Advanced Search

Phillips Garners $3.4M at Hong Kong Sale

Jun 26, 2022 9:14 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

 The recent Phillips Jewels and Jadeite auction in Hong Kong achieved $3.4 million, even as several top lots were left unsold.

The leading item was a necklace containing 45.02 carats of Burmese pigeon’s-blood rubies and diamonds, which fetched $385,258, within its estimate, Phillips said last week. A bracelet set with 21.47-carats of Colombian emeralds and diamonds took the second spot, bringing in $353,153, within its presale price range.

Other notable items included a bracelet featuring 17.08 carats of Burmese pigeon’s-blood rubies and diamonds, which went for $321,048, just above its lower estimate. Several colored diamonds also proved popular. A heart-shaped, 1.55-carat, fancy-intense-purplish-pink diamond ring sold for $176,576, while a cut-cornered rectangular modified brilliant-cut, 1.51-carat, fancy-deep-purple-pink diamond ring garnered $160,524. Both jewels were within their presale estimates.

Meanwhile, an unmounted oval-shaped, 20.30-carat, D-flawless diamond, estimated at up to $1.9 million, failed to find a buyer, as did a brilliant-cut, 9.43-carat, D-flawless diamond ring. That piece had a high estimate of $880,000. A set of pear-shaped, D-color, internally flawless diamond earrings weighing 5.02 and 5.03 carats, with a high presale price of $580,000, also remained unsold.

In total, Phillips sold 71% of items on offer, it added.

Image: The ruby and diamond necklace. (Phillips)
Tags: diamonds, Hong Kong, Jewelry, Jewels and Jadeite, Phillips, Rapaport News
Similar Articles
Rapaport LogoRapaport Weekly Market Comment
Aug 11, 2022
News: Diamond market cautious amid China slowdown and US economic uncertainty. Polished prices declining. Inventory
RJC Satta Matturi 140Jeweler Satta Matturi Joins RJC Board
Aug 04, 2022
The Responsible Jewellery Council (RJC) has appointed industry veteran Satta Matturi to its board of directors.Matturi,
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2022 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.