Treasures from Zambia: An Exceptional Emerald Collection

$4.25m in total, buyer’s premium included

44 of 50 lots sold

The sale on phillips.com ↗︎

Top lots per carat 12 lots · the highest prices per carat of the sale

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$24,352per carat Lot 2047 An emerald and diamond ring 8.63 ct · Zambia · No oil ×6.3 high estimate Estimate USD 21k – 33k USD 210,155$24,352 per carat $20,040per carat Lot 2044 An emerald and diamond pendant necklace 9.68 ct · Insignificant oil ×1.0 high estimate Estimate USD 122k – 192k USD 193,990$20,040 per carat $18,308per carat Lot 2050 Important and rare emerald and diamond pendant necklace 56.87 ct · Zambia · No oil ×1.0 high estimate Estimate USD 834k – 1.09m USD 1,041,155$18,308 per carat $13,918per carat Lot 2005 A diamond and emerald ring 3.02 ct · I colour · VS1 ×2.7 high estimate Estimate USD 10k – 15k USD 42,031$13,918 per carat $10,790per carat Lot 2026 An emerald and diamond ring 16.48 ct · Zambia · No oil ×0.9 high estimate Estimate USD 122k – 192k USD 177,824$10,790 per carat $9,563per carat Lot 2009 An emerald and diamond ring 7.10 ct · Zambia · No oil ×1.5 high estimate Estimate USD 32k – 45k USD 67,896$9,563 per carat $8,915per carat Lot 2011 An emerald and coloured diamond ring 2.72 ct · Zambia · Minor oil ×0.9 high estimate Estimate USD 15k – 28k USD 24,249$8,915 per carat $5,686per carat Lot 2043 An emerald and diamond ring 11.94 ct · Zambia · No oil ×0.9 high estimate Estimate USD 51k – 77k USD 67,896$5,686 per carat $5,605per carat Lot 2027 An emerald and diamond necklace 34.61 ct · Zambia · Insignificant oil ×1.3 high estimate Estimate USD 103k – 154k USD 193,990$5,605 per carat $5,565per carat Lot 2012 An emerald and diamond ring 5.81 ct · Zambia · Insignificant oil ×2.1 high estimate Estimate USD 10k – 15k USD 32,332$5,565 per carat $5,126per carat Lot 2001 An emerald and diamond ring 4.10 ct · Zambia · Minor oil ×1.9 high estimate Estimate USD 8k – 11k USD 21,016$5,126 per carat $4,903per carat Lot 2006 An emerald and diamond ring 11.54 ct · Zambia · No oil ×2.5 high estimate Estimate USD 15k – 23k USD 56,580$4,903 per carat

Emeralds 37 lots

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AllZambia 34Origin not reported 3

$24,352per carat Lot 2047 An emerald and diamond ring 8.63 ct · Zambia · No oil ×6.3 high estimate Estimate USD 21k – 33k USD 210,155$24,352 per carat $18,308per carat Lot 2050 Important and rare emerald and diamond pendant necklace 56.87 ct · Zambia · No oil ×1.0 high estimate Estimate USD 834k – 1.09m USD 1,041,155$18,308 per carat $10,790per carat Lot 2026 An emerald and diamond ring 16.48 ct · Zambia · No oil ×0.9 high estimate Estimate USD 122k – 192k USD 177,824$10,790 per carat $9,563per carat Lot 2009 An emerald and diamond ring 7.10 ct · Zambia · No oil ×1.5 high estimate Estimate USD 32k – 45k USD 67,896$9,563 per carat $8,915per carat Lot 2011 An emerald and coloured diamond ring 2.72 ct · Zambia · Minor oil ×0.9 high estimate Estimate USD 15k – 28k USD 24,249$8,915 per carat $5,686per carat Lot 2043 An emerald and diamond ring 11.94 ct · Zambia · No oil ×0.9 high estimate Estimate USD 51k – 77k USD 67,896$5,686 per carat $5,605per carat Lot 2027 An emerald and diamond necklace 34.61 ct · Zambia · Insignificant oil ×1.3 high estimate Estimate USD 103k – 154k USD 193,990$5,605 per carat $5,565per carat Lot 2012 An emerald and diamond ring 5.81 ct · Zambia · Insignificant oil ×2.1 high estimate Estimate USD 10k – 15k USD 32,332$5,565 per carat $5,126per carat Lot 2001 An emerald and diamond ring 4.10 ct · Zambia · Minor oil ×1.9 high estimate Estimate USD 8k – 11k USD 21,016$5,126 per carat $4,903per carat Lot 2006 An emerald and diamond ring 11.54 ct · Zambia · No oil ×2.5 high estimate Estimate USD 15k – 23k USD 56,580$4,903 per carat $4,549per carat Lot 2013 An emerald and diamond ring 10.66 ct · Zambia · Insignificant oil ×1.1 high estimate Estimate USD 32k – 45k USD 48,497$4,549 per carat $4,474per carat Lot 2048 An emerald and diamond ring 7.95 ct · Zambia · No oil ×1.1 high estimate Estimate USD 21k – 33k USD 35,565$4,474 per carat $3,487per carat Lot 2037 An emerald and diamond ring 5.10 ct · Zambia · Minor oil ×1.7 high estimate Estimate USD 6k – 10k USD 17,782$3,487 per carat $3,159per carat Lot 2015 Fine emerald and diamond ring 24.56 ct · Zambia · Minor oil ×1.3 high estimate Estimate USD 41k – 62k USD 77,596$3,159 per carat $2,967per carat Lot 2010 An emerald and diamond ring 19.07 ct · Zambia · No oil ×1.5 high estimate Estimate USD 26k – 38k USD 56,580$2,967 per carat $2,887per carat Lot 2030 An emerald and diamond ring 5.32 ct · Zambia · Minor to moderate oil ×1.4 high estimate Estimate USD 8k – 11k USD 15,358$2,887 per carat $2,887per carat Lot 2002 An emerald and diamond ring 4.76 ct · Zambia ×0.9 high estimate Estimate USD 10k – 15k USD 13,741$2,887 per carat $2,879per carat Lot 2017 An emerald and diamond ring 7.30 ct · Zambia · Minor oil ×2.4 high estimate Estimate USD 6k – 9k USD 21,016$2,879 per carat $2,855per carat Lot 2007 An emerald and diamond ring 3.68 ct · Zambia · Minor oil ×1.0 high estimate Estimate USD 6k – 10k USD 10,508$2,855 per carat $2,474per carat Lot 2004 An emerald and diamond ring 3.92 ct · Zambia · Minor oil ×1.3 high estimate Estimate USD 5k – 8k USD 9,699$2,474 per carat $1,958per carat Lot 2036 An emerald and diamond pendant necklace 45.40 ct · Zambia · Minor oil ×1.4 high estimate Estimate USD 41k – 62k USD 88,912$1,958 per carat $1,946per carat Lot 2035 An emerald and diamond ring 31.56 ct · Zambia · Insignificant oil ×1.7 high estimate Estimate USD 26k – 36k USD 61,430$1,946 per carat $1,870per carat Lot 2018 An emerald and diamond ring 5.62 ct · Zambia · Minor oil ×0.7 high estimate Estimate USD 10k – 15k USD 10,508$1,870 per carat $210,155price paid Lot 2023 Pair of emerald and diamond earrings Zambia · Minor oil ×1.4 high estimate Estimate USD 103k – 154k USD 210,155 $137,409price paid Lot 2016 Pair of emerald and diamond earrings Zambia · Insignificant oil ×2.2 high estimate Estimate USD 41k – 62k USD 137,409 $113,161price paid Lot 2025 Pair of emerald and diamond earrings Zambia ×1.3 high estimate Estimate USD 62k – 87k USD 113,161 $105,078price paid Lot 2014 Pair of emerald and diamond earrings Zambia · Minor oil ×1.3 high estimate Estimate USD 58k – 83k USD 105,078 $51,731price paid Lot 2034 Pair of emerald and diamond earrings Zambia · Minor oil ×1.4 high estimate Estimate USD 26k – 36k USD 51,731 $13,741price paid Lot 2003 Pair of emerald and diamond earrings Zambia · Minor oil ×1.3 high estimate Estimate USD 8k – 11k USD 13,741 Lot 2024 An emerald and diamond pendant necklace 40.90 ct · Zambia · Minor oil Estimate USD 154k – 205k Not sold Lot 2033 An emerald and diamond pendant necklace 22.07 ct · Zambia · Minor to moderate oil Estimate USD 122k – 192k Not sold Lot 2045 An emerald and diamond ring 17.85 ct · Zambia · Minor oil Estimate USD 62k – 87k Not sold Lot 2046 Pair of emerald and diamond earrings Zambia · Minor oil Estimate USD 62k – 87k Not sold Lot 2049 An emerald and diamond ring 26.12 ct · Zambia · Minor to moderate oil Estimate USD 62k – 87k Not sold $20,040per carat Lot 2044 An emerald and diamond pendant necklace 9.68 ct · Insignificant oil ×1.0 high estimate Estimate USD 122k – 192k USD 193,990$20,040 per carat $56,580price paid Lot 2022 Pair of emerald and diamond earrings ×0.7 high estimate Estimate USD 51k – 77k USD 56,580 $24,249price paid Lot 2039 Pair of emerald and diamond earrings Minor oil ×1.9 high estimate Estimate USD 10k – 13k USD 24,249

Other jewels 12 lots

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$210,155price paid Lot 2020 An emerald and diamond pendant necklace/ ring ×3.4 high estimate Estimate USD 41k – 62k USD 210,155 $161,658price paid Lot 2040 An emerald and diamond necklace Minor to moderate oil ×2.1 high estimate Estimate USD 51k – 77k USD 161,658 $121,244price paid Lot 2021 An emerald and diamond bangle Zambia · Minor oil ×1.4 high estimate Estimate USD 62k – 87k USD 121,244 $105,078price paid Lot 2019 Pair of emerald and diamond earrings Zambia · Minor oil ×1.1 high estimate Estimate USD 67k – 92k USD 105,078 $88,912price paid Lot 2042 An emerald and diamond bracelet Minor oil ×1.2 high estimate Estimate USD 51k – 77k USD 88,912 $64,663price paid Lot 2038 An emerald and diamond bracelet Minor oil ×1.8 high estimate Estimate USD 26k – 36k USD 64,663 $56,580price paid Lot 2029 An emerald and diamond bracelet No oil ×1.3 high estimate Estimate USD 32k – 45k USD 56,580 $56,580price paid Lot 2032 Pair of emerald and diamond earrings Minor oil ×2.8 high estimate Estimate USD 15k – 21k USD 56,580 $38,798price paid Lot 2041 Pair of emerald and diamond earrings Minor oil ×1.9 high estimate Estimate USD 15k – 21k USD 38,798 $24,249price paid Lot 2028 Pair of emerald and diamond earrings Zambia · Minor oil ×0.9 high estimate Estimate USD 15k – 28k USD 24,249 $8,891price paid Lot 2008 Pair of emerald and diamond earrings Zambia · Minor oil ×0.8 high estimate Estimate USD 8k – 11k USD 8,891 Lot 2031 An emerald and diamond necklace No oil Estimate USD 83k – 109k Not sold

Prices are the prices paid, buyer’s premium included, as Phillips publishes them; prices per carat and comparisons with the estimates use them too (Phillips estimates do not include the premium). Prices in USD at the ECB rate of 23 November 2021. Photographs © Phillips 2021.

Stones seen before

3 lots of this sale have been offered at auction before: the same stone, found by its laboratory report and weight. Resales

Lot 2024

An emerald and diamond pendant necklace

40.90 ct · Zambia · Gübelin 16021005

1. May 2024Phillips Geneva · lot 417est. $121,363–182,045$175,149

Lot 2033

An emerald and diamond pendant necklace

22.07 ct · Zambia · GRS GRS2021108009

1. Nov 2022Phillips Hong Kong · lot 594est. $30,720–51,200$106,445

Lot 2045

An emerald and diamond ring

17.85 ct · Zambia · Gübelin 15025321

1. Dec 2022Phillips New York · lot 121est. $15,000–25,000$50,400