Inside Phillips’ Upcoming Hong Kong Jewels Sale

By Annie Davidson Watson | March 17, 2025

Phillips is set to host its 110-lot Hong Kong Jewels auction on March 27. “Reflecting the strong market demand for rare and important colored gemstones and diamonds, this sale is headlined by a stunning array of treasures, featuring the vibrant allure of sapphires, emeralds, and rubies as well as the captivating brilliance of fancy colored diamonds,” said Diana Chang, Phillips’ jewelry head of sale in Hong Kong, in a statement.

“Building on the remarkable success of our jewels auction in Hong Kong last season, which saw an impressive 89% year-on-year increase, we are delighted to present a finely curated sale this season,” Chang said. “Our selective collection is designed to appeal to a diverse audience, including gem connoisseurs, seasoned collectors, fashionistas, and tastemakers.”

Jewels will be on view at Phillips’ location in Hong Kong from March 21 to 27. Phillips will host an online Hong Kong Jewels sale from March 21 to April 1.

Below are a few top lots from the upcoming live auction.

ruby bracelet — *Bracelet in platinum and yellow gold with pear-shape diamonds and 33.66 cts. t.w. graduated cushion-shape and oval rubies (two of Burmese origin, unheated), estimate $600,000–$860,000*

diamond ring — *Ring in white gold with 10 ct. emerald-cut diamond and brilliant-cut diamonds, estimate $450,000–$650,000*

emerald ring — *Ring in platinum with 13.65 ct. step-cut emerald and 2.56 ct. and 2.41 ct. rectangular step-cut diamonds, estimate $450,000–$650,000*

pink diamond earrings — *Pair of earrings, each with an approximately 5 ct. very light or faint pink pear-shape diamond surrounded by brilliant-cut diamonds, estimate $450,000–$640,000*

sapphire earrings — *Earrings in white gold with 9.87 ct. and 8.59 ct. Burmese unheated oval sapphires plus pear- and marquise-shape diamonds, estimate $270,000–$385,000*

Top: Necklace with pear-shape and brilliant-cut diamonds and 38.8 cts. t.w. Burmese unheated rubies, estimate $350,000–$450,000 (photos courtesy of Phillips)

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