Phillips Hong Kong to Auction 15.51-Carat Yellow Diamond

AuctionsMar 14, 2024

Phillips Hong Kong to Auction 15.51-Carat Yellow Diamond

It’s estimated to sell for up to $1.3 million at the upcoming sale on March 28.

15.51-Carat Yellow Diamond
A nearly 16-carat brilliant-cut fancy vivid yellow diamond is one highlight of the upcoming Phillips Hong Kong auction.
Hong Kong—Phillips’ upcoming auction will feature a curation of colored diamonds, gemstones, and signed jewels, led by a 16-carat fancy vivid yellow diamond.

The Hong Kong Jewels Auction will take place March 28 at the company’s Asia headquarters in Hong Kong’s West Kowloon Cultural District. 

“Echoing the strong market demand for rare and important colored diamonds, this spring we are delighted to present a breadth of fancy colored diamonds certified by GIA,” said Louisa Chan, head of sale, Hong Kong, Phillips Jewels.

“The sale also brings together a stunning array of treasures – from the finest Burmese rubies, Colombian emeralds, vintage signed pieces from Bulgari, Cartier, and Van Cleef & Arpels, as well as red spinels and Paraíba tourmalines that are currently sought after by collectors and connoisseurs.”

One highlight of the sale is a ring with a round fancy vivid yellow diamond center stone weighing 15.51 carats.

fancy vivid yellow diamond brilliant
A 15.51-carat brilliant-cut fancy vivid yellow diamonds.

Because of the value of colored diamonds, cutters usually prefer styles that maximize weight yield.

However, the auction house calls this yellow diamond “an exceedingly scarce example,” as it has a brilliant cut, a style reputed for resulting in a great loss of material weight, and therefore “extremely rare.” 

It is estimated to sell for $7.4 million to $9.7 million Hong Kong dollars ($950,000 to $1.3 million).

The sale will also feature a ring with a 1.38-carat cushion-shaped fancy vivid purplish pink diamond center stone, with Phillips noting that fancy pink diamonds weighing more than 1 carat are rare. 

The stone is set on a spiraling dome-shaped mount, accented by circular-cut pink sapphires and brilliant-cut diamonds.

fancy vivid purplish pink diamond ring
A spiral ring with a 1.38-carat fancy vivid purplish pink diamond

The ring is estimated to sell for $2.4 million to $3.5 million Hong Kong dollars ($425,000 to $560,000).

Also a highlight of the auction, a 2.65-carat fancy intense orangy pink diamond and diamond ring is estimated to sell for up to $3 million Hong Kong dollars ($400,000).

A handful of ruby jewelry will also appear at the sale, including a 4.01-carat Burmese unheated ruby and diamond ring with a high estimate of $1.4 million Hong Kong dollars ($180,000).

Burmese ruby ring
A 4.01-carat Burmese ruby ring.

Burma, now known as Myanmar, is yielding fewer and fewer rubies in recent decades, Phillips said, with larger sizes from the region even more scarce.

Also from the region, a 10.32-carat step-cut red spinel and diamond ring is for sale with a high estimate of $500,000 Hong Kong dollars ($65,000).

Other natural ruby jewelry up for auction includes a line bracelet containing 12 cushion-shaped oval and circular-cut rubies weighing nearly 25 carats in total, spaced by kite-shaped diamonds. The pre-sale estimate is $1.8 million to $2.8 million Hong Kong dollars ($230,000-$300,000).

A ruby and diamond necklace containing 35 matched mixed-cut rubies weighing about 38 carats in total and diamonds is also up for sale. It is estimated to sell for up to $2.2 million Hong Kong dollars ($280,000).

ruby and diamond necklace
A necklace with diamonds and about 38 carats of rubies

Both pieces’ rubies are graded by the Gübelin Gem Lab and have no indications of heating. 
 Related stories will be right here … 

The Hong Kong Jewels Auction will also present pieces containing Colombian emeralds, including a pair of Harry Winston ear pendants with pear-shaped emeralds totaling approximately 10 carats and diamonds. 

Harry Winston emerald earrings
Harry Winston earrings with diamonds and about 10 carats of emeralds
They are estimated to sell for $950,000 to $1.5 million Hong Kong dollars ($120,000 to $180,000). 

Also for sale is a 37.08-carat cabochon-cut Colombian emerald surrounded by brilliant-cut and baguette diamonds with a high estimate of $1 million Hong Kong dollars ($130,000). 

Paraíba tourmalines, discovered in Brazil more than 30 years ago, are among the rarest and most sought-after gemstones in the world right now, Phillips said. 

Brazilian deposits are allegedly depleted, and the supply of Brazilian stones in the market is extremely limited, according to the auction house. The upcoming Hong Kong auction will feature rings with Paraíba tourmalines from both Brazil and Mozambique. 

Of the signed pieces on offer this season, a turquoise and diamond necklace by Van Cleef & Arpels stands out. The house has used turquoises in designs throughout its history, including ballerinas, “La Boutique” brooches from the 1950s, and more recently, in its “Ludo” series. 

The necklace on offer, circa 1985, also comes with a certificate of authenticity from the brand. It’s estimated to sell for $900,000 to $1.2 million Hong Kong dollars ($110,000-$150,000).

Van Cleef & Arpels diamond and turquoise necklace
A Van Cleef & Arpels diamond and turquoise necklace, circa 1985

The necklace is set with alternating diamonds and round cabochon turquoises supporting a fringe of pear-shaped cabochon turquoise.

Turquoise, one of Queen Victoria’s favorite gemstones, was a symbol of true love in the Victorian era, the auction house said. 

Phillips will also offer a nearly century-old Cartier bracelet.

The Art Deco-style piece, circa 1920, features Burmese unheated rubies and diamonds, exhibiting “exceptional workmanship from highly-skilled artisans” for a period when diamond-cutting had not yet been enhanced by computerization, the auction house said.

1920s Cartier ruby and diamond bracelet
A Cartier bracelet from the 1920s set with oval and cushion-shaped rubies with old European-, circular-cut and baguette diamonds

It is estimated to sell for up to $600,000 Hong Kong dollars ($52,000).

Highlights from the sale will be exhibited in Singapore from March 8-9 and Taipei, Taiwan from March 16-17, and return to Hong Kong for public viewing March 20-28, prior to the sale. 

“We look forward to welcoming enthusiasts at one of our preview exhibitions in Asia, and to Phillips’ Asia headquarters in Hong Kong on March 28 for the live auction,” said Chan. 

All lots for sale are available to view now on Phillips website

The Latest

Alfred W. DeScenza
IndependentsApr 15, 2024
Alfred W. DeScenza of DeScenza Diamonds Dies at 95

He is remembered by loved ones for his loyalty, integrity, and kindness.

Joyce’s Jewelry
TechnologyApr 15, 2024
Judge Rules Jeweler’s Lawsuit Against PNC Bank Can Move Forward

Joyce’s Jewelry sued the bank after cybercriminals drained its accounts of nearly $1.6 million through a series of wire transfers.

AGS Conclave 2024 logo Austin
Events & AwardsApr 15, 2024
10 Can’t-Miss Sessions at AGS Conclave 2024

From lab-grown diamonds and AI to the inevitable Taylor Swift mention, here are some of Conclave’s most intriguing educational offerings.

Brought to you by
The Blueprint for Success in Scalable, Personalized Jewelry Retail

With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.

My Next Question webinar
Recorded WebinarsApr 12, 2024
Watch: What Jewelers Need to Know About Insurance

From cybersecurity liability to trade show coverage, insurance experts share tips on how to build the right policy.

Weekly QuizApr 11, 2024
This Week’s Quiz
Test your jewelry news knowledge with this seven-question quiz.
Take the Quiz
Evil Eye Charm with Turquoise Disc
CollectionsApr 12, 2024
Piece of the Week: Lionheart’s Evil Eye Gemstone Charm

The charm is a modern rendition of the evil eye amulet that has been worn for thousands of years.

The Jewelry Symposium scholarship winners 2024
Events & AwardsApr 12, 2024
The Jewelry Symposium Announces 4 Scholarship Winners

Ahead of its trade show next month, TJS awarded free registration and accommodations to one jewelry professional and three students.

Jewelers of America Fly In Washington, D.C.
Brought to you by
How Jewelers of America Represents Your Business

For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.

SRK Empire and SRK House
Policies & IssuesApr 11, 2024
SRK Exports’ Journey Toward Net Zero Impact

By the end of this year, SRK’s diamond manufacturing complexes will achieve net zero emissions, one of an impressive array of achievements.

AGTA logo
Lab-GrownApr 11, 2024
AGTA Bans Lab-Grown Diamonds, Gemstones at GemFair

Members can still sell lab-grown stones, it said, but only natural gems are allowed on the show floor.

Steven Rosdal
IndependentsApr 11, 2024
Steven Rosdal, Co-Founder of Hyde Park Jewelers, Dies at 77

He is remembered for his charisma, passion, integrity, kindness, and wit.

Macy’s Herald Square store
MajorsApr 11, 2024
Macy’s Opens Books for Possible Buyout

The retailer also appointed two new board members, avoiding a proxy fight from a potential buyer.

Sylvie Jewelry model
CollectionsApr 10, 2024
Sylvie Launches New Nature-Inspired Collection, ‘Tulira’

The bridal collection consists of 35 engagement rings and seven wedding bands.

Rolex Oyster Perpetual Deepsea in 18-karat yellow gold
WatchesApr 10, 2024
These Are Rolex’s New Watches for 2024

The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.

Levy’s Fine Jewelry diamond education
IndependentsApr 10, 2024
Levy's Fine Jewelry Explores Diamond History

The family-owned jeweler has a new education section on its website dedicated to the history of diamond cutting.

With Clarity NFL wedding bands
CollectionsApr 10, 2024
With Clarity Partners With NFL on Wedding Bands

The limited-edition men’s rings can be customized with one of 12 team logos.

Asian Star’s diamond manufacturing facility in India
SourcingApr 10, 2024
Compliance, Caution, and Concern: The Current Outlook of Indian Diamantaires

There is a willingness to comply with new government-mandated regulations, with an insistence that they should be practical and realistic.

Chrono24 watch inspection lab
WatchesApr 09, 2024
Chrono24 Debuts Pre-Owned Watch Authentication Program

The program, now live in Europe, will roll out to the U.S. this summer.

6.21-carat fancy vivid pink diamond
AuctionsApr 09, 2024
Phillips to Offer 6.21-Carat Vivid Pink Diamond

Colored gemstones and signed jewels are the focus of its upcoming Geneva sale.

Lucapa rough colorless and pink diamonds
SourcingApr 09, 2024
Former De Beers Exec Appointed to Lucapa Board

Stuart Brown, who was De Beers’ CFO and interim CEO, is now Lucapa’s independent non-executive chairman.

Jewelers for Children POS System Donations
MajorsApr 09, 2024
Jewel360 Announces New POS Integration, JFC Partnership

The point-of-sale software can now prompt customers to round up their credit card purchases as a donation to Jewelers for Children.

Bharat Ratnam, a Mega Common Facilitation Centre (CFC)
SourcingApr 09, 2024
Reinvigorating SEEPZ, the Epicenter of India’s Studded Jewelry Exports

The zone’s modernization will enhance and increase India’s jewelry manufacturing capabilities while aiding small and mid-sized businesses.

Charles & Colvard moissanite bypass engagement ring
SourcingApr 08, 2024
Charles & Colvard Debuts B2B Portal for Moissanite

Select independent jewelers and retailers can now purchase moissanite through Charles & Colvard Direct.

Amber Rank
Events & AwardsApr 08, 2024
AGS Announces First Recipient of ‘Women in Leadership’ Scholarship

Amber Rank of Exclusively Diamonds will receive mentorship, registration to AGS’s 2024 Conclave, and $500.

Jaeger-LeCoultre citrine pinky-ring watch
AuctionsApr 08, 2024
Sotheby’s ‘Rough Diamonds’ Sale Is All About … Watches

The auction will take place Thursday and is underground, literally.

JOGS logo
Events & AwardsApr 08, 2024
JOGS Show Returns to Las Vegas for a Second Year

The trade show is moving downtown to the Expo at World Market Center.

Kira Diam solar plant
Lab-GrownApr 08, 2024
Indian Lab-Grown Diamond Manufacturers Keep Growing

A combination of factors is driving growth in the industry despite the precipitous drop in prices across the board.


This site uses cookies to give you the best online experience. By continuing to use & browse this site, we assume you agree to our Privacy Policy