@phillips.com            +852 2318 2043

 

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

PHILLIPS NEW YORK - 450 Park Avenue, New York, NY 10022

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

 

VISIT US AT:  www.phillips.com

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