Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Philips achieves $4.1 million from jewelry auction sales in Hong Kong

Gold Prices

Mon 01 Apr 2024 | 09:13 PM
Waleed Farouk

Phillips Auctions achieved about $4.1 million from the jewelry sales auction, held in Hong Kong, on March 28, where about 73% of the jewelry offered for sale was sold.

Benoît Repellin, worldwide head of jewelry for Phillips. Said :The sale total for our spring auction in Hong Kong increased by 20% over the previous season, demonstrating the resilience of the global demand for rare and important jewels across the board,Fancy colored diamonds commanded the sale, Vintage signed pieces also performed well, We also saw notable demand for the finest Burmese rubies, emeralds and sapphires.”

A yellow diamond ring was the star of the most recent jewelry sale at Phillips in Hong Kong, fetching $1.1 million, The round brilliant-cut, 15.51-carat, fancy-vivid-yellow, VS2-clarity diamond ring fell within its estimated range

Here are the rest of the top jewels at the sale:

This Van Cleef & Arpels necklace, created in 1985, is set with alternating brilliant-cut diamonds and round cabochon turquoises, supporting a fringe of pear-shaped cabochon turquoises. It realized $584,3.

A ring bearing a pear-shaped, 2.65-carat, fancy-intense-orangey-pink, VS1-clarity diamond brought in $373,3.

 this brilliant-cut, 5.53-carat, D-color, VVS1-clarity diamond ring sold for $243,5.

A bracelet with 12 cushion-shaped, oval and circular-cut Burmese rubies weighing approximately 24.59 carats in total, as well as kite-shaped diamonds, went for $194,8.