Top Jewels Fail to Sell at Phillips Geneva Auction

(Left to right): The emerald pendant, ring and earrings that did not sell at the Phillips auction image

Three emerald pieces that Phillips expected to fetch a total of CHF 88,000 ($110,787) at its recent jewelry sale in Geneva went unsold after failing to meet their reserve prices.

A pendant sporting an oval, 26.95-carat emerald framed with brilliant-cut and marquise-shaped diamonds carried an upper estimate of CHF 32,000 ($40,251). It was originally expected to lead the November 13 Geneva Jewels: Online Auction, according to Phillips. The auction house also did not manage to sell a ring with an octagonal step-cut, 1.56-carat Colombian emerald in a surround of marquise-shaped diamonds. That lot had a high price of CHF 30,000 ($37,747).

Meanwhile, a pair of earrings with pear-shaped emeralds weighing 5.11 and 5.17 carats and pear-shaped, brilliant-cut, and tapered baguette diamond accents also didn’t find a buyer, having carried a high estimate of CHF 26,000 (32,734).

Numerous pieces from famous designers, including Cartier, Boucheron and Chaumet, went under the hammer. In total, the sale garnered CHF 979,691 ($1.2 million).

Here are the top five pieces that sold at the auction:

A necklace with an openwork-design pendant sports a cushion-shaped Ceylon color-change sapphire accented with circular-cut diamonds at Phillips image
A necklace with an openwork-design pendant sports a cushion-shaped Ceylon color-change sapphire accented with circular-cut diamonds. It almost quadrupled its CHF 16,000 ($20,151) top price, bringing in CHF 58,050 ($73,111).
This Graff eternity diamond ring contains step-cut diamonds at Phillips image
This Graff eternity diamond ring, which Phillips sold without a reserve price, contains step-cut diamonds. It garnered over nine times its CHF 4,800 ($6,045) high estimate, raking in CHF 45,150 ($56,864).
A necklace containing oval and circular-cut rubies, accented with brilliant- and princess-cut diamonds at Phillips image
A necklace containing oval and circular-cut rubies, accented with brilliant- and princess-cut diamonds, sold for CHF 33,540 ($42,242), surpassing its CHF 28,000 ($35,265) upper price.
A ring bearing a cushion-shaped, 39.24-carat aquamarine at Phillips image
A ring bearing a cushion-shaped, 39.24-carat aquamarine beat its top estimate of CHF 19,000 ($23,929) and sold for CHF 28,380 ($35,743).
A ring features a cushion-shaped, 6.07-carat Burmese sapphire between two shield-shaped diamonds at Phillips image
This ring sailed past its CHF 16,000 ($20,151) high price to sell for CHF 24,510 ($30,869). It features a cushion-shaped, 6.07-carat Burmese sapphire between two shield-shaped diamonds.

Image (left to right): The emerald pendant, ring and earrings that did not sell at the Phillips auction. (Phillips)

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Top Jewels Fail to Sell at Phillips Geneva Auction

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