A 10-carat diamond ring was the top seller at a recent jewelry sale at Phillips in Hong Kong, bringing in HKD 4.6 million ($591,330).
The emerald-cut, D-color, internally flawless diamond ring sold within its presale estimate at the March 27 Hong Kong Jewels auction, Phillips said last week. In total, the event garnered HKD 50.1 million ($6.4 million), with 77% of lots finding buyers.
Participants from 33 countries took part in the sale, where 20% of the items presented surpassed their presale high estimates, according to Benoit Repellin, worldwide head of jewelry for Phillips, and Diana Chang, head of the sale. Total sales at the auction were up 55% year on year.
“This auction highlights the continued robust growth of our jewelry department in Hong Kong,” said Repellin and Chang. “The sale showcased the strong market demand for diamonds, sapphires, and emeralds, with these precious stones leading the top lots. Their exceptional performance underscores the enduring appeal and high value collectors place on these exquisite gems.”
Here are the rest of the top 10 items:
A pair of earrings, each set with a brilliant-cut, fancy-intense-yellow, internally flawless diamond, one weighing 6.49 carats and the other 6.10 carats, hanging from two round brilliant-cut, 0.50-carat, F-color, VS2-clarity diamonds, sold for HKD 4.3 million ($555,295), exceeding its HKD 4.3 million ($551,000) upper price tag. These earrings contain two pear-shaped diamonds, one a 5.01-carat, very-light-pink, VS1-clarity, and the other a 5-carat, faint-pink, VS2-clarity, both with a brilliant-cut diamond surround. They went under the hammer for HKD 3.6 million ($457,302), within their estimated range. Phillips also sold these earrings with oval sapphires weighing 9.87 and 8.59 carats, surrounded by pear- and marquise-shaped diamonds. They exceeded their HKD 3 million ($385,000) upper estimate to achieve HKD 3.3 million ($424,637). A bracelet containing 10 graduated step-cut Colombian emeralds weighing a total of 16.51 carats as well as emerald-cut diamonds was offered without reserve. The piece went for HKD 2.7 million ($342,976), within its presale estimate. These earrings featuring cushion-shaped Colombian emeralds weighing 13.18 and 13.14 carats are decorated with pear-shaped and oval diamonds. They fetched HKD 2 million ($261,315), within their estimated range. A ring with three step-cut Colombian emeralds weighing 3.52, 3.03 and 2.72 carats, surrounded by diamonds, achieved HKD 1.9 million ($244,983), just above its low price tag. A pair of earrings, each containing an oval-cut, 1-carat, fancy-pink diamond within a diamond surround, brought in HKD 1.8 million ($228,650), just shy of its lower estimate. Bearing a step-cut, 5.89-carat Colombian emerald between two trapezoid step-cut diamonds, this ring garnered HKD 1.8 million ($228,650), just above its bottom price point. This ring, set with an oval-shaped, 4.82-carat Colombian emerald flanked by two calf’s-head shaped diamonds, sold for HKD 1.5 million ($195,986), just surpassing its lower estimate.
