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.
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.
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.”
