< Back to News
Latest News

Pink Diamond Scores Big at First Phillips Jewelry Sale in Geneva

November 7, 2023  |  Leah Meirovich
Phillips 20.19ct Fancy Intense Pink diamond ring 1280 USED 071123

Phillips sold a pink-diamond ring for CHF 11.9 million ($13.2 million) at its inaugural Geneva jewelry auction, making it the highlight of the 110-lot event.

The cut-cornered rectangular modified brilliant-cut, 20.19-carat, fancy-intense-pink, VVS1-clarity stone was the fourth-largest of its color ever to appear at auction. The price it achieved at the Geneva Jewels Auction: ONE — which took place Monday — fell within its presale estimate range of CHF 10 million to CHF 15 million ($11.1 million to $16.7 million).

In July, Phillips announced that it would begin holding annual jewelry auctions in the Swiss city, as global sales for the category had been strong.

Here are the other pieces that made the top five at the auction:

This round-cornered rectangular modified brilliant-cut, 54.27-carat, fancy-intense-yellow, internally flawless diamond ring fetched CHF 1.3 million ($1.5 million), within its expected price range.
A ring by designer Fred featuring an oval, 15.60-carat, D-color, VS2, type IIa diamond brought in CHF 889,000 ($988,561), beating its CHF 720,000 ($800,634) upper estimate.



 
Phillips sold this pair of Sterlé ear clips from the 1960s for CHF 482,600 ($536,542), above the lot’s CHF 450,000 ($500,298) high estimate. Each features a drop-shaped natural pearl — one weighing 23.84 carats and the other 22.88 carats — with brilliant-cut diamond accents, hanging from a marquise- and baguette-diamond surmount.

 
These earrings by Bulgari contain two sugarloaf cabochon Burmese sapphires weighing 17.74 and 16.66 carats respectively, accented with calibré-cut rubies and baguette diamonds. They went for CHF 444,500 ($494,335), within their presale price range.

Stay up to date by signing up for our diamond and jewelry industry news and analysis.

Subscribe to Rapaport Newsletters

Main image: The 20.19-carat pink diamond ring. (Phillips)

More Stories To Consider

Industry
November 30, 2023
Retail
November 30, 2023
Retail
November 30, 2023

Share

Phillips 20.19ct Fancy Intense Pink diamond ring 1280 USED 071123 Pink Diamond Scores Big at First Phillips Jewelry Sale in Geneva
Copy Link

Share with others

WhatsApp Email
Facebook Twitter LinkedIn
© Copyright 2023 by Rapaport USA Inc. All Rights Reserved.
Privacy Policy   |   Terms of Use

Search

Date