Phillip’s Exceptional Coloured Stones Lead The Geneva Jewels Auction: Three
Courtesy of Phillips
Star Lots Included an Exceptional Ruby and Diamond Ring, Which Sold for CHF 4,779,000/ US$5,441,847, as well as an Important Emerald Ring, Which Sold for CHF 1,330,500/ US $1,515,040
GENEVA – Phillips concluded The Geneva Jewels Auction: THREE ON 11 November at the company’s recently launched saleroom at the Hotel President, Geneva. The auction saw competitive bidding on the phones, in the room and online, achieving a total of CHF 12,083,580 / US$13,759,573 / €12,871,429, with 77% of the 112 lots sold.
Benoît Repellin, Phillips’ Worldwide Head of Jewellery, said “We are pleased with the overall result of CHF 12.1 million / US$ 13.8 million achieved this afternoon. The Geneva Jewels Auction: THREE featured outstanding pieces, notably our star lot, the Exceptional Burmese ruby and diamond ring weighing 17.97 carats, which sold for CHF 4.8 million / US$ 5.4 million. We continued to build on the strong momentum of recent sales featuring exceptional coloured gemstones. Highlights included an Important Colombian emerald ring, set with a step-cut emerald weighing 20.49 carats with no indications of clarity modification which sold for CHF 1.3 million / US$ 1.5 million, as well as a Ceylon Sapphire and diamond ring weighing 9.00 carats, which sold for CHF 184,000 / US$ 210,000.
Other standout jewels included 'The Red Miracle,' a Rare Fancy Red diamond ring, set with a cut-cornered rectangular-cut fancy red diamond weighing 1.21 carats, which fetched CHF 980,000 / US$ 1.1 million, well above its high estimate.
Colourless diamonds had a strong showing, with 100% of all lots selling, including a Diamond ring set with a 7 carat marquise-shaped diamond, which sold for CHF 280,000 / US$ 317,000, over double its presale high estimate.
Pieces with remarkable provenance were highly sought-after, including a Natural pearl and diamond necklace, from a European noble family, which sold for over four times its presale low estimate, achieving CHF 267,000 / US$ 303,000. A Spinel and diamond necklace gifted by King George IV to his mistress the Marchioness Conygham, sold for CHF 41,000 / US$ 46,000, more than three times its presale low estimate, and a Coral and diamond bracelet by Marsh & Co, formerly in the collection of Margaret Roebling Perrine and later Fred Leighton, sold for over CHF 16,000 / US$ 19,000.
Finally, signed jewels continued to have a robust showing, featuring notable pieces by Cartier, Bulgari, Buccellati, Van Cleef & Arpels, and Jean Schlumberger for Tiffany & Co. among others.
Looking ahead, our Geneva Jewels Online Auction ended on 15 November, and Phillips looks forward to their next live sale in New York, taking place on 13 December.”
AUCTION HIGHLIGHTS:
From Left to Right: Lot 411, Exceptional ruby and diamond ring Sold For: CHF 4,779,000 $5,441,847/€5,090,591, Lot 404, Important emerald ring Sold For: CHF 1,330,500 $1,515,040/€1,417,249, Lot 413, 'The Red Miracle,' Rare Fancy Red diamond ring Sold For: CHF 977,900 $1,113,535/€1,041,659 Lot 340, Spinel and diamond necklace, circa 1825 Sold For: CHF 40,640, Lot 382, Diamond ring Sold For: CHF 279,400 $318,153/€297,617 $46,277/€43,290 Exchange Rate on 11 November 2024: CHF1 = $1.1387, €1.0652, £0.883 Lot 338, Natural pearl and diamond necklace Sold For: CHF 266,700 $303,691/€284,089 Lot 365, Marsh & Co., Coral and diamond bracelet, circa 1935 Sold For: CHF 16,510 $18,800/€17,586
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Phillips: where the world’s curious and bold connect with the art, design, and luxury that inspires them. As a leading global platform for buying and selling 20th and 21st century works, Phillips offers dedicated expertise in the areas of Modern and Contemporary Art, Design, Photographs, Editions, Watches, and Jewels. Auctions and exhibitions are primarily held in New York, London, Geneva, and Hong Kong, with representative offices based throughout Europe, the United States, and Asia. Phillips offers a regular selection of live and online auctions, along with items available for immediate purchase. Phillips also offers a range of services and advice on all aspects of collecting, including private sales and assistance with appraisals, valuations, and financial planning.
For more information about this auction and others with Phillips, please visit their site here. Also, please follow Phillips on Facebook and Instagram. *Estimates do not include buyer’s premium; prices achieved include the hammer price plus buyer’s premium.
