Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

$26.1 million jewelry auction sales in Geneva


Diamond

Wed 15 May 2024 | 08:46 PM
Waleed Farouk

Phillips achieved sales of approximately $26.1 million at the jewelry auction held on May 13 in Geneva.

Phillips sold a pink diamond for $12 million at its Geneva jewelry auction, The 6.21-carat, fancy-vivid-pink, VS1-clarity, diamond ring The total, which amounted to $1.9 million per carat

Benoit Repellin, worldwide head of jewelry for Phillips.said

“We are thrilled with the result…achieved today, building on the success of Phillips’s first jewels sale in Geneva last November,The auction…showcased outstanding pieces, notably the exceptional fancy-vivid-pink diamond ring…marking it the star lot of the season across Geneva auction houses. Another standout was the Amazon Queen,which sparked a 30-minute bidding war. We eagerly await our next jewels auction in New York, where we are excited to carry this momentum forward.”

Another item that performed well was the Argyle Phoenix, a 1.56-carat, fancy-red diamond ring. The piece $4.2 million, scored a record for overall price of a fancy-red diamond at auction, as well as per-carat price, sold for $2.7 million per carat to Graff.

Also among the top lots was a 280.84-carat emerald pendant known as the Amazon Queen, which fetched $3.1 million, and a fancy-intense-yellow and fancy-yellow diamond necklace by Harry Winston that fetched $840,410. Meanwhile, a ruby and diamond necklace went for $448,219.