Hong Kong, 30 March 2026 - Phillips concluded its Hong Kong Jewels Auction on 30 March at the company's Asia headquarters in the West Kowloon Cultural District, achieving a total of HK$41,936,610 (US$5,355,305), roughly HK$42 million or US$5.4 million. Of the 85 lots offered, 72 percent sold by lot and 75 percent by value, with 70 percent of the lots sold exceeding their pre-sale low estimates. Signed jewels proved the clear strength of the sale, achieving a 100 percent sell-through rate, while a magnificent 9.22-carat no-oil Colombian emerald and diamond ring led the evening at more than HK$5.4 million.
The auction attracted collectors from 17 countries and regions, competing for rare gemstones and signed creations. Participation from Mainland China and Hong Kong was particularly notable, with collectors from these two markets accounting for 62 percent of the total number of buyers and contributing 71 percent of the overall sale value. This strong representation reinforces the influence of Chinese collectors in the jewels market and highlights Hong Kong's role as a leading center for international jewels sales.
Diana Chang, Head of Sale, Hong Kong, Phillips Jewels, said the season's standout highlights included "a mesmerizing 4.05-carat fancy light pink diamond and diamond ring, which achieved over HK$3.3 million/ US$428,306, and a striking 20.04-carat fancy intense yellow diamond and diamond pendant necklace, sold for HK$2.83 million/ US$362,413." She noted that signed jewels "delivered exceptional results, achieving a 100% sell-through rate, with more than half surpassing their pre-sale high estimates," adding that "all Bulgari and Cartier lots soared above expectations, led by a Cartier 'Panthère' brooch that realised HK$2.19 million/ US$280,046." Reflecting on the top result, she said, "The sale was led by a magnificent 9.22-carat no-oil Colombian emerald and diamond ring, which realised for over HK$5.4 million/ US$691,879," and pointed to "strong participation from Greater China and Southeast Asia for Jadeite pieces, signaling renewed strength in the Jadeite market."
The leading lots
A 9.22-carat no-oil Colombian emerald and diamond ring anchored the sale, realizing HK$5,418,000 (US$691,879) against an estimate of HK$4,800,000 to HK$6,500,000. Colored diamonds followed closely. The 4.05-carat fancy light pink internally flawless diamond and diamond ring sold for HK$3,354,000 (US$428,306) over an estimate of HK$2,000,000 to HK$4,500,000, while a 20.04-carat fancy intense yellow diamond and diamond pendant necklace realized HK$2,838,000 (US$362,413), surpassing its estimate of HK$1,600,000 to HK$2,200,000. The House of Glenn Spiro natural pearl, seed pearl, diamond and icy jadeite necklace also stood out, bringing HK$3,225,000 (US$411,833).
Signed jewels and a renewed jadeite market
Signed creations sold through in full, with the houses of Cartier and Bulgari leading the category. The Cartier diamond, onyx and emerald brooch, Panthère (lot 588), realized HK$2,193,000 (US$280,046) against an estimate of HK$1,100,000 to HK$2,000,000. Bulgari was represented by a gem-set and diamond demi-parure of 1988 offered with a gem-set ring, Carré, which brought HK$1,806,000 (US$230,626) over an estimate of HK$500,000 to HK$900,000, and by a porcelain and gem-set bangle, Chandra, which reached HK$309,600 (US$39,536) against an estimate of HK$40,000 to HK$80,000, nearly four times its low estimate. Demand for Asian gemstones was equally evident: a 13.18-carat Burmese unheated sapphire and diamond ring realized HK$1,935,000 (US$247,100), and a pair of jadeite and diamond earrings sold for HK$1,548,000 (US$197,680), reflecting the renewed strength of the jadeite market.
Top lots
| Description | Estimate | Price achieved |
|---|---|---|
| 9.22-carat no-oil Colombian emerald and diamond ring | HK$4,800,000 to HK$6,500,000 | HK$5,418,000 (US$691,879) |
| 4.05-carat fancy light pink internally flawless diamond and diamond ring | HK$2,000,000 to HK$4,500,000 | HK$3,354,000 (US$428,306) |
| House of Glenn Spiro natural pearl, seed pearl, diamond and icy jadeite necklace | HK$2,400,000 to HK$6,000,000 | HK$3,225,000 (US$411,833) |
| 20.04-carat fancy intense yellow diamond and diamond pendant necklace | HK$1,600,000 to HK$2,200,000 | HK$2,838,000 (US$362,413) |
| Lot 588, Cartier diamond, onyx and emerald brooch, Panthère | HK$1,100,000 to HK$2,000,000 | HK$2,193,000 (US$280,046) |
| 13.18-carat Burmese unheated sapphire and diamond ring | HK$1,000,000 to HK$1,800,000 | HK$1,935,000 (US$247,100) |
| Bulgari gem-set and diamond demi-parure, 1988, and gem-set ring, Carré | HK$500,000 to HK$900,000 | HK$1,806,000 (US$230,626) |
| Pair of jadeite and diamond earrings | HK$1,350,000 to HK$1,800,000 | HK$1,548,000 (US$197,680) |
| Bulgari porcelain and gem-set bangle, Chandra | HK$40,000 to HK$80,000 | HK$309,600 (US$39,536) |
Hong Kong Jewels sales continued online with Hong Kong Jewels: Online Auction until 2pm HKT on 31 March. Phillips offers dedicated expertise across Modern and Contemporary Art, Design, Photographs, Editions, Watches, and Jewels, with auctions and exhibitions held primarily in New York, London, Geneva, and Hong Kong.
Estimates do not include the buyer's premium; prices achieved include the hammer price plus buyer's premium.
(Press Release)
