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
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Sold by Lot: 70% | Sold by Value: 75%
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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
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Description
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Estimate
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Price Achieved
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629
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A very fine jadeite bead and diamond necklace
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HK$8,500,000 - 11,000,000
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HK$ 7,530,000
US$ 962,334
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639
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A 5.22 carat, unheated Pigeon’s Blood Burmese (Mogok) ruby and diamond ring
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HK$5,900,000 - 8,000,000
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HK$6,150,000
US$785,970
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611
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A 1.01 carat fancy vivid purplish pink diamond, a 1.02 carat fancy intense purplish pink diamond and diamond ring/ earrings
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HK$5,800,000 - 6,800,000
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HK$6,030,000
US$770,634
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652
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A 16.08 carat, fancy vivid yellow diamond and diamond ring
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HK$4,500,000 - 5,500,000
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HK$5,190,000
US$663,282
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648
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A 7.09 carat, D colour, internally flawless diamond ring, Cartier, circa 1987
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HK$2,300,000 - 3,300,000
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HK$4,590,000
US$586,602
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656
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An elegant and iconic lapis lazuli, sapphire and diamond 'Zip' necklace, Van Cleef & Arpels
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HK$3,500,000 - 4,500,000
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HK$4,350,000
US$555,930
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649
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A 17.62 carat, unheated Royal Blue Burmese sapphire and diamond Ring
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HK$3,200,000 - 4,000,000
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HK$4,110,000
US$525,258
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655
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A 7.08 carat, D colour, internally flawless diamond ring, Van Cleef & Arpels
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HK$2,900,000 - 3,500,000
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HK$3,625,000
US$463,275
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622
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A 9.56 carat, unheated Royal Blue Burmese sapphire and diamond Ring
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HK$1,800,000 - 2,200,000
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HK$1,875,000
US$239,625
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650
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An unheated Pigeon’s Blood Burmese ruby and diamond necklace, total 22.98 carats
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HK$1,600,000 - 2,200,000
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HK$1,875,000
US$239,625
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*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.
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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
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