A very rare, 21.52-carat Colombian “no oil” emerald-and-diamond ring led Phillips' sale of jewels and jadeite in Hong Kong with a presale estimate of between HK$7.5 million and HK$9.5 million (US$960,000 and US$1.2 million). The ring achieved HK $9.5 million.

Graeme Thompson, Worldwide Head of Jewellery, Phillips, and Terry Chu, Head of Jewellery, Asia, Phillips, jointly said: “Our long-awaited Hong Kong July sale of Jewels and Jadeite realised HK$47 million/ US$6 million, a 54% increase over the previous year’s sale. The results prove that the market for top quality gemstones and signed jewels remains resilient, and the sale percentage by lot and value demonstrates our sustained and steady growth in the region. The auction also saw a record number of online bidders from 20 countries/regions, with a 163% increase on the previous year, further proof that jewellery is one of the most popular collecting categories in Phillips’ digital saleroom. The sale was led by a spectacular emerald and diamond ring, which achieved HK$9.2 million. Signed jewels by some of the world’s most renowed jewellery houses such as Harry Winston, Bulgari, and Graff continue to realise strong prices, with a fine and classic diamond ring by Harry Winston realising HK8.8 million. In line with the growing interest in conch pearls from collectors worldwide, an elegant conch pearl diamond necklace by Karen Suen ignited confident bidding, eventually selling for HK1.7 million.”