The Hong Kong Jewels Auction

$3.43m in total, buyer’s premium included

72 of 95 lots sold

The sale on phillips.com ↗︎

Top lots per carat 9 lots · the highest prices per carat of the sale

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$577,079per carat Lot 579 Fancy intense blue diamond ring 1.63 ct · Fancy Intense Blue · VS1 ×0.8 high estimate Estimate USD 797k – 1.20m USD 940,638$577,079 per carat $77,942per carat Lot 539 Fancy orangy pink diamond and diamond ring 5.41 ct · Fancy Orangy Pink · VS1 ×0.8 high estimate Estimate USD 249k – 498k USD 421,665$77,942 per carat $60,178per carat Lot 577 Sapphire and diamond ring 5.39 ct · Kashmir · No heat ×0.9 high estimate Estimate USD 243k – 358k USD 324,358$60,178 per carat $19,242per carat Lot 570 Emerald and diamond ring 2.95 ct · Colombia · No oil ×0.9 high estimate Estimate USD 49k – 61k USD 56,763$19,242 per carat $12,163per carat Lot 595 Diamond brooch 5.60 ct · I · VVS2 ×0.8 high estimate Estimate USD 51k – 83k USD 68,115$12,163 per carat $4,941per carat Lot 556 Diamond ring 5.58 ct · T · VS1 ×1.1 high estimate Estimate USD 15k – 26k USD 27,570$4,941 per carat $4,568per carat Lot 522 Emerald and diamond ring 2.84 ct · Zambia · No oil ×1.1 high estimate Estimate USD 8k – 12k USD 12,974$4,568 per carat $4,196per carat Lot 528 Fancy yellow diamond and diamond ring 2.01 ct · Fancy Yellow · VS2 ×0.7 high estimate Estimate USD 8k – 12k USD 8,433$4,196 per carat $2,054per carat Lot 531 Diamond brooch 3.00 ct · J · SI2 ×0.3 high estimate Estimate USD 10k – 20k USD 6,163$2,054 per carat

Sapphires 4 lots

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AllKashmir 1Ceylon 1Burma 2

$60,178per carat Lot 577 Sapphire and diamond ring 5.39 ct · Kashmir · No heat ×0.9 high estimate Estimate USD 243k – 358k USD 324,358$60,178 per carat $21,083price paid Lot 541 Sapphire and diamond ring 10.68 ct · Ceylon · No heat ×0.7 high estimate Estimate USD 20k – 31k USD 21,083 Lot 546 Sapphire and diamond ring 22.15 ct · Burma · No heat Estimate USD 383k – 511k Not sold Lot 588 Sapphire and diamond ring, alexander laut 23.78 ct · Burma · No heat Estimate USD 109k – 153k Not sold

Rubies 7 lots

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Burma

$17,840price paid Lot 584 Ruby and diamond ring 2.03 ct · Burma · No heat ×0.6 high estimate Estimate USD 20k – 32k USD 17,840 $14,596price paid Lot 507 Ruby and diamond ring 6.21 ct · Burma · No heat ×0.6 high estimate Estimate USD 18k – 26k USD 14,596 $6,812price paid Lot 509 Ruby and diamond ring 0.92 ct · Burma · No heat ×0.9 high estimate Estimate USD 5k – 8k USD 6,812 $4,865price paid Lot 568 Ruby and diamond ring, alexander laut 3.50 ct · Burma · No heat ×0.2 high estimate Estimate USD 10k – 20k USD 4,865 Lot 552 Ruby and diamond ring 4.00 ct · Burma · No heat Estimate USD 319k – 447k Not sold Lot 565 Pair of ruby and diamond ear pendants Burma · No heat Estimate USD 217k – 319k Not sold Lot 545 Ruby, sapphire, tsavorite garnet and diamond ring, alexander laut 5.65 ct · Burma · No heat Estimate USD 70k – 96k Not sold

Emeralds 10 lots

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AllColombia 7Zambia 2Origin not reported 1

$19,242per carat Lot 570 Emerald and diamond ring 2.95 ct · Colombia · No oil ×0.9 high estimate Estimate USD 49k – 61k USD 56,763$19,242 per carat $38,923price paid Lot 590 Emerald and diamond ring 14.83 ct · Colombia · Minor oil ×0.8 high estimate Estimate USD 31k – 51k USD 38,923 $38,923price paid Lot 586 Emerald and diamond ring 18.06 ct · Colombia · Minor oil ×1.0 high estimate Estimate USD 26k – 38k USD 38,923 $21,083price paid Lot 535 Emerald, ruby and diamond ring 6.55 ct · Colombia · Minor oil ×0.7 high estimate Estimate USD 20k – 31k USD 21,083 $21,083price paid Lot 553 Emerald and diamond ring 4.89 ct · Colombia · Moderate oil ×0.9 high estimate Estimate USD 19k – 23k USD 21,083 Lot 563 Pair of emerald and diamond earrings Colombia · Minor oil Estimate USD 83k – 166k Not sold Lot 548 Emerald and diamond ring 5.51 ct · Colombia · Insignificant oil Estimate USD 13k – 19k Not sold $4,568per carat Lot 522 Emerald and diamond ring 2.84 ct · Zambia · No oil ×1.1 high estimate Estimate USD 8k – 12k USD 12,974$4,568 per carat $29,192price paid Lot 542 Emerald and diamond ring/ pendant 8.66 ct · Zambia · Minor oil ×0.7 high estimate Estimate USD 20k – 41k USD 29,192 Lot 583 Emerald and diamond ring 8.79 ct · Minor oil Estimate USD 20k – 32k Not sold

Coloured diamonds 4 lots

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$577,079per carat Lot 579 Fancy intense blue diamond ring 1.63 ct · Fancy Intense Blue · VS1 ×0.8 high estimate Estimate USD 797k – 1.20m USD 940,638$577,079 per carat $77,942per carat Lot 539 Fancy orangy pink diamond and diamond ring 5.41 ct · Fancy Orangy Pink · VS1 ×0.8 high estimate Estimate USD 249k – 498k USD 421,665$77,942 per carat $4,196per carat Lot 528 Fancy yellow diamond and diamond ring 2.01 ct · Fancy Yellow · VS2 ×0.7 high estimate Estimate USD 8k – 12k USD 8,433$4,196 per carat $535,191price paid Lot 561 Pair of fancy intense yellow diamond and diamond ear pendants Fancy Intense Yellow · VVS1 ×1.0 high estimate Estimate USD 421k – 562k USD 535,191

Pearls and cultured pearls 2 lots

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AllCultured pearls 1Pearls, type not stated 1

$10,542price paid Lot 508 Cultured pearl and diamond demi-parure, 'Lucea', Bulgari ×1.0 high estimate Estimate USD 7k – 10k USD 10,542 $12,163price paid Lot 502 Mother-of-pearl and onyx necklace, 'Magic alhambra', Van Cleef & Arpels ×1.6 high estimate Estimate USD 5k – 8k USD 12,163

Signed jewels 35 lots

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AllAlexander Laut 7Boucheron 10Breguet 1Buccellati 1Bulgari 5Cartier 2Chopard 1De Beers 1Lacloche Frères 1Lalaounis 1Piaget 1Ruser 1Vacheron Constantin 1Van Cleef & Arpels 2

$22,705price paid Lot 537 Paraíba tourmaline and coloured diamond ring, alexander laut 14.98 ct · Mozambique ×0.7 high estimate Estimate USD 20k – 31k USD 22,705 $21,083price paid Lot 532 Color-change spinel and diamond ring, alexander laut 25.47 ct · Tanzania · No heat ×0.7 high estimate Estimate USD 20k – 31k USD 21,083 $4,865price paid Lot 568 Ruby and diamond ring, alexander laut 3.50 ct · Burma · No heat ×0.2 high estimate Estimate USD 10k – 20k USD 4,865 Lot 588 Sapphire and diamond ring, alexander laut 23.78 ct · Burma · No heat Estimate USD 109k – 153k Not sold Lot 545 Ruby, sapphire, tsavorite garnet and diamond ring, alexander laut 5.65 ct · Burma · No heat Estimate USD 70k – 96k Not sold Lot 562 Pink spinel, coloured spinel and diamond ring, alexander laut 10.33 ct · Tajikistan · No heat Estimate USD 31k – 45k Not sold Lot 591 Pair of pink spinel, purple spinel and diamond ear pendants, alexander laut J · VS1 Estimate USD 26k – 38k Not sold $38,923price paid Lot 564 White gold, sapphire, amethyst and diamond wristwatch with mother-of-pearl dial, 'Tourbillon shéhérazade', ref. wa010215, circa 2010, Boucheron ×0.6 high estimate Estimate USD 36k – 61k USD 38,923 $25,949price paid Lot 527 White gold and diamond wristwatch with mother-of- pearl dial, 'Crazy jungle hathi', ref. wa010235, circa 2012, Boucheron ×0.8 high estimate Estimate USD 19k – 32k USD 25,949 $12,974price paid Lot 560 Pink gold, coloured sapphire and diamond wristwatch, 'Crazy shéhérazade', ref. wa010228, circa 2011, Boucheron ×0.5 high estimate Estimate USD 18k – 28k USD 12,974 $12,163price paid Lot 538 Coloured sapphire, sapphire and diamond 'Hathi' ring, 'Animaux de collection', Boucheron ×0.5 high estimate Estimate USD 13k – 23k USD 12,163 $12,163price paid Lot 596 Diamond and sapphire 'Hera', ring, 'Animaux de collection', Boucheron ×0.6 high estimate Estimate USD 10k – 19k USD 12,163 $6,812price paid Lot 557 Rose quartz and diamond 'Turtle' ring, 'Animaux de collection', and two diamond rings, 'Serpent bohème', Boucheron ×0.6 high estimate Estimate USD 8k – 11k USD 6,812 $6,812price paid Lot 525 Gem set ring, 'Grenouille', a solitaire diamond ring, and a platinum and diamond ring, 'Facette', Boucheron ×0.7 high estimate Estimate USD 7k – 10k USD 6,812 $5,190price paid Lot 544 Gem set and diamond 'Kaa' ring, 'Animaux de collection', Boucheron ×0.5 high estimate Estimate USD 7k – 10k USD 5,190 $4,865price paid Lot 506 Sapphire ring, 'Secret', and diamond ring, 'Ava', Boucheron ×0.4 high estimate Estimate USD 8k – 13k USD 4,865 $4,865price paid Lot 582 Group of four gem-set and diamond rings, 'Tentation macaron', Boucheron ×0.4 high estimate Estimate USD 7k – 13k USD 4,865 $29,192price paid Lot 520 White gold and diamond wristwatch, with semi-skeletonized and mother-of-pearl dial, 'Traditional dame', ref. 7038, breguet ×1.9 high estimate Estimate USD 9k – 15k USD 29,192 $6,812price paid Lot 517 Yellow and white gold demi-parure, Buccellati ×1.7 high estimate Estimate USD 2k – 4k USD 6,812 $10,542price paid Lot 508 Cultured pearl and diamond demi-parure, 'Lucea', Bulgari ×1.0 high estimate Estimate USD 7k – 10k USD 10,542 $9,731price paid Lot 518 Yellow and white gold necklace, 'Alveare', Bulgari ×1.2 high estimate Estimate USD 5k – 8k USD 9,731 Lot 540 Diamond brooch, Bulgari Estimate USD 31k – 51k Not sold Lot 597 Turquoise, sapphire and diamond brooch, 1960s, Bulgari Estimate USD 41k – 51k Not sold Lot 569 Group of gem set and diamond jewellery, 'Allegra', 'B.zero1', 'Parentesi', Bulgari Estimate USD 10k – 20k Not sold $12,163price paid Lot 526 Pink gold and gem set bangle, 'Love', Cartier ×1.2 high estimate Estimate USD 7k – 10k USD 12,163 $11,353price paid Lot 501 Tri-coloured gold bangle, 'Panthère', Cartier ×2.2 high estimate Estimate USD 3k – 5k USD 11,353 $5,676price paid Lot 571 Stainless steel and diamond wristwatch, with mother-of-pearl dial, 'Happy sport happy snowflakes', ref. 278578-3001, limited edition of 250 pieces, Chopard ×0.6 high estimate Estimate USD 5k – 10k USD 5,676 Lot 573 Pair of coloured diamond and diamond ear pendants, 'Arpeggia', de beers Estimate USD 15k – 26k Not sold $25,949price paid Lot 578 Art Deco diamond and enamel brooch, Lacloche frères ×1.5 high estimate Estimate USD 16k – 18k USD 25,949 $2,919price paid Lot 521 Karat gold demi-parure, lalaounis ×0.5 high estimate Estimate USD 4k – 6k USD 2,919 $3,568price paid Lot 504 Yellow gold bracelet watch, with tiger'S eye dial, ref. 9822, Piaget ×1.1 high estimate Estimate USD 2k – 3k USD 3,568 $6,487price paid Lot 536 Opal and diamond brooch/ pendant, ruser ×0.6 high estimate Estimate USD 6k – 10k USD 6,487 $2,757price paid Lot 543 White gold and diamond bracelet watch, vacheron constantin ×0.7 high estimate Estimate USD 3k – 4k USD 2,757 $51,897price paid Lot 503 Gold, sapphire, emerald and diamond brooch, 1966, Van Cleef & Arpels ×6.3 high estimate Estimate USD 5k – 8k USD 51,897 $12,163price paid Lot 502 Mother-of-pearl and onyx necklace, 'Magic alhambra', Van Cleef & Arpels ×1.6 high estimate Estimate USD 5k – 8k USD 12,163

Vintage 1 lot

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$25,949price paid Lot 578 Art Deco diamond and enamel brooch, Lacloche frères ×1.5 high estimate Estimate USD 16k – 18k USD 25,949

Other jewels 35 lots

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$178,397price paid Lot 551 Ruby and diamond necklace Burma · No heat ×0.7 high estimate Estimate USD 179k – 255k USD 178,397 $68,115price paid Lot 589 Sapphire and diamond necklace ×0.8 high estimate Estimate USD 64k – 83k USD 68,115 $34,058price paid Lot 592 Ruby and diamond necklace ×0.7 high estimate Estimate USD 36k – 51k USD 34,058 $24,327price paid Lot 515 Diamond ring 2.38 ct · E · VVS2 ×1.0 high estimate Estimate USD 15k – 26k USD 24,327 $15,407price paid Lot 554 Red spinel and diamond ring 4.16 ct · Burma · No heat ×1.2 high estimate Estimate USD 6k – 13k USD 15,407 $11,353price paid Lot 516 Diamond demi-parure ×0.7 high estimate Estimate USD 10k – 15k USD 11,353 $10,542price paid Lot 580 Emerald and diamond bracelet ×0.6 high estimate Estimate USD 12k – 18k USD 10,542 $10,542price paid Lot 567 Jadeite bangle ×0.7 high estimate Estimate USD 10k – 15k USD 10,542 $9,731price paid Lot 575 Pair of diamond ear pendants ×1.6 high estimate Estimate USD 4k – 6k USD 9,731 $8,920price paid Lot 547 Diamond demi-parure ×0.7 high estimate Estimate USD 8k – 13k USD 8,920 $8,920price paid Lot 572 Diamond and ruby ring ×1.2 high estimate Estimate USD 5k – 8k USD 8,920 $6,163price paid Lot 529 Pair of ruby and diamond ear pendants ×0.6 high estimate Estimate USD 6k – 10k USD 6,163 $6,163price paid Lot 585 Pink sapphire and diamond bracelet ×0.6 high estimate Estimate USD 6k – 10k USD 6,163 $5,676price paid Lot 566 Jadeite 'Buddha', diamond and icy jadeite pendant ×0.8 high estimate Estimate USD 4k – 7k USD 5,676 $5,190price paid Lot 505 Gem set and diamond brooch/ pendant ×0.7 high estimate Estimate USD 5k – 8k USD 5,190 $5,190price paid Lot 549 Greyish greenish blue spinel and diamond ring 9.53 ct · Vietnam · No heat ×0.7 high estimate Estimate USD 5k – 8k USD 5,190 $5,190price paid Lot 510 Pair of tsavorite garnet and diamond ear pendants ×0.7 high estimate Estimate USD 5k – 7k USD 5,190 $4,865price paid Lot 523 Diamond brooch ×0.6 high estimate Estimate USD 5k – 8k USD 4,865 $4,865price paid Lot 524 Pair of diamond earrings ×1.0 high estimate Estimate USD 3k – 5k USD 4,865 $3,892price paid Lot 519 Coloured spinel and diamond ring 4.12 ct ×0.6 high estimate Estimate USD 4k – 6k USD 3,892 $3,568price paid Lot 530 Rhodolite garnet, tsavorite garnet, ruby and diamond ring 10.99 ct · No heat ×0.5 high estimate Estimate USD 5k – 8k USD 3,568 $3,568price paid Lot 513 Carved jadeite leaf and diamond pendent necklace ×0.9 high estimate Estimate USD 3k – 4k USD 3,568 $3,081price paid Lot 514 Pair of jadeite and diamond ear pendants ×0.6 high estimate Estimate USD 3k – 5k USD 3,081 $2,757price paid Lot 511 Tsavorite garnet and diamond ring 2.16 ct ×0.5 high estimate Estimate USD 3k – 5k USD 2,757 $2,595price paid Lot 550 Coloured sapphire and diamond ring ×0.6 high estimate Estimate USD 3k – 4k USD 2,595 $2,433price paid Lot 558 Lavender jadeite hoop, gem set and diamond pendant ×0.5 high estimate Estimate USD 3k – 5k USD 2,433 Lot 533 Pair of ruby and diamond earrings Burma · No heat Estimate USD 64k – 89k Not sold Lot 534 Ruby and diamond bracelet Estimate USD 54k – 83k Not sold Lot 555 Diamond bracelet Estimate USD 41k – 57k Not sold Lot 593 Diamond ring 2.31 ct · D · Internally Flawless Estimate USD 28k – 41k Not sold Lot 581 Paraíba tourmaline, tsavorite garnet and coloured diamond ring 16.81 ct · Mozambique Estimate USD 21k – 32k Not sold Lot 576 Emerald and diamond ring Estimate USD 17k – 23k Not sold Lot 587 Tanzanite and diamond ring Estimate USD 17k – 23k Not sold Lot 512 Tsavorite garnet and diamond bracelet Estimate USD 11k – 18k Not sold Lot 559 Pair of red spinel, mother-of-pearl and diamond earrings Burma · No indications of treatment Estimate USD 8k – 12k 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 5 October 2023. Photographs © Phillips 2023.

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 532 · $21,083

Color-change spinel and diamond ring, alexander laut

25.47 ct · Tanzania · CDC 1906293

1. Sept 2025Phillips Hong Kong · lot 535est. $20,560–30,840$21,549

Lot 545

Ruby, sapphire, tsavorite garnet and diamond ring, alexander laut

5.65 ct · Burma · SSEF 106183

1. May 2025Phillips Geneva · lot 304est. $53,343–71,124$52,691

Lot 577 · $324,358

Sapphire and diamond ring

5.39 ct · Kashmir · Gübelin 21082095 · AGL 1117520 · SSEF 118809

1. Dec 2021Bonhams New York · lot 179est. $275,000–375,000Unsold