HONG KONG – 27 March 2025 – Phillips concluded its Hong Kong Jewels Auction on 27 March at the company’s Asia headquarters in the vibrant West Kowloon Cultural District, achieving a total of over HK$50 million/ US$6.4 million (HK$50,143,410/ US$6,448,443). The sale, which attracted participants from 33 countries and regions, realised a 77% sell through rate by lot, with the total of sold lots fetching 128% of their pre-sale estimates.

Benoît Repellin, Worldwide Head of Jewellery and Diana Chang, Head of Sale, Hong Kong, Phillips Jewels jointly said: “With a 55% year-on-year increase in total sales, this auction highlights the continued robust growth of our jewellery department in Hong Kong. Notably, 60% of sold lots exceeded their presale low estimates, and nearly 20% surpassed their presale high estimates. The sale showcased the strong market demand for diamonds, sapphires, and emeralds, with these precious stones leading the top lots. Their exceptional performance underscores the enduring appeal and high value collectors place on these exquisite gems. Jadeite also performed exceptionally well, with 85% of the lots sold, while signed pieces showed strong performance with a 77% sell-through rate. We look forward to continuing these exceptional results with the ongoing Hong Kong Jewels online sale and the upcoming Geneva Jewels Auction on 12 May.”

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(Press Release)