Phillips concluded its Hong Kong Jewels Auction on 30 March at its Asia headquarters in the West Kowloon Cultural District, achieving a total of approximately HK$42 million (US$5.4 million). The sale reflected steady demand across categories, with 72% of lots sold and 75% of total value realised. Notably, 70% of the pieces exceeded their pre-sale low estimates, indicating continued buyer confidence.
The auction drew participation from collectors across 17 countries and regions, with Mainland China and Hong Kong accounting for a significant share of activity. Buyers from these markets represented 62% of participants and contributed 71% of the total sale value, reinforcing Hong Kong’s position as a key global hub for jewellery auctions.
Signed jewels emerged as a standout category, achieving a complete sell-through, with more than half the pieces surpassing high estimates. Creations by houses such as Cartier and Bulgari performed particularly well.
Among the highlights, a 9.22-carat Colombian emerald and diamond ring led the sale, while coloured diamonds and jadeite pieces also saw strong interest. According to Phillips, the results point to sustained demand for rare gemstones and signed creations across Asian markets.