{"id":13844,"date":"2022-02-11T16:25:01","date_gmt":"2022-02-11T10:55:01","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=13844"},"modified":"2025-05-06T12:36:58","modified_gmt":"2025-05-06T07:06:58","slug":"phillips-auction-house-sees-rising-demand-for-high-jewellery-in-asia","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/phillips-auction-house-sees-rising-demand-for-high-jewellery-in-asia\/","title":{"rendered":"Phillips Auction House Sees Rising Demand For High Jewellery In Asia"},"content":{"rendered":"\n

Phillips auction house plans to stage jewellery auctions almost every month this year in response to high demand from jewellery connoisseurs, writes UK-based journalist and Editor of Jewellery Outlook, David Brough<\/strong>.<\/em><\/h4>\n\n\n\n

The high-value jewellery, diamonds and gemstones market is set to grow in Asia in 2022, continuing a trend from last year, buoyed by a new generation of digitally savvy buyers, a senior executive with Phillips auction house said.<\/p>\n\n\n\n

\u201cThe classic European and American markets are still strong, but we do see indeed a higher demand in Asia,\u201d Benoit Repellin, Phillips\u2019 newly appointed Head of Jewellery, Europe and Middle East, told Solitaire.<\/p>\n\n\n\n

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Benoit Repellin<\/figcaption><\/figure><\/div>\n\n\n\n

\u201cMore and more collectors are confident to go through (the) auction (route) to find the pieces they are looking for. And we also see a new generation interested in the jewellery market, the design, and the gems themselves.\u201d<\/p>\n\n\n\n

The jewellery market showed incredible strength in 2021 with Phillips seeing a 72% increase in sales from pre-pandemic levels, Benoit said.<\/p>\n\n\n\n

\u201cWe\u2019re confident the momentum will continue into 2022,\u201d he said. \u201cCollectors are driven by their passion and are willing to do whatever it takes to acquire rare pieces.\u201d<\/p>\n\n\n\n

Some jewellery analysts believe that the current period of rising inflation may enhance the appeal of collectible investments, such as exquisite items of high jewellery.<\/p>\n\n\n\n

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Jewels which are characteristic of a certain period, with an iconic design, signed pieces or jewels with important provenance reach very high prices, Benoit said.<\/p>\n\n\n\n

\u201cArt Deco remains a very sought-after era, but we see more and more jewellery collectors who view jewellery as a collecting category, the same way as one would build an art collection,\u201d he said.<\/p>\n\n\n\n

\u201cSo these clients want to get pieces that best illustrate each era, each jewellery maison, iconic and historic pieces. So as long as a jewel is characteristic of its period, if it bears the signature of an important jewellery house or a famous designer, there will be some competition at auction.\u201d <\/p>\n\n\n\n

Exceptional gemstones are always sought-after, Benoit said.<\/p>\n\n\n\n

\u201cSome clients see gems as an investment too,\u201d he added. \u201cIf this is the case, they would go for the best quality of each category: unheated stones, pigeon-blood Burmese rubies, Kashmir, Burmese, Ceylon sapphires, royal blue colour, Colombian emeralds with no clarity modification or minor oil.\u201d<\/p>\n\n\n\n

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Benoit added, \u201cColourless diamonds are going up and we are also seeing a strong demand for old-cut stones.<\/p>\n\n\n\n

\u201cWe sold a 20.27-carat, step-cut, D, Flawless Type IIa diamond for US$ 2,048,640 (over US$ 101,000 per carat) in Hong Kong in November. <\/p>\n\n\n\n

\u201cColoured diamonds also always reach high prices and attract connoisseurs.\u201d<\/p>\n\n\n\n

Phillips\u2019 clients were becoming more familiar and confident buying stones from other origins than the \u201cclassic\u201d ones, Benoit said. <\/p>\n\n\n\n

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\u201cWe set a world auction record price per carat for a Zambian emerald with an 8.63-carat stone selling for US$ 210,160, that is around US$ 24,000 per carat last November in Hong Kong,\u201d he added.<\/p>\n\n\n\n

\u201cThai, Mozambique rubies, and Madagascan sapphires have also started to make their appearance at auction, after being used by jewellery houses for years.\u201d<\/p>\n\n\n\n

Phillips will stage jewellery auctions almost every month this year.<\/p>\n\n\n\n

\u201cWe have an online sale every month, alternating between Hong Kong and New York, and our main live auctions at the end of May and end of November in Hong Kong, and early June and early December in New York,\u201d Benoit said.<\/p>\n\n\n\n

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Phillips\u2019 jewellery department is growing and has proven to be able to achieve very high results in a competitive market. <\/p>\n\n\n\n

\"\"<\/a><\/figure><\/div>\n\n\n\n

\u201cOur results of last year, and especially our autumn seasons with the Jewels and Jadeite sale, the Sensational Jewels from a Prominent Middle Eastern Collector, and the collection of Zambian emeralds, showed that the market is very receptive to our sales and that clients trust Phillips to sell or buy important pieces,\u201d Benoit said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Phillips auction house plans to stage jewellery auctions almost every month this year in response to high demand from jewellery connoisseurs, writes UK-based journalist and Editor of Jewellery Outlook, David Brough. The high-value jewellery, diamonds and gemstones market is set to grow in Asia in 2022, continuing a trend from last year, buoyed by a…<\/p>\n","protected":false},"author":16,"featured_media":13845,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[96,100,107,79],"tags":[],"thb-sponsors":[],"class_list":["post-13844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diamonds","category-in-focus","category-retail","category-viewpoint"],"acf":[],"yoast_head":"\nPhillips Auction House Sees Rising Demand For High Jewellery In Asia - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/phillips-auction-house-sees-rising-demand-for-high-jewellery-in-asia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Phillips Auction House Sees Rising Demand For High Jewellery In Asia - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"Phillips auction house plans to stage jewellery auctions almost every month this year in response to high demand from jewellery connoisseurs, writes UK-based journalist and Editor of Jewellery Outlook, David Brough. 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