Wednesday, June 5, 2024
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Red Diamond Sets Records at Phillips Geneva Auction

A 6.21-carat, fancy-vivid-pink, VS1-clarity, type IIa diamond ring sold for $12 million at Phillips’ Geneva Jewels Auction on May 13, achieving $1.9 million per carat and falling within its presale estimate, Phillips announced Tuesday.

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A significant highlight was the Argyle Phoenix, a 1.56-carat, fancy-red diamond ring, which fetched $4.2 million. This sale nearly tripled its high estimate and set new records for both total price and per-carat price for a fancy-red diamond at auction. Originating from Rio Tinto’s Argyle mine in Australia, the diamond was sold for $2.7 million per carat to Graff.

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The auction achieved a total of $26.1 million, with 74% of the items sold. Among other top lots, the 280.84-carat emerald pendant known as the Amazon Queen fetched $3.1 million, surpassing its presale estimate. A Harry Winston fancy-intense-yellow and fancy-yellow diamond necklace sold for $840,410, nearly doubling its estimate, while a ruby and diamond necklace garnered $448,219, just below its upper estimate.

We are thrilled with today’s results, building on the success of Phillips’ first jewels sale in Geneva last November,” said Benoit Repellin, worldwide head of jewelry for Phillips. “The auction showcased outstanding pieces, notably the exceptional fancy-vivid-pink diamond ring, marking it the star lot of the season across Geneva auction houses. Another highlight was the Amazon Queen, which sparked a 30-minute bidding war. We eagerly await our next jewels auction in New York, where we are excited to carry this momentum forward.”

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Alice
Alice
Alice is a seasoned jewelry designer renowned for her exquisite creations that seamlessly blend artistry with elegance. With a passion for craftsmanship and an unwavering commitment to quality, Alice has established herself as a distinguished figure in the world of fine jewelry. Drawing inspiration from diverse cultures and artistic movements, Alice brings a unique perspective to her designs, creating pieces that transcend mere accessories to become timeless works of art. Her meticulous attention to detail and insistence on using only the finest materials ensure that each creation reflects not only her artistic vision but also a commitment to unparalleled craftsmanship. Having honed her skills through years of dedicated practice and a keen understanding of evolving trends, Alice is adept at translating her clients' desires into bespoke, one-of-a-kind pieces. Her portfolio encompasses a range of styles, from classic and timeless to avant-garde and contemporary, showcasing her versatility and ability to cater to a diverse clientele.

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